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2006

University of Massachusetts Amherst

Journal of Hospitality Financial Management

Articles 1 - 5 of 5

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Recent Trends In Lodging And Casino Firms, Atul Sheel Jan 2006

Recent Trends In Lodging And Casino Firms, Atul Sheel

Journal of Hospitality Financial Management

No abstract provided.


A Critical Review Of The Environmental Forces Shaping And Transforming The Indian Lodging Industry, A. J. Singh Jan 2006

A Critical Review Of The Environmental Forces Shaping And Transforming The Indian Lodging Industry, A. J. Singh

Journal of Hospitality Financial Management

No abstract provided.


Financial Management For The Hospitality Industry By William P. Andrew, James W. Damiato, And Raymond S. Schmidgall, Basak Denizci Jan 2006

Financial Management For The Hospitality Industry By William P. Andrew, James W. Damiato, And Raymond S. Schmidgall, Basak Denizci

Journal of Hospitality Financial Management

No abstract provided.


An Examination Of Intellectual Capital In The Accommodation Sector Of Antalya Region, Turkey, Volkan Altintaş, Nilüfer Teti̇k, Burcu Demi̇rel Utku Jan 2006

An Examination Of Intellectual Capital In The Accommodation Sector Of Antalya Region, Turkey, Volkan Altintaş, Nilüfer Teti̇k, Burcu Demi̇rel Utku

Journal of Hospitality Financial Management

This study uses survey research to examine the nature and role of intellectual capital in the lodging or accommodation sector of the Antalya Region, Turkey. At the onset, The concept of intellectual capital is discussed in detail. Thereafter, survey research data from 5-star hotels and first class holiday villages in Antalya, a region that hosts over 30% of Turkey’s lodging firms, were examined. As such the nature and importance of intellectual capital for wealth creation in the lodging or accommodation sector is better understood.


The Long-Run Equilibrium Relationship Between Economic Activity And Hotel Stock Prices, Ming-Hsiang Chen, Woo Gon Kim Jan 2006

The Long-Run Equilibrium Relationship Between Economic Activity And Hotel Stock Prices, Ming-Hsiang Chen, Woo Gon Kim

Journal of Hospitality Financial Management

This study examines a long-run equilibrium relationship between economic activity and hotel stock prices. A hotel stock return model is formulated with the error correction term based on the results of the cointegration analysis. The model shows that changes in industrial production, changes in money supply and the error correction term are significant influences on hotel stock returns. The negative sign of the error correction term indicates that although the cointegrating relationship experiences the short-run deviations, the system tends to revert to the equilibrium relationship. This study highlights the importance of including the error correction term into a stock return …