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Keywords = airline ownership

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14 pages, 12625 KB  
Article
The Effect of COVID-Related EU State Aid on the Level Playing Field for Airlines
by Luis Martín-Domingo and Juan Carlos Martín
Sustainability 2022, 14(4), 2368; https://doi.org/10.3390/su14042368 - 18 Feb 2022
Cited by 13 | Viewed by 7570
Abstract
State aid for airlines around the world has been a common practice during the COVID-19 pandemic, as the air transport was one of the sectors most heavily affected. This study analyzes 27 cases of state aid to EU airlines between 1 March 2020 [...] Read more.
State aid for airlines around the world has been a common practice during the COVID-19 pandemic, as the air transport was one of the sectors most heavily affected. This study analyzes 27 cases of state aid to EU airlines between 1 March 2020 and 30 September 2021 with a total amount of €31 billion. The information was obtained from the area of competition of the European Commission (EC), which is the entity responsible for final approval. Results indicate that the largest EU economies (Germany and France), as well as some Northern European countries, are supporting national airlines more extensively. Airlines with a weaker financial performance before the pandemic were more likely to receive state aid. Government involvement in the airline industry during the recent health crisis will have an important influence on the level playing field (LPF) for airlines. It is still unclear how this will evolve in the future, but it seems that some airlines now resemble the public flag companies of the past. Full article
(This article belongs to the Special Issue Transport Infrastructures and Inbound Tourist Mobility)
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12 pages, 284 KB  
Article
Airline Chief Executive Officer and Corporate Social Responsibility
by Luo Jing and Joonho Moon
Sustainability 2021, 13(15), 8599; https://doi.org/10.3390/su13158599 - 2 Aug 2021
Cited by 8 | Viewed by 4121
Abstract
The aim of this research is to explore the determinants of airline CSR. Stakeholder theory is the theoretical underpinning. Chief executive officers (CEOs) are the research target, which is theoretically underpinned by upper echelon theory. For data collection, this study used data from [...] Read more.
The aim of this research is to explore the determinants of airline CSR. Stakeholder theory is the theoretical underpinning. Chief executive officers (CEOs) are the research target, which is theoretically underpinned by upper echelon theory. For data collection, this study used data from COMPUSTAT, EXECUCOMP, KLD MSCI, LinkedIn, and the Bureau of Economic Analysis. Standard industry classification code 4512 was employed to obtain information on airline companies. Moreover, the number of observations was 154, the number of firms was 15, and the study period was 1999–2016. CSR domains include employment, the environment, and the product. The explanatory attributes are the CEO’s age, tenure, education, share ownership, stock option, and duality. Ordinary least squares and feasible generalized least squares regression analyses were executed for hypothesis testing. Regarding the results, employment CSR was positively affected by CEO age. This study found an inverted U-shaped relationship between CEO tenure and environmental CSR. Environmental CSR was also negatively influenced by stock options. Product CSR was positively associated with CEO age, whereas it was negatively associated with CEO duality. Full article
(This article belongs to the Section Tourism, Culture, and Heritage)
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