scholarly journals COVID-19 and restaurant demand: early effects of the pandemic and stay-at-home orders

2020 ◽  
Vol 13 (12) ◽  
pp. 3809-3834
Author(s):  
Yang Yang ◽  
Hongbo Liu ◽  
Xiang Chen
Keyword(s):  
Data Model ◽  
Political Ideology ◽  
Fixed Effects ◽  
Design Methodology ◽  
Traffic Data ◽  
Content Type ◽  
Managerial Strategies ◽  
Early Effects ◽  
Practical Implications ◽  
At Home

Purpose This paper aims to evaluate the early effects of the pandemic of coronavirus disease 2019 (COVID-19) and accompanying stay-at-home orders on restaurant demand in US counties. Design/methodology/approach The following two sets of daily restaurant demand data were collected for each US county: foot traffic data and card transaction data. A two-way fixed-effects panel data model was used to estimate daily restaurant demand from February 1 to April 30, 2020. Findings Results show that a 1% increase in daily new COVID-19 cases led to a 0.0556% decrease in daily restaurant demand, while stay-at-home orders were collectively associated with a 3.25% drop in demand. The extent of these declines varied across counties; ethnicity, political ideology, eat-in habits and restaurant diversity were found to moderate the effects of the COVID-19 pandemic and stay-at-home orders. Practical implications These results characterize the regional restaurant industry’s resilience to COVID-19 and identify particularly vulnerable areas that may require pubic policies and managerial strategies for intervention. Originality/value This study represents a pioneering attempt to investigate the economic impact of COVID-19 on restaurant businesses.

“Stay at home” for addressing COVID-19 protocol: learning from the traditional Balinese house

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
I Dewa Gede Agung Diasana Putra
Keyword(s):  
Food Production ◽  
Design Methodology ◽  
Daily Life ◽  
Complete Protection ◽  
Open Spaces ◽  
Content Type ◽  
Staying At Home ◽  
Practical Implications ◽  
Modern Technologies ◽  
At Home

PurposeCOVID-19 caused dramatic changes in daily life, including the way people stay in a building. Since the virus's outbreak and the mandate of social distancing from WHO, a house has become an essential place for people to avoid the propagation of the virus. However, recent house configurations cannot satisfy people's needs when staying at home and have not provided complete protection from viruses. Therefore, architects are expected to create new configurations. In order to establish a new trend, this paper aimed to explore the ability of the traditional architectural concepts that discuss the efforts to produce suitable configurations.Design/methodology/approachTo investigate to what extent the traditional Balinese concepts are still relevant to counter infectious diseases, architectural examinations and spatial stories were used as a method of investigations.FindingsThis paper found that certain traditional knowledge elements are still relevant to produce suitable configurations to deal with possible virus attacks and introduce more security layers to the house.Research limitations/implicationsLearning from the COVID-19 pandemic, this paper provides a view of traditional concepts that are now still applicable to modifications and adaptations.Practical implicationsIn these modifications, the traditional hierarchy of entering the house and the function of open spaces for food production are traditional elements that address the protocol to face the virus.Social implicationsLocal knowledge has given good things as a precious heritage from the Balinese communities' ancestors to face this new challenge.Originality/valueThis pandemic has taught architects to combine modern technologies with local wisdom as an approach to develop innovative antivirus designs.

Everest sales staff learn at home-from-home

2015 ◽  
Vol 23 (4) ◽  
pp. 5-7
Keyword(s):  
Design Methodology ◽  
Training Center ◽  
Content Type ◽  
Home Improvement ◽  
Novel Design ◽  
Practical Implications ◽  
Sales Staff ◽  
At Home

Purpose – Describes how a home-improvement company that seeks to “rewrite the rule book in its sector” has opened a dedicated training center whose design replicates customers’ homes where most of its sales take place. Design/methodology/approach – Explains the reasons for the Everest Training Academy, the form it takes and the results it is helping to achieve. Findings – Reveals that the idea behind the training academy is to help the company’s sales people to feel comfortable about selling in people’s homes and to showcase other products than simply windows and doors. Practical implications – Explains that the academy is designed to ensure that staff are respected for their knowledge and professionalism, and feel good about themselves and the position they hold at Everest. Originality/value – Describes a novel design of training academy.

