The Impact of ESG Criteria on Firm Value: A Strategic Analysis of the Airline Industry

Sustainability, Journal Year: 2024, Volume and Issue: 16(19), P. 8300 - 8300

Published: Sept. 24, 2024

Environmental, social, and governance (ESG) factors are crucial in evaluating a company’s value. High ESG scores reflect ethical practices, social responsibility, effective governance. This paper examines the impact of criteria on firm value within airline industry, focusing their influence operational efficiency, risk reduction, financial performance. Using panel data analysis, study evaluates from 32 companies over period 2018–2023, with an explanatory power 36.5%. The research explores how integrating environmental, into strategic management can foster sustainable competitive advantage. It focuses utilizing internal resources, meeting needs various interested parties, balancing financial, environmental findings indicate that while practices enhance through improved efficiency management, they do not always lead to higher short-term Moreover, underscores significance where robust structures mitigate risks but may also increase costs. contributes literature by providing empirical evidence link between performance emphasizing importance principles for long-term sustainability success.

Language: Английский

Assessing the Pandemic Aviation Crisis: Speculative Behavior, Government Bail Outs, and Accommodative Monetary Policy

Economies, Journal Year: 2024, Volume and Issue: 12(10), P. 258 - 258

Published: Sept. 24, 2024

The COVID-19 pandemic was a health, economic, and financial crisis. aviation sector one of the most severely hit. Despite extensive literature on this, COVID-Finance has been focused stock returns, neglecting what could be learnt from spreads airlines’ credit default swaps (CDSs). This would seem utmost importance, given epicenter crisis within market. In this paper, an in-depth analysis CDS is conducted. It found that they were hit, for all airlines studied. However, results PSY test showed speculative trading led surge, as explosive roots in these firms. dramatic increase contributed to already high borrowing costs airlines. Our suggest bail outs have helped mitigate spreads’ explosiveness. Monetary policy measures also limited, albeit indirectly, funding risk posed by government outs. By end March 2021, no longer explosive, approaching, at highly heterogeneous paces, their pre-pandemic values. Notwithstanding, prices notably resistant recovery.

Language: Английский

Air Carriers’ Innovative Competitive Strategies as Part of The Hybridization of Business Models

Transportation research procedia, Journal Year: 2024, Volume and Issue: 81, P. 58 - 66

Published: Jan. 1, 2024

Language: Английский