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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

Oil exposure, hedging and firm value : A quantitative study on the U.S. airline industry

Bigdeli, Sam, Marcusson, Petra January 2018 (has links)
This thesis examines the impact of oil price fluctuations and jet fuel hedging on firm value before, during and after the subprime crisis. Four regressions are estimated with two different variables representing firm value; market return and market valuation. The result of this study shows that the airlines’ oil price exposure has substantially decreased over time and that jet fuel hedging does not add value for investors.

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