International oligopoly and stock market linkages: The case of global airlines
(2008)
Journal Article
Gong, S. X. H., Firth, M., & Cullinane, K. (2008). International oligopoly and stock market linkages: The case of global airlines. Transportation Research Part E: Logistics and Transportation Review, 44, 621-636. https://doi.org/10.1016/j.tre.2007.05.008
This paper investigates the effect of oligopolistic rivalry on spillovers in financial reporting. Using an event study methodology and focusing on global airlines, we find that firms experience discernable abnormal stock price reactions at the announ... Read More about International oligopoly and stock market linkages: The case of global airlines.