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

• Main Authors: Manuela, Wilfred S, Jr, Rhoades, Dawna L
• 格式: text
• 出版: Archīum Ateneo 2014
• 主題: Airline mergers; event study; abnormal returns; Strategic Management Policy
• 在線閱讀: 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...