The Relationship Between Stock Market Returns and Technical Efficiency Innovations: Evidence from the US Airline Industry
Author
Abstract
Suggested Citation
DOI: 10.1023/A:1018368313411
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Henry Tulkens & Philippe Eeckaut, 2006.
"Nonparametric Efficiency, Progress and Regress Measures For Panel Data: Methodological Aspects,"
Springer Books, in: Parkash Chander & Jacques Drèze & C. Knox Lovell & Jack Mintz (ed.), Public goods, environmental externalities and fiscal competition, chapter 0, pages 395-429,
Springer.
- Tulkens, Henry & Vanden Eeckaut, Philippe, 1995. "Non-parametric efficiency, progress and regress measures for panel data: Methodological aspects," European Journal of Operational Research, Elsevier, vol. 80(3), pages 474-499, February.
- TULKENS, Henry & VANDEN EECKAUT, Philippe, 1993. "Non-Parametric Efficiency, Progress and Regress Measures for Panel Data : Methodological Aspects," LIDAM Discussion Papers CORE 1993016, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Tulkens, H. & Vanden Eeckaut, P., 1995. "Non-parametric efficiency, progress and regress measures for panel data: Methodological aspects," LIDAM Reprints CORE 1132, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Henry Tulkens & Philippe Vanden Eeckaut, 1995. "Non-parametric efficiency, progress and regress measures for panel data: Methodological aspects," Post-Print hal-03526985, HAL.
- Henry Tulkens & Philippe van den Eeckaut, 1993. "Non Parametric Efficiency, Progress and Regress Measures for Panel Data: Methodological Aspects," CESifo Working Paper Series 38, CESifo.
- Fried, Harold O. & Lovell, C. A. Knox & Schmidt, Shelton S. (ed.), 1993. "The Measurement of Productive Efficiency: Techniques and Applications," OUP Catalogue, Oxford University Press, number 9780195072181.
- Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
- Seiford, Lawrence M. & Thrall, Robert M., 1990. "Recent developments in DEA : The mathematical programming approach to frontier analysis," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 7-38.
- Kumbhakar, Subal C, 1993. "Short-Run Returns to Scale, Farm-Size, and Economic Efficiency," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 336-341, May.
- Richard E. Caves, 1992. "Industrial Efficiency in Six Nations," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031930, December.
- Cornwell, Christopher & Schmidt, Peter & Sickles, Robin C., 1990.
"Production frontiers with cross-sectional and time-series variation in efficiency levels,"
Journal of Econometrics, Elsevier, vol. 46(1-2), pages 185-200.
- Cornwell, Christopher & Schmidt, Peter & Sickles, Robin C., 1989. "Production Frontiers With Cross-Sectinal And Time-Series Variation In Efficiency Levels," Working Papers 89-18, C.V. Starr Center for Applied Economics, New York University.
- Ikenberry, David & Lakonishok, Josef, 1993. "Corporate Governance through the Proxy Contest: Evidence and Implications," The Journal of Business, University of Chicago Press, vol. 66(3), pages 405-435, July.
- Chopra, Navin & Lakonishok, Josef & Ritter, Jay R., 1992. "Measuring abnormal performance : Do stocks overreact?," Journal of Financial Economics, Elsevier, vol. 31(2), pages 235-268, April.
- Wiggins, James B., 1992. "Beta Changes around Stock Splits Revisited," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 27(4), pages 631-640, December.
- Berger, Allen N. & Humphrey, David B., 1991.
"The dominance of inefficiencies over scale and product mix economies in banking,"
Journal of Monetary Economics, Elsevier, vol. 28(1), pages 117-148, August.
- Allen N. Berger & David B. Humphrey, 1990. "The dominance of inefficiencies over scale and product mix economies in banking," Finance and Economics Discussion Series 107, Board of Governors of the Federal Reserve System (U.S.).
- Brennan, M J & Copeland, T E, 1988. " Beta Changes around Stock Splits: A Note," Journal of Finance, American Finance Association, vol. 43(4), pages 1009-1013, September.
- Sickles, Robin C., 1985. "A nonlinear multivariate error components analysis of technology and specific factor productivity growth with an application to the U.S. Airlines," Journal of Econometrics, Elsevier, vol. 27(1), pages 61-78, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bauer, Paul W. & Berger, Allen N. & Ferrier, Gary D. & Humphrey, David B., 1998.
"Consistency Conditions for Regulatory Analysis of Financial Institutions: A Comparison of Frontier Efficiency Methods,"
Journal of Economics and Business, Elsevier, vol. 50(2), pages 85-114, March.
- Paul W. Bauer & Allen N. Berger & Gary D. Ferrier & David B. Humphrey, 1997. "Consistency conditions for regulatory analysis of financial institutions: a comparison of frontier efficiency methods," Finance and Economics Discussion Series 1997-50, Board of Governors of the Federal Reserve System (U.S.).
- Paul W. Bauer & Allen N. Berger & Gary D. Ferrier & David B. Humphrey, 1997. "Consistency conditions for regulatory analysis of financial institutions: a comparison of frontier efficiency methods," Financial Services working paper 97-02, Federal Reserve Bank of Cleveland.
- Ila M. Semenick Alam & Robin C. Sickles, 1997. "Long Run Properties of Technical Efficiency in the U.S. Airline Industry," CIG Working Papers FS IV 97-25, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Luis R. Murillo‐Zamorano, 2004. "Economic Efficiency and Frontier Techniques," Journal of Economic Surveys, Wiley Blackwell, vol. 18(1), pages 33-77, February.
