Airline ownership and control: A corporate governance perspective

被引:12
作者
Carney, M [1 ]
Dostaler, I [1 ]
机构
[1] Concordia Univ, John Molson Sch Business, Montreal, PQ H3G 1M8, Canada
关键词
international airlines; foreign ownership; ownership and control; corporate governance;
D O I
10.1016/j.jairtraman.2005.08.002
中图分类号
U [交通运输];
学科分类号
08 ; 0823 ;
摘要
Most countries require substantial domestic equity ownership of designated national airlines, yet changes in international capital markets have significantly altered the way control rights associated with equity are exercised. We argue that in a context of aviation deregulation and liberalization, a new generation of aviation financiers has appeared whose incentives and competence for control diminishes the relevance of the nationality provisions contained in most bilateral agreements. The paper describes recent developments in ownership and control and its impact on airline management. (c) 2005 Elsevier Ltd. All rights reserved.
引用
收藏
页码:63 / 75
页数:13
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