Study on the Risk and Investment Value of Listed Companies in the Aviation Industry

Research Article
Open access

Study on the Risk and Investment Value of Listed Companies in the Aviation Industry

Zihao Pan 1*
  • 1 Shanghai Lixin Financial and Accounting Institute    
  • *corresponding author 201240535@stu.lixin.edu.cn
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/40/20231990
AEMPS Vol.40
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-101-8
ISBN (Online): 978-1-83558-102-5

Abstract

The objective of this research paper is to thoroughly examine the risks and investment opportunities that exist within the aviation industry for publicly listed companies. The aviation industry encompasses a wide range of sectors, including airlines, aviation manufacturers, and aviation service providers, all of which play a vital role in the overall economy. Many airlines operating within this industry have shares listed on public stock exchanges, providing investors with the opportunity to engage in buying and selling activities. As a result, it is of utmost importance for investors to develop a comprehensive understanding of the associated risks and investment potential associated with publicly listed companies operating within the aviation sector. However, researchers conducting such an analysis must possess a certain level of knowledge and comprehension regarding the intricacies of the aviation industry and its interconnected markets. Acquiring in-depth knowledge about the industry and related market dynamics is crucial for accurately assessing the risk factors and determining the investment value of these listed aviation companies.

Keywords:

risk assessment, industry outlook, comparative analysis

Pan,Z. (2023). Study on the Risk and Investment Value of Listed Companies in the Aviation Industry. Advances in Economics, Management and Political Sciences,40,46-52.
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References

[1]. Carter, D. A., Rogers, D. A., & Simkins, B. J.:Hedging and value in the US airline industry. Journal of Applied Corporate Finance, 18(4), 21-33 (2006).

[2]. Wang, Z. , Hofer, C. , & Dresner, M. E.:Financial condition, safety investment and accident propensity in the us airline industry: a structural analysis. Transportation Research Part E, 49(1), 24-32 (2013).

[3]. Lee, C. H. : (2010). The Determinants of Systematic Risk Exposures of Airline Industry in East Asia.

[4]. Malighetti, P., Meoli, M., Paleari, S., & Redondi, R.:Value determinants in the aviation industry. Transportation Research Part E: Logistics and Transportation Review, 47(3), 359-370 (2011).

[5]. Abdi, Y., Li, X., & Càmara‐Turull, X.:How financial performance influences investment in sustainable development initiatives in the airline industry: The moderation role of state‐ownership. Sustainable Development, 30(5), 1252-1267 (2022).

[6]. Chee-Wooi, H., & Chyn-Hwa, L.: The determinants of systematic risk exposures of airline industry in East Asia. World Applied Sciences Journal, 10(10), 91-98 (2010).

[7]. Cunningham, L. F., Slovin, M. B., Wood, W. R., & Zaima, J. K.: Systematic risk in the deregulated airline industry. Journal of Transport Economics and Policy, 345-353 (1988).

[8]. Heracleous, L., & Wirtz, J.: Strategy and organisation at Singapore Airlines: achieving sustainable advantage through dual strategy. Energy, transport, & the environment: Addressing the sustainable mobility paradigm, 479-493 (2012).

[9]. Loudon, G. F.:Financial risk exposures in the airline industry: Evidence from Australia and New Zealand. Australian Journal of Management, 29(2), 295-316 (2004).

[10]. Kökény, L., Kenesei, Z., & Neszveda, G.: Impact of COVID-19 on different business models of European airlines. Current issues in tourism, 25(3), 458-474 (2022).

Cite this article

Pan,Z. (2023). Study on the Risk and Investment Value of Listed Companies in the Aviation Industry. Advances in Economics, Management and Political Sciences,40,46-52.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

ISBN：978-1-83558-101-8(Print) / 978-1-83558-102-5(Online)
Editor：Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.40
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Carter, D. A., Rogers, D. A., & Simkins, B. J.:Hedging and value in the US airline industry. Journal of Applied Corporate Finance, 18(4), 21-33 (2006).

[2]. Wang, Z. , Hofer, C. , & Dresner, M. E.:Financial condition, safety investment and accident propensity in the us airline industry: a structural analysis. Transportation Research Part E, 49(1), 24-32 (2013).

[3]. Lee, C. H. : (2010). The Determinants of Systematic Risk Exposures of Airline Industry in East Asia.

[4]. Malighetti, P., Meoli, M., Paleari, S., & Redondi, R.:Value determinants in the aviation industry. Transportation Research Part E: Logistics and Transportation Review, 47(3), 359-370 (2011).

[5]. Abdi, Y., Li, X., & Càmara‐Turull, X.:How financial performance influences investment in sustainable development initiatives in the airline industry: The moderation role of state‐ownership. Sustainable Development, 30(5), 1252-1267 (2022).

[6]. Chee-Wooi, H., & Chyn-Hwa, L.: The determinants of systematic risk exposures of airline industry in East Asia. World Applied Sciences Journal, 10(10), 91-98 (2010).

[7]. Cunningham, L. F., Slovin, M. B., Wood, W. R., & Zaima, J. K.: Systematic risk in the deregulated airline industry. Journal of Transport Economics and Policy, 345-353 (1988).

[8]. Heracleous, L., & Wirtz, J.: Strategy and organisation at Singapore Airlines: achieving sustainable advantage through dual strategy. Energy, transport, & the environment: Addressing the sustainable mobility paradigm, 479-493 (2012).

[9]. Loudon, G. F.:Financial risk exposures in the airline industry: Evidence from Australia and New Zealand. Australian Journal of Management, 29(2), 295-316 (2004).

[10]. Kökény, L., Kenesei, Z., & Neszveda, G.: Impact of COVID-19 on different business models of European airlines. Current issues in tourism, 25(3), 458-474 (2022).

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