TY - JOUR
T1 - The effects of corporate governance on airline performance
T2 - Production and marketing efficiency perspectives
AU - Lu, Wen Min
AU - Wang, Wei Kang
AU - Hung, Shiu Wan
AU - Lu, En Tzu
PY - 2012/3
Y1 - 2012/3
N2 - This study explores the relationship between operating performance and corporate governance in 30 airline companies operating in the US. First, this study applies a two-stage Data Envelopment Analysis (DEA) to evaluate the production efficiency and marketing efficiency of the airlines. Our findings indicate that, in general, there is not as much dispersion in the relative productive efficiencies of the airlines as there is in their marketing efficiencies. The low-cost airlines, on average, are more efficient carriers than the full-service ones, but less efficient marketers. Secondly, truncated regression is used to explore whether the characteristics of corporate governance affect airline performance. The results demonstrate that corporate governance influences firm performance significantly. Finally, we address the managerial decision-making matrix and make suggestions to help airline managers improve performance.
AB - This study explores the relationship between operating performance and corporate governance in 30 airline companies operating in the US. First, this study applies a two-stage Data Envelopment Analysis (DEA) to evaluate the production efficiency and marketing efficiency of the airlines. Our findings indicate that, in general, there is not as much dispersion in the relative productive efficiencies of the airlines as there is in their marketing efficiencies. The low-cost airlines, on average, are more efficient carriers than the full-service ones, but less efficient marketers. Secondly, truncated regression is used to explore whether the characteristics of corporate governance affect airline performance. The results demonstrate that corporate governance influences firm performance significantly. Finally, we address the managerial decision-making matrix and make suggestions to help airline managers improve performance.
KW - Corporate governance
KW - Managerial decision-making matrix
KW - Truncated regression
KW - Two-stage Data Envelopment Analysis (DEA)
UR - http://www.scopus.com/inward/record.url?scp=83555178497&partnerID=8YFLogxK
U2 - 10.1016/j.tre.2011.09.003
DO - 10.1016/j.tre.2011.09.003
M3 - 期刊論文
AN - SCOPUS:83555178497
SN - 1366-5545
VL - 48
SP - 529
EP - 544
JO - Transportation Research Part E: Logistics and Transportation Review
JF - Transportation Research Part E: Logistics and Transportation Review
IS - 2
ER -