Financial Determinants Affecting Leasing Policies: Empirical Evidence From the Airline Industry

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Author(s): Kasım Kiracı (Iskenderun Technical University, Turkey)
Copyright: 2020
Pages: 24
Source title: Applied Econometric Analysis: Emerging Research and Opportunities
Source Author(s)/Editor(s): Brian W. Sloboda (University of Maryland Global Campus, USA)and Yaya Sissoko (Indiana University of Pennsylvania, USA)
DOI: 10.4018/978-1-7998-1093-3.ch009

Keywords: Accounting & Finance / Business & Management / Business Science Reference / Economics and Economic Theory

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Abstract

Airline companies have started to develop strategies to increase their market share and expand their network structure with the effect of globalization. In this process, one of the most important sources of airline companies to achieve competitive advantage is aircraft. Airline companies have to increase the number of aircraft in the fleet to expand their network structure. On the other hand, the high price of aircraft has led airline companies to adopt new financing strategies. Leasing is one of the financing methods used frequently by airline companies recently. Therefore, this study focuses on the leasing policies of airline companies. In this study, it is aimed to reveal the factors affecting the leasing policies of airline companies. In this context, 26 airlines operating in the period 2000-2017 were analyzed empirically. Panel data analysis was used as the method in the study. The empirical findings of the study indicate that return on assets, asset structure, tangibility, leverage ratio, and liquidity affects the leasing policies of airline companies.

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Financial Determinants Affecting Leasing Policies: Empirical Evidence From the Airline Industry

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