Effect of Credit Ratings on Airport Financing and Management
This paper analyzes the effect of airport ownership structure on management efficiency as reflected through their credit ratings. A game-theoretical model is proposed to examine the role of credit ratings in mitigating the moral hazard problem of public-owned airports. The analytical results derived...
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Main Authors: | KATO, Kazusei, TEZUKA, Koichiro, LOW, Joyce M. W. |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2010
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Subjects: | |
Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3265 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4264/viewcontent/02185.pdf |
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Institution: | Singapore Management University |
Language: | English |
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