Management decision assessment is fundamental for the future development of the market
value of tourism and hospitality businesses. This article conducts a review of the literature on …

We provide a synthesis of four decades of empirical research regarding the reaction of
shareholders to environmental events. This literature is at the crossroads of finance …

The spread of misinformation with regards to aviation disasters continues to be a point of
concern for aviation companies. Much of this information usually surrounds speculation …

In a crisis, managers are confronted with a dilemma between their ethical responsibility to
respond to victims and their fiduciary responsibility to protect shareholder value. In this …

We analyze the stock market reaction to 161 major environmental and non-environmental
accidents, reported on the front page of the New York Times for half a century. To determine …

This paper examines the stock and accounting performance of three major airlines in the
United States in the aftermath of the September 11, 2001, terrorist attacks. September 11 …

Although quality, safety, and sustainability are important concerns in logistics, managers are
sometimes reluctant to invest in these areas because it is not always clear how such …

Purpose This paper investigates whether financial factors, which are presumed to influence
an airline's maintenance, purchasing, and training policies, are associated with the air …

To determine if institutional investors act more rationally than individual investors, we
examine the stock market price drop following 173 major industrial accidents from 1959 to …

This study analyzes the Malaysian stock market reaction in the event of the crash of AirAsia
plane on 28 December 2014. The analysis is focused on the travel and leisure industry as …