Asset Beta of two Indian Airports

How does the regulatory framework of an airport affect its exposure to market risk?

Client

International Air Transport Association (IATA)

Project period

2023 – 2024

Related expertise

Regulation, Valuation, Data Science

Team

Tobias Binz, Seline Spillmann, Leah Meyer de Stadelhofen

Contact

Tobias Binz, Seline Spillmann

Project Description

Swiss Economics supported the International Air Transport Association (IATA) in the calculation of the Asset Betas of two Indian Airports. Particular attention was paid to their specific regulatory environment. The results will be used by IATA in the stakeholder consultation for the next regulatory period of the Airports Economic Regulatory Authority of India.

Methods

  • Determination of the most important risk factors for Indian airports.
  • Determination of the asset beta based on a regression analysis of share prices of comparable airports

 

 

 

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