- Berger, Allen N. & Humphrey, David B., 1997.
"Efficiency of financial institutions: International survey and directions for future research,"
European Journal of Operational Research, Elsevier, vol. 98(2), pages 175-212, April.
- Allen N. Berger & David B. Humphrey, 1997. "Efficiency of Financial Institutions: International Survey and Directions for Future Research," Center for Financial Institutions Working Papers 97-05, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Allen N. Berger & David B. Humphrey, 1997. "Efficiency of financial institutions: international survey and directions for future research," Finance and Economics Discussion Series 1997-11, Board of Governors of the Federal Reserve System (U.S.).
- Cullinane, Kevin & Ji, Ping & Wang, Teng-fei, 2005. "The relationship between privatization and DEA estimates of efficiency in the container port industry," Journal of Economics and Business, Elsevier, vol. 57(5), pages 433-462.
- Haslem, John A. & Scheraga, Carl A. & Bedingfield, James P., 1999. "DEA efficiency profiles of U.S. banks operating internationally," International Review of Economics & Finance, Elsevier, vol. 8(2), pages 165-182, June.
- Cullinane, Kevin & Wang, Teng-Fei, 2006. "Chapter 23 Data Envelopment Analysis (DEA) and Improving Container Port Efficiency," Research in Transportation Economics, Elsevier, vol. 17(1), pages 517-566, January.
- Dairo Estrada & Poldy Osorio, 2004.
"Effects of Financial Capital on Colombian Banking Efficiency,"
Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 22(47), pages 162-201, December.
- Dairo Estrada & Poldy Osorio, 2004. "Effects Of Financial Capital On Colombian Banking Efficiency," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 22(47), pages 162-201, December.
- Dairo Estrada & Poldy Osorio, 2004. "Effects of Financial Capital on Colombian Banking Efficiency," Borradores de Economia 292, Banco de la Republica de Colombia.
- Dairo Estrada & Poldy Osorio, 2004. "Effects Of Financial Capital On Colombian Banking Efficiency," Borradores de Economia 2432, Banco de la Republica.
- Ralston, Deborah & Wright, April & Garden, Kaylee, 2001. "Can mergers ensure the survival of credit unions in the third millennium?," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2277-2304, December.
- Fedderke, Johannes W., 2018. "Exploring unbalanced growth: Understanding the sectoral structure of the South African economy," Economic Modelling, Elsevier, vol. 72(C), pages 177-189.
- Luis R. Murillo-Zamorano & Juan Vega-Cervera, "undated". "The Use of Parametric and Non Parametric Frontier Methods to Measure the Productive Efficiency in the Industrial Sector. A Comparative Study," Discussion Papers 00/17, Department of Economics, University of York.
- David Hauner, 2005. "Explaining efficiency differences among large German and Austrian banks," Applied Economics, Taylor & Francis Journals, vol. 37(9), pages 969-980.
- Ahmad, Munir & Boris E., Bravo-Ureta, 1996. "Technical efficiency measures for dairy farms using panel data: a comparison of alternative model specifications," MPRA Paper 37703, University Library of Munich, Germany.
- Pedro Antonio Martín-Cervantes & María del Carmen Valls Martínez, 2023. "Unraveling the relationship between betas and ESG scores through the Random Forests methodology," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-29, September.
- Triantis, Konstantinos & Otis, Paul, 2004. "Dominance-based measurement of productive and environmental performance for manufacturing," European Journal of Operational Research, Elsevier, vol. 154(2), pages 447-464, April.
- De Luca Cardillo, Dorotea & Fortuna, Tiziana, 2000. "A DEA model for the efficiency evaluation of nondominated paths on a road network," European Journal of Operational Research, Elsevier, vol. 121(3), pages 549-558, March.
- A. M. Theodoridis & A. Psychoudakis, 2008. "Efficiency Measurement in Greek Dairy Farms: Stochastic Frontier vs. Data Envelopment Analysis," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 1(2), pages 53-67, December.
- Maria Francesca Cracolici & Peter Nijkamp & Miranda Cuffaro, 2007.
"Efficiency and Productivity of Italian Tourist Destinations: A Quantitative Estimation Based on Data Envelopment Analysis and the Malmquist Method,"
Springer Books, in: Álvaro Matias & Peter Nijkamp & Paulo Neto (ed.), Advances in Modern Tourism Research, chapter 0, pages 325-343,
Springer.
- Maria Francesca Cracolici & Peter Nijkamp, 2006. "Efficiency and Productivity of Italian Tourist Destinations: A Quantitative Estimation based on Data Envelopment Analysis and the Malmquist Method," Tinbergen Institute Discussion Papers 06-096/3, Tinbergen Institute.
- C. Lovell & Shawna Grosskopf & Eduardo Ley & Jesús Pastor & Diego Prior & Philippe Eeckaut, 1994.
"Linear programming approaches to the measurement and analysis of productive efficiency,"
TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 2(2), pages 175-248, December.
- Lovell, C.A.K., 1993. "Linear Programming Approaches to the Measurement and Analysis of Productive Efficiency," Papers 393e, Georgia - College of Business Administration, Department of Economics.
- Iveta Palečková, 2015. "Banking efficiency in the Czech Republic and Slovakia using the DEA Window Analysis," Working Papers 0012, Silesian University, School of Business Administration.
More about this item
Keywords
panel data; productivity; technical efficiency; stock market performance; airline industry;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jproda:v:9:y:1998:i:1:p:35-51. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.