The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance
There are two key objectives to this research. Firstly, it seeks to illustrate through four case studies how full-service carriers and low-cost carriers capitalise on their value drivers to strengthen firm performance. The subsequent objective is to explore the relationship between the capital struc...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2013
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| Online Access: | https://eprints.nottingham.ac.uk/26338/ |
| _version_ | 1848793160163000320 |
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| author | Arulampalam, Jeeva |
| author_facet | Arulampalam, Jeeva |
| author_sort | Arulampalam, Jeeva |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | There are two key objectives to this research. Firstly, it seeks to illustrate through four case studies how full-service carriers and low-cost carriers capitalise on their value drivers to strengthen firm performance. The subsequent objective is to explore the relationship between the capital structure and performance of airline companies. Based on a sample of 52 airlines spread throughout the globe, a correlation analysis was carried out using performance measures [return on equity (ROE), return on assets (ROA), and return on invested capital (ROIC)] and capital structure measures [debt ratio, debt-to-equity (D/E), long-term debt over total assets (LTDA) and Short-term debt over total assets (STDA)]. The results showed that there is a negative relationship between capital structure and firm‟s performance. However, the only significantly negative relationships exist between debt ratio, LTDA and STDA with dependent variable ROIC. The other significantly negative relationship is between debt ratio and ROA. |
| first_indexed | 2025-11-14T18:55:53Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-26338 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:55:53Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-263382017-10-19T14:18:03Z https://eprints.nottingham.ac.uk/26338/ The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance Arulampalam, Jeeva There are two key objectives to this research. Firstly, it seeks to illustrate through four case studies how full-service carriers and low-cost carriers capitalise on their value drivers to strengthen firm performance. The subsequent objective is to explore the relationship between the capital structure and performance of airline companies. Based on a sample of 52 airlines spread throughout the globe, a correlation analysis was carried out using performance measures [return on equity (ROE), return on assets (ROA), and return on invested capital (ROIC)] and capital structure measures [debt ratio, debt-to-equity (D/E), long-term debt over total assets (LTDA) and Short-term debt over total assets (STDA)]. The results showed that there is a negative relationship between capital structure and firm‟s performance. However, the only significantly negative relationships exist between debt ratio, LTDA and STDA with dependent variable ROIC. The other significantly negative relationship is between debt ratio and ROA. 2013 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/26338/1/JeevaArulampalam.pdf Arulampalam, Jeeva (2013) The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Arulampalam, Jeeva The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance |
| title | The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance |
| title_full | The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance |
| title_fullStr | The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance |
| title_full_unstemmed | The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance |
| title_short | The Airline Industry: A Review of its Value Drivers and the Correlation between Capital Structure and Firm Performance |
| title_sort | airline industry: a review of its value drivers and the correlation between capital structure and firm performance |
| url | https://eprints.nottingham.ac.uk/26338/ |