Southville International School and Colleges

Threat of entry and debt maturity: Evidence from airlines/ by Parise, Gianpaolo (Record no. 361332)

000 -LEADER
fixed length control field 01225nam a22001817a 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 190311b xxu||||| |||| 00| 0 eng d
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0304-405X
245 ## - TITLE STATEMENT
Title Threat of entry and debt maturity: Evidence from airlines/ by Parise, Gianpaolo
Statement of responsibility, etc Parise, Gianpaolo
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Amsterdam
Name of publisher, distributor, etc Elsevier
Date of publication, distribution, etc February 2018
300 ## - PHYSICAL DESCRIPTION
Extent Pages 226-247
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Title Journal of Financial Economics
Volume number/sequential designation 127 (2)
International Standard Serial Number 0304-405X
500 ## - GENERAL NOTE
General note Abstract
I explore the effect of the threat posed by low-cost competitors on debt structure in the airline industry. I use the route network expansion of low-cost airlines to identify routes where the probability of future entry increases dramatically. I find that when a large portion of their market is threatened, incumbents significantly increase debt maturity before entry occurs. Overall, the main findings suggest that airlines respond to entry threats trading off the benefits of short-term financing for lower rollover risk. The results are consistent with models in which firms set their optimal debt structure in the presence of costly rollover failure.
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Competition
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Debt maturity
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Rollover risk
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Threat of entry
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Item type Periodicals
Holdings
Date last seen Lost status Koha item type Date acquired Permanent location Withdrawn status Price effective from Source of classification or shelving scheme Current location Damaged status Shelving location
2019-03-11 Periodicals2019-03-11College Library 2019-03-11 College Library Periodical Section
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