Airline Financial Efficiency
Author(s)
H. M. P. Capobianco, E. Fernandes & A. M. Cister
Abstract
This paper analyses the financial efficiency of airline companies by using third
party capital to their financial returns and assets turnover. A previous work has
determined three financial leverage intervals, classifying companies as great,
fuzzy and bad, regarding their debt condition. A determinist model (Data
Envelopment Analysis) to minimize indebtedness for a given return on assets,
return on equity and assets turnover was the first step to rank companies. This
technique resulted in a large fuzzy financial leverage interval for many
companies. The use of two different non-deterministic methodologies, which
were: neural network and decision tree, helped reduced this fuzzy area, allowing
enhanced classification of companies. By combining a set of techniques, this
study demonstrated how to reduce the number of company observations
classified in the fuzzy area by nearly
Keywords
Related Book
Other papers in this volume
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