Loudon, Geoffrey F. - In: Australian Journal of Management 29 (2004) 2, pp. 295-316
estimates the exposure to these risks within the airline industry of Australia and New Zealand, using both linear and non …-linear specifications, for a variety of horizon lengths. Evidence for exposure, both symmetric and asymmetric, tends to strengthen as the … return horizon is lengthened. Exposure to these financial risks is largely unchanged by the terrorist attacks and the …