Articles producció científica> Gestió d'Empreses

Firm value in the airline industry: perspectives on the impact of sustainability and Covid-19

  • Identification data

    Identifier: imarina:9321798
  • Authors:

    Abdi, Y
    Li, XN
    Càmara-Turull, X
  • Others:

    Author, as appears in the article.: Abdi, Y; Li, XN; Càmara-Turull, X
    Department: Gestió d'Empreses
    URV's Author/s: Abdi, Yaghoub / Càmara Turull, Xavier / Li, Xiaoni
    Keywords: Willingness-to-pay neural-networks low-cost jet fuel high-speed rail full-service financial-markets customer satisfaction corporate social-responsibility air transport
    Abstract: To date, there has been limited research undertaken into firm value determinants in the air transport industry, one of the most essential sectors for global business. In view of this, in this study, we review and synthesise the literature that focuses on the value of firms in this sector and discuss conceptually and empirically the determinants influencing airlines’ stock values. Our main objective is to widen our understanding of the current state of research on the firm value of air transport companies. Using the systematic literature review (SLR) approach, we classify 173 papers published from 1984 to 2021. We find considerable changes in academic interest in the topic over the time period analysed, especially as a consequence of crisis-induced market crashes. In addition, we classify the main research themes relating to airlines’ market value, identify gaps, and introduce potential future research avenues in this area. Among the themes identified, the adjustment in the industry-level factors such as alliances, market structure and competition were the most common source of fluctuations in airlines’ stock value. However, we find shifting to sustainability initiatives and its consequence for stakeholders’ value as one of the most discussed topics in this context. The trend has gained attention since early 2020 due to the emergence of the Covid-19 pandemic as companies are looking for green and sustainable ways to protect the value in crisis time. Our findings assist transportation researchers and executives in addressing major value drivers of airline firms.
    Thematic Areas: Social sciences, interdisciplinary Social sciences (miscellaneous) Social sciences (all) Psychology (miscellaneous) Psychology (all) Humanities, multidisciplinary Economics, econometrics and finance (miscellaneous) Economics, econometrics and finance (all) Business, management and accounting (miscellaneous) Business, management and accounting (all) Arts and humanities (miscellaneous) Arts and humanities (all)
    licence for use: https://creativecommons.org/licenses/by/3.0/es/
    Author's mail: yaghoub.abdi@estudiants.urv.cat yaghoub.abdi@estudiants.urv.cat xiaoni.li@urv.cat xavier.camara@urv.cat xavier.camara@urv.cat
    Author identifier: 0000-0002-7551-3068 0000-0002-7551-3068 0000-0002-4047-4046 0000-0001-7018-080X 0000-0001-7018-080X
    Record's date: 2024-07-20
    Papper version: info:eu-repo/semantics/publishedVersion
    Licence document URL: http://repositori.urv.cat/ca/proteccio-de-dades/
    Papper original source: Humanities & Social Sciences Communications. 10 (1):
    APA: Abdi, Y; Li, XN; Càmara-Turull, X (2023). Firm value in the airline industry: perspectives on the impact of sustainability and Covid-19. Humanities & Social Sciences Communications, 10(1), -. DOI: 10.1057/s41599-023-01644-8
    Article's DOI: 10.1057/s41599-023-01644-8
    Entity: Universitat Rovira i Virgili
    Journal publication year: 2023
    Publication Type: Journal Publications
  • Keywords:

    Arts and Humanities (Miscellaneous),Business, Management and Accounting (Miscellaneous),Economics, Econometrics and Finance (Miscellaneous),Humanities, Multidisciplinary,Psychology (Miscellaneous),Social Sciences (Miscellaneous),Social Sciences, Interdisciplinary
    Willingness-to-pay
    neural-networks
    low-cost
    jet fuel
    high-speed rail
    full-service
    financial-markets
    customer satisfaction
    corporate social-responsibility
    air transport
    Social sciences, interdisciplinary
    Social sciences (miscellaneous)
    Social sciences (all)
    Psychology (miscellaneous)
    Psychology (all)
    Humanities, multidisciplinary
    Economics, econometrics and finance (miscellaneous)
    Economics, econometrics and finance (all)
    Business, management and accounting (miscellaneous)
    Business, management and accounting (all)
    Arts and humanities (miscellaneous)
    Arts and humanities (all)
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