This paper investigates the effect of oligopolistic rivalry on spillovers in financial reporting. Using an event study methodology and focusing on global airlines, we find that firms experience discernable abnormal stock price reactions at the announcement of unexpected earnings by rival...

This paper provides a systematic assessment of the usefulness of earnings releases by global airlines. Utilizing a standard event study methodology, it is found that the sample as a whole does not possess significant information content. The information content of earnings is found to be related...

This article provides a synthesis of the international evidence with respect to the impact of privatization on the efficiency and performance of airports and seaports. The theoretical frameworks, particularly the arguments for potential efficiency gains from privatization are reviewed first,...