Merger Activity and Short-Run Financial Performance in the US Airline Industry

• المؤلفون الرئيسيون: Manuela, Wilfred S, Jr, Rhoades, Dawna L
• التنسيق: text
• منشور في: Archīum Ateneo 2014
• الموضوعات: Airline mergers; event study; abnormal returns; Strategic Management Policy
• الوصول للمادة أونلاين: https://archium.ateneo.edu/leadership-and-strategy-faculty-pubs/3; https://www.jstor.org/stable/10.5325/transportationj.53.3.0345?seq=1

This article examines the announcement and post-merger effects of three US airline mergers—America West and US Airways, Delta and Northwest, and United and Continental. The time series data consist of daily and cumulative abnormal returns using the Standard and Poor's 500 as the benchmark index...