The information content of earnings releases by global airlines

被引：12

作者：

Gong, SXH ^{[1
]}

Firth, M

Cullinane, K

机构：

[1] Hong Kong Polytech Univ, Sch Accounting & Finance, Kowloon, Hong Kong, Peoples R China

[2] Univ Newcastle Upon Tyne, Sch Marine Sci & Technol, Newcastle Upon Tyne NE1 7RU, Tyne & Wear, England

来源：

JOURNAL OF AIR TRANSPORT MANAGEMENT | 2006年 / 12卷 / 02期

关键词：

earnings; event study; global airlines; airline finance;

D O I：

10.1016/j.jairtraman.2006.01.001

中图分类号：

U [交通运输];

学科分类号：

08 ; 0823 ;

摘要：

This paper provides a systematic assessment of the usefulness of earnings releases by global airlines. Utilizing a standard event study methodology, it is found that the sample as a whole does not possess significant information content. The information content of earnings is found to be related to the size of the releasing firm but no clear differences are detected for airlines from different accounting clusters. Several possible explanations are offered for the lack of strong earnings information content in the context of global airlines. (c) 2006 Elsevier Ltd. All rights reserved.

引用

页码：82 / 91

页数：10

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