Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry

Detalhes bibliográficos
Autor(a) principal: Costa, Francisco Augusto
Data de Publicação: 2023
Outros Autores: de A. Gomes, Rogéria
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Ensaios
Texto Completo: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/66123
Resumo: Aware of the potential concentration effects of Merger and Acquisitions operations in the market, Airlines advocate efficiency gains to justify these business combinations. Most of the literature in this area focus on mature, well-developed markets, but on the last decade two significant operations were witnessed in the Brazilian market. The methodology used in this study is comprised by a qualitative analysis complimented by an efficiency calculation, regarding the input-output relationship, using Total Factor Productivity calculations. Results show that efficiency gains on Azul-Trip merger were focused on overhead and administrative expenses and that the acquisition of Webjet by Gol provided no efficiency gains.
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spelling Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industryHá ganhos de eficiência em fusões de companhias aéreas? Uma análise na produtividade da indústria de transporte aéreo brasileiraProdutividade na indústria de transporte aéreoprodutividade total dos fatoresfusões e aquisições na indústria de transporte aéreoProductivity in the airline industryTotal factor productivityMergers and acquisitions in the airline industryAware of the potential concentration effects of Merger and Acquisitions operations in the market, Airlines advocate efficiency gains to justify these business combinations. Most of the literature in this area focus on mature, well-developed markets, but on the last decade two significant operations were witnessed in the Brazilian market. The methodology used in this study is comprised by a qualitative analysis complimented by an efficiency calculation, regarding the input-output relationship, using Total Factor Productivity calculations. Results show that efficiency gains on Azul-Trip merger were focused on overhead and administrative expenses and that the acquisition of Webjet by Gol provided no efficiency gains.Cientes dos potenciais efeitos de concentração em operações de fusões e aquisições, companhias aéreas advogam ganhos de eficiência para defender este tipo de combinação de negócio. Na última década, o mercado brasileiro de transporte aéreo testemunhou duas grandes operações desta natureza, oferecendo uma oportunidade para expandir a literatura nesta área do conhecimento, fortemente concentrada no estudo de mercados já maduros. Empregando o cálculo de Produtividade Total dos Fatores e análise qualitativa este trabalho revela que a fusão entre Azul e Trip trouxe ganhos restritos de produtividade e que a aquisição da Webjet pela Gol não ofereceu ganhos de produtividade.EDUFU2023-09-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/6612310.14393/REE-v38n2a2023-66123Revista Economia Ensaios; Vol. 38 No. 2 (2023)Revista Economia Ensaios; v. 38 n. 2 (2023)1983-19940102-2482reponame:Economia Ensaiosinstname:Universidade Federal de Uberlândia (UFU)instacron:UFUporhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/66123/36846Copyright (c) 2023 Revista Economia Ensaiosinfo:eu-repo/semantics/openAccessCosta, Francisco Augustode A. Gomes, Rogéria2024-02-07T19:44:12Zoai:ojs.www.seer.ufu.br:article/66123Revistahttps://seer.ufu.br/index.php/revistaeconomiaensaiosPUBhttps://seer.ufu.br/index.php/revistaeconomiaensaios/oai||ecoensaios@ufu.br|| ecoensaios@ufu.br1983-19940102-2482opendoar:2024-02-07T19:44:12Economia Ensaios - Universidade Federal de Uberlândia (UFU)false
dc.title.none.fl_str_mv Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
Há ganhos de eficiência em fusões de companhias aéreas? Uma análise na produtividade da indústria de transporte aéreo brasileira
title Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
spellingShingle Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
Costa, Francisco Augusto
Produtividade na indústria de transporte aéreo
produtividade total dos fatores
fusões e aquisições na indústria de transporte aéreo
Productivity in the airline industry
Total factor productivity
Mergers and acquisitions in the airline industry
title_short Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
title_full Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
title_fullStr Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
title_full_unstemmed Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
title_sort Are alleged efficiency gains in airline mergers for real? A research on the productivity of the Brazilian airline industry
author Costa, Francisco Augusto
author_facet Costa, Francisco Augusto
de A. Gomes, Rogéria
author_role author
author2 de A. Gomes, Rogéria
author2_role author
dc.contributor.author.fl_str_mv Costa, Francisco Augusto
de A. Gomes, Rogéria
dc.subject.por.fl_str_mv Produtividade na indústria de transporte aéreo
produtividade total dos fatores
fusões e aquisições na indústria de transporte aéreo
Productivity in the airline industry
Total factor productivity
Mergers and acquisitions in the airline industry
topic Produtividade na indústria de transporte aéreo
produtividade total dos fatores
fusões e aquisições na indústria de transporte aéreo
Productivity in the airline industry
Total factor productivity
Mergers and acquisitions in the airline industry
description Aware of the potential concentration effects of Merger and Acquisitions operations in the market, Airlines advocate efficiency gains to justify these business combinations. Most of the literature in this area focus on mature, well-developed markets, but on the last decade two significant operations were witnessed in the Brazilian market. The methodology used in this study is comprised by a qualitative analysis complimented by an efficiency calculation, regarding the input-output relationship, using Total Factor Productivity calculations. Results show that efficiency gains on Azul-Trip merger were focused on overhead and administrative expenses and that the acquisition of Webjet by Gol provided no efficiency gains.
publishDate 2023
dc.date.none.fl_str_mv 2023-09-21
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/66123
10.14393/REE-v38n2a2023-66123
url https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/66123
identifier_str_mv 10.14393/REE-v38n2a2023-66123
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/66123/36846
dc.rights.driver.fl_str_mv Copyright (c) 2023 Revista Economia Ensaios
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2023 Revista Economia Ensaios
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EDUFU
publisher.none.fl_str_mv EDUFU
dc.source.none.fl_str_mv Revista Economia Ensaios; Vol. 38 No. 2 (2023)
Revista Economia Ensaios; v. 38 n. 2 (2023)
1983-1994
0102-2482
reponame:Economia Ensaios
instname:Universidade Federal de Uberlândia (UFU)
instacron:UFU
instname_str Universidade Federal de Uberlândia (UFU)
instacron_str UFU
institution UFU
reponame_str Economia Ensaios
collection Economia Ensaios
repository.name.fl_str_mv Economia Ensaios - Universidade Federal de Uberlândia (UFU)
repository.mail.fl_str_mv ||ecoensaios@ufu.br|| ecoensaios@ufu.br
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