Corporate governance mechanisms and performance in air management companies: A fsQCA approach

Giovanni Ossola, Guido Giovando, Chiara Crovini*

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review


This article examines the role of governance mechanisms and economic variables in financial performance of air management companies in Italy. The research draws on corporate governance theory, stakeholder theory, and performance analysis in the airport industry. Fuzzy-set qualitative comparative analysis (QCA) was used to analyze a sample of Italian air management companies. Data were extracted from AIDA database, public reports, and corporate governance documents. Results confirm that different combinations of governance mechanisms, number of passengers, and number of employees can yield similar financial performance. This research also identifies the most significant items that can impact the financial performance, and the relationships among governance mechanisms, and financial performance of those companies.

Original languageEnglish
JournalTourism Analysis
Issue number3
Pages (from-to)355-366
Number of pages12
Publication statusPublished - 2019
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2019 Cognizant, LLC.


  • Air management companies
  • Corporate governance
  • Financial performance
  • Fuzzy-set qualitative comparative analysis (QCA)
  • Low-cost transport


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