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Can I read Market Definition of Long Distance Transportation Market in Japan: An Event Study Approach on EtoBox?
Market Definition of Long Distance Transportation Market in Japan: An Event Study Approach by Tomomichi Mizuno and Kunihiro Hanabusa is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Market Definition of Long Distance Transportation Market in Japan: An Event Study Approach about?
After the September 11 th attacks, passengers avoided air travel. Hence, companies competing with air carriers may have benefited from the terrorist attacks. Using the market model with a dummy variable and generalized autoregressive conditional heteroskedasticity (GARCH) for an event study, we examine the impact of the attacks on Japanese airline and high-speed railway industries. We show that terrorist attacks negatively impacted the stock prices of the airline industry but increased those of the high-speed railway industry. Thus, because of the competition between air carriers and railway companies, terrorist attacks benefited the high-speed railway industry. We conclude that the Japanese transportation market can be defined as a market containing both air carriers and railway companies.
Who reads Market Definition of Long Distance Transportation Market in Japan: An Event Study Approach?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Tomomichi Mizuno and Kunihiro Hanabusa
- Publisher
- Walter de Gruyter GmbH
- Published
- 2011
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)