Can Financial Markets Inform Operational Improvement Efforts? Evidence from the Airline Industry

2013 ◽  
Vol 15 (3) ◽  
pp. 405-422 ◽  
Author(s):  
Kamalini Ramdas ◽  
Jonathan Williams ◽  
Marc Lipson
Keyword(s):  
Financial Markets ◽  
Airline Industry ◽  
Operational Improvement

Pricing Strategy and Corporate Bond Value

2012 ◽  
Vol 3 (3) ◽  
pp. 40-52 ◽  
Author(s):  
Min Shi ◽  
Wei Yu
Keyword(s):  
Financial Markets ◽  
Airline Industry ◽  
Default Risk ◽  
Time Windows ◽  
Corporate Bond ◽  
Pricing Strategy ◽  
Industry Data ◽  
Bond Returns ◽  
Study Methodology ◽  
Event Study Methodology

Pricing strategy is expected to impose profound impacts on a firm’s cash flow and default risk. However, little research has been done to examine its direct impacts on financial markets. Applying event study methodology on the airline industry data, this paper aims to fill this gap by investigating whether and how corporate bond value is affected by pricing cut events in the airline industry in various time windows. The authors’ empirical results find significant positive abnormal bond returns in the announcement month. However, the price effect becomes insignificant and vanishes in the following months. By integrating financial market and marketing behavior analysis, this paper provides managerial insights for both marketing managers and corporate bond investors.

European Financial Markets and Institutions

2009 ◽  
Author(s):  
Jakob de Haan ◽  
Sander Oosterloo ◽  
Dirk Schoenmaker
Keyword(s):  
Financial Markets ◽  
Markets And Institutions

Discrete Models of Financial Markets

2009 ◽  
Author(s):  
Marek Capinski ◽  
Ekkehard Kopp
Keyword(s):  
Financial Markets ◽  
Discrete Models

Financial Markets and Institutions

2012 ◽  
Author(s):  
Jakob de Haan ◽  
Sander Oosterloo ◽  
Dirk Schoenmaker
Keyword(s):  
Financial Markets ◽  
Markets And Institutions

Limit theorems and price changes in financial markets

1998 ◽  
Vol 77 (5) ◽  
pp. 1353-1356
Author(s):  
Rosario N. Mantegna, H. Eugene Stanley
Keyword(s):  
Financial Markets ◽  
Limit Theorems ◽  
Price Changes
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