Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/51510
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLow, Alicia Su Ru.
dc.contributor.authorKoh, Jocelyn Hui Xiu.
dc.contributor.authorGoh, DeAnn Wei Qi.
dc.date.accessioned2013-04-04T04:17:48Z
dc.date.available2013-04-04T04:17:48Z
dc.date.copyright2013en_US
dc.date.issued2013
dc.identifier.urihttp://hdl.handle.net/10356/51510
dc.description.abstractThis paper looks into the stock market reaction to the announcements of airline alliances, more specifically codeshare agreements and frequent flyer programme (FFP) cooperation. We conducted an event study to measure the changes in returns within a 5-day event window of the date of announcements and found that there were no positive abnormal returns following announcements of codeshare agreements alone. Also, upon further analysis, we found that network-based codeshare agreements did not generate greater abnormal returns than route-based codeshare agreements. However, as hypothesized, our results showed that announcements of FFP cooperation did receive positive stock market reaction. The results revealed that that there were marginally significant positive abnormal returns following announcements of alliances consisting of both codeshare agreement and FFP cooperation. The abnormal returns following such announcements were also significantly greater than announcements of codeshare agreements only. We also recategorized the announcements by size of airline (in terms of passenger traffic), as well as regions to find out which sub-categories contributed to our results.en_US
dc.format.extent61 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Business::Generalen_US
dc.titleAbnormal returns for codeshare agreements and frequent flyer programme cooperation.en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorLi Zhi-Feng, Michaelen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeBUSINESSen_US
item.fulltextWith Fulltext-
item.grantfulltextrestricted-
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)
Files in This Item:
File Description SizeFormat 
b5392.pdf
  Restricted Access
1.56 MBAdobe PDFView/Open

Page view(s) 10

397
Updated on Dec 2, 2020

Download(s)

4
Updated on Dec 2, 2020

Google ScholarTM

Check

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.