How the peer-to-peer market for tourist accommodation has responded to COVID-19

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Beatriz Benítez-Aurioles
Keyword(s):  
Panel Data ◽  
Fixed Effects ◽  
Design Methodology ◽  
Peer To Peer ◽  
Content Type ◽  
Public Managers ◽  
Before And After ◽  
Tourist Accommodation ◽  
The Impact ◽  
Practical Implications

Purpose This study aims to analyze the COVID-19 pandemic’s impact on the peer-to-peer (p2p) market for tourist accommodation. Design/methodology/approach Using monthly panel data from Airbnb listings in 22 cities worldwide, the authors run a differences-in-differences analysis comparing the period of February–October 2020 to the previous year. Findings Besides a decline in accommodation supply, the pandemic made prices and demand fall in all cities significantly, after controlling for room characteristics, host traits, booking policies and individual fixed effects. There is also evidence of an alteration of the influence on prices of certain variables such as superhost and instant booking. Research limitations/implications The main limitations are related to the reference spatial and temporal environment. Besides, the samples are limited to listings that stayed before and after the pandemic; therefore, it is possible that the real effect on review growth and/or prices is actually more negative. Practical implications The analysis performed shows a scenario that represents an opportunity for public managers to test more imaginative regulations that overcome the limitations of those implemented so far. Likewise, hosts who aspire to make their accommodations profitable must adapt to the conditions imposed by the economic environment of the cities in which they operate. Originality/value This is the first study to econometrically estimate the impact of COVID-19 on prices in the p2p market for tourist accommodation in a set of cities worldwide.

Analysts’ optimism and stock crash risk

2019 ◽  
Vol 46 (3) ◽  
pp. 323-343
Author(s):  
Hyunkwon Cho ◽  
Robert Kim
Keyword(s):  
Fixed Effects ◽  
Stock Return ◽  
Design Methodology ◽  
Positive Impact ◽  
Positive Association ◽  
Crash Risk ◽  
Negative Consequences ◽  
Content Type ◽  
Practical Implications ◽  
Shed Light

Purpose The purpose of this paper is to investigate whether analysts’ optimism affects the stock crash risk. Design/methodology/approach The sample covers 49,246 firm-year observations for the period between 1995 and 2015. The authors use OLS regressions with firm and year fixed effects for analyses. Findings The study finds that there is a positive association between analysts’ optimism and stock crash risk. Such a positive impact is more pronounced for firms with opaque information environment and for analysts who are considered ex ante credible. Research limitations/implications The results indicate that analysts’ optimism can be an important source of stock crash risk. Practical implications The findings can be useful for informational users of analyst reports. Given that information provided by analysts might have negative consequences, the empirical results can be useful in assessing future stock return behaviors. Originality/value This paper has the potential to shed light on the large literature of crash risk. Prior studies suggest that crash is driven by the agency tension between shareholders and managers. It remains possible that crashes could be caused by overpriced stocks in the absence of bad news hoarding. The paper investigates crash from a perspective, financial analysts, that is underexplored.

Working from home: characteristics and outcomes of telework

2019 ◽  
Vol 40 (1) ◽  
pp. 87-101 ◽  
Author(s):  
Audronė Nakrošienė ◽  
Ilona Bučiūnienė ◽  
Bernadeta Goštautaitė
Keyword(s):  
Literature Review ◽  
Survey Data ◽  
Design Methodology ◽  
Job Demands ◽  
Organizational Outcomes ◽  
Content Type ◽  
Career Opportunities ◽  
Practical Implications ◽  
Reduced Time ◽  
At Home

PurposeThe purpose of this paper is to investigate the relationships between theoretically grounded telework factors and various individual and organizational outcomes of telework (overall satisfaction with telework, perceived advantages of telework, career opportunities and self-reported productivity).Design/methodology/approachBased on a literature review, ten telework factors that may affect individual and organizational telework outcomes were identified and empirically tested using the survey data of 128 teleworkers exercising different telework intensity and representing various sectors of the economy.FindingsThe bundle of theoretically selected variables explained a significant part of the variance of telework outcomes. Reduced communication with co-workers, supervisor’s trust and support, suitability of the working place at home were found to be the most important telework factors impacting different telework outcomes. Higher self-reported productivity was related to reduced time in communicating with co-workers, a suitable working place at home and the possibility to take care of family members when teleworking.Practical implicationsThis study provides insights about the management of telework in organizations by highlighting the factors that promote the satisfaction, productivity and perceived career opportunities of teleworkers.Originality/valueThis paper challenges the results of previous research on the factors related with telework and its outcomes. Based on the job demands-resources theory, the authors identified the factors that serve as resources in generating positive telework outcomes, and the factors increasing job demands and reducing satisfaction with telework.

Exodus at home: a narrative introspection on what matters

2020 ◽  
Vol 20 (4) ◽  
pp. 411-414
Author(s):  
Shirley R. Steinberg
Keyword(s):  
Design Methodology ