Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
The impact of the motor carrier act of 1980 on motor carrier common stock returns
Abstract Much concern has been expressed about the long-run financial viability of the motor freight carriage industry in the wake of deregulation. Most studies of the issue have focused on the prognoses of carriers and shippers. This paper investigates investors' reactions to the passage of the Motor Carrier Act of 1980. Residual analysis is employed to determine whether investors perceive a detrimental, a favorable or no significant impact upon the future financial performance of that segment of the industry which is publicly held. The findings of this investigation reveal that investors viewed the deregulation legislation as exerting no significant impact upon the sample carriers. As a result, deregulation's inpact upon the cost of equity capital should not prove a deterrent to the expansion of these firms into new markets.
The impact of the motor carrier act of 1980 on motor carrier common stock returns
Abstract Much concern has been expressed about the long-run financial viability of the motor freight carriage industry in the wake of deregulation. Most studies of the issue have focused on the prognoses of carriers and shippers. This paper investigates investors' reactions to the passage of the Motor Carrier Act of 1980. Residual analysis is employed to determine whether investors perceive a detrimental, a favorable or no significant impact upon the future financial performance of that segment of the industry which is publicly held. The findings of this investigation reveal that investors viewed the deregulation legislation as exerting no significant impact upon the sample carriers. As a result, deregulation's inpact upon the cost of equity capital should not prove a deterrent to the expansion of these firms into new markets.
The impact of the motor carrier act of 1980 on motor carrier common stock returns
Van Auken, Howard (Autor:in) / Crum, Michael R. (Autor:in)
Transportation Research Part A: General ; 19 ; 43-49
15.08.1984
7 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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