کد مقاله کد نشریه سال انتشار مقاله انگلیسی ترجمه فارسی نسخه تمام متن
1009216 938838 2016 4 صفحه PDF ندارد دانلود رایگان
عنوان انگلیسی مقاله
A quantile regression analysis of tourism market growth effect on the hotel industry
ترجمه فارسی عنوان
تجزیه و تحلیل رگرسیون چندک اثر رشد بازار گردشگری در صنعت هتل
کلمات کلیدی
بازار گردشگری ورودی؛ فروش؛ عملکرد مالی؛ رگرسیون چندک، صنعت هتل
Inbound tourism market; Sales; Financial performance; Quantile regression; Hotel industry
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
چکیده انگلیسی

This study used the quantile regression method to investigate how inbound tourism market growth proxied by the growth rate of total foreign tourist arrivals (GTA) affects the growth rate of sales (GS) and financial performance of hotel firms in Taiwan. The ordinary least squares estimation results of panel regression test revealed that GTA significantly affects GS, but has no significant effect on financial performance (proxied by hotel equity return). However, quantile regression tests revealed new and interesting results. GTA has a significant effect on GS at the different quantiles of GS. In comparison, although hotel equity return was not significantly related to GTA at the median and high quantiles, the effect of GTA on hotel equity return was statistically significant at the low quantiles. These results suggest that the effect of GTA on hotel equity return is asymmetric and state-dependent, conditional on the distributions of hotel equity return. The study further identified that GTA has a significant influence only on equity returns of hotels with a small size.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Hospitality Management - Volume 52, January 2016, Pages 117–120
نویسندگان
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