Short Communication: Do Low Cost Carriers Have Different Corporate Governance Models?

In this paper, the authors investigate whether different business models in the same industry (passenger air transportation) lead to different corporate governance models. They found that low-cost carriers organise their boards differently from full service carriers to achieve lower costs and a faster decision-making process that is required by their business model. The authors also found that low-cost carriers and full service carriers solve their potential agency cost problems differently and that full service carriers have more board monitoring committees, and low-cost carriers have a closer coincidence of interests between shareholders and executive directors.

  • Availability:
  • Supplemental Notes:
    • Abstract reprinted with permission from Elsevier.
  • Authors:
    • Alves, Carlos F
    • Barbot, Cristina
  • Publication Date: 2007-3


  • English

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Filing Info

  • Accession Number: 01046892
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 18 2007 5:33PM