The performance of Asian airlines in the recent financial turmoil based on VaR and modified Sharpe ratio

Stock performance evaluation is an important subject widely studied for both theoretical and practical purposes. It is particularly relevant for the highly cyclical airline industry now in a financial crisis. Here it is shown that the use of conventional performance measures, such as the Sharpe ratio, could seriously mislead investors regarding stock performances of airline companies.

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Year of publication:	2008
Authors:	Chuang, I-Yuan ; Chiu, Yen-Chen ; Edward Wang, C.
Published in:	Journal of Air Transport Management. - Elsevier, ISSN 0969-6997. - Vol. 14.2008, 5, p. 257-262
Publisher:	Elsevier
Subject:	Airlines \| Asian financial crisis \| Employee stock ownership plans \| Modified Sharpe ratio \| Value at risk

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010688231