Does leasing affect firm value? Evidence from the North American and European airline industry

Detalhes bibliográficos
Autor(a) principal: Schwarzkopf, Max Joachim
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/143028
Resumo: The group part of the airline industry report investigates which airlines are best positioned to operate in a sustainable post-Covid market environment. The results show that low-cost carriers are likely to emerge as the leading business model in the future. This individual part studies the effect of aircraft leasing on firm value in North America and Europe. The underlying hypothesis expects a positive effect of leasing on firm value. Contrary to the hypothesis, the paper empirically identifies that leasing has a negative impact on firm value. Furthermore, the factors firm size, investment, growth, and location statistically influence firm’s leasing intensity.
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spelling Does leasing affect firm value? Evidence from the North American and European airline industryStrategyAirline industryTobin´S QFirm valueLeasingDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe group part of the airline industry report investigates which airlines are best positioned to operate in a sustainable post-Covid market environment. The results show that low-cost carriers are likely to emerge as the leading business model in the future. This individual part studies the effect of aircraft leasing on firm value in North America and Europe. The underlying hypothesis expects a positive effect of leasing on firm value. Contrary to the hypothesis, the paper empirically identifies that leasing has a negative impact on firm value. Furthermore, the factors firm size, investment, growth, and location statistically influence firm’s leasing intensity.Fernando AnjosRUNSchwarzkopf, Max Joachim2022-08-16T09:57:37Z2022-01-272021-12-172022-01-27T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/143028TID:203021231enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-05-22T18:04:22Zoai:run.unl.pt:10362/143028Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-05-22T18:04:22Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Does leasing affect firm value? Evidence from the North American and European airline industry
title Does leasing affect firm value? Evidence from the North American and European airline industry
spellingShingle Does leasing affect firm value? Evidence from the North American and European airline industry
Schwarzkopf, Max Joachim
Strategy
Airline industry
Tobin´S Q
Firm value
Leasing
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Does leasing affect firm value? Evidence from the North American and European airline industry
title_full Does leasing affect firm value? Evidence from the North American and European airline industry
title_fullStr Does leasing affect firm value? Evidence from the North American and European airline industry
title_full_unstemmed Does leasing affect firm value? Evidence from the North American and European airline industry
title_sort Does leasing affect firm value? Evidence from the North American and European airline industry
author Schwarzkopf, Max Joachim
author_facet Schwarzkopf, Max Joachim
author_role author
dc.contributor.none.fl_str_mv Fernando Anjos
RUN
dc.contributor.author.fl_str_mv Schwarzkopf, Max Joachim
dc.subject.por.fl_str_mv Strategy
Airline industry
Tobin´S Q
Firm value
Leasing
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Strategy
Airline industry
Tobin´S Q
Firm value
Leasing
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The group part of the airline industry report investigates which airlines are best positioned to operate in a sustainable post-Covid market environment. The results show that low-cost carriers are likely to emerge as the leading business model in the future. This individual part studies the effect of aircraft leasing on firm value in North America and Europe. The underlying hypothesis expects a positive effect of leasing on firm value. Contrary to the hypothesis, the paper empirically identifies that leasing has a negative impact on firm value. Furthermore, the factors firm size, investment, growth, and location statistically influence firm’s leasing intensity.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-17
2022-08-16T09:57:37Z
2022-01-27
2022-01-27T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/143028
TID:203021231
url http://hdl.handle.net/10362/143028
identifier_str_mv TID:203021231
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv mluisa.alvim@gmail.com
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