دانلود رایگان مقاله اثر استراتژی asset-light برای بهره وری پویای خطوط هوایی جهانی

abstract

This study analyses the effect of asset-light strategy on the dynamic efficiency of global airlines from 2008 to 2013. First, a dynamic data envelopment analysis is employed to estimate the dynamic efficiency of global airlines. Second, the degree of asset-lightness is computed by combining the concepts of the DuPont equation and financial ratios. Third, a multivariate analysis is performed to analyze the association between asset-light strategy and dynamic efficiency. The findings show that asset-light strategy significantly enables global airlines to have better corporate performance. Overall, this study suggests that global airlines should efficiently manage and allocate their light resources to sustain challenges in the dynamic global airline industry.

5. Conclusion

Prior studies have examined the impact of the asset-light strategy on firm performance, with positive, negative, or inconclusive results being found. This study investigates the association between the degree of asset-lightness and the dynamic efficiency of global airlines. With respect to dynamic efficiency, we adopt the longitudinal view of the production process to assess the dynamic efficiency of global airlines, considering carry-overs that are carried from one term to another. As for the asset-light valuation model, we apply the approach as identified in (Liou, 2011). The DEA outcomes show that airlines were not efficient in utilizing their inputs to generate outputs, especially during financial crises. The regression results support our prediction that the degree of asset-lightness positively affects dynamic efficiency. By outsourcing, a firm is able to reduce its capital investment in a number of tangible assets and thereby increase both ROA and ROE.