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.
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- Abstract reprinted with permission from Elsevier.
- Alves, Carlos F
- Barbot, Cristina
- Publication Date: 2007-3
- Media Type: Print
- Features: References; Tables;
- Pagination: pp 116-120
- Journal of Air Transport Management
- Volume: 13
- Issue Number: 2
- Publisher: Elsevier
- ISSN: 0969-6997
- Serial URL: http://www.sciencedirect.com/science/journal/09696997
- TRT Terms: Air transportation; Airlines; Businesses; Civil aviation; Costs; Full service carriers; Governance; Low cost carriers; Passengers
- Uncontrolled Terms: Differences; Models
- Subject Areas: Aviation; Economics; Finance; Passenger Transportation;
- Accession Number: 01046892
- Record Type: Publication
- Files: TRIS
- Created Date: Apr 18 2007 5:33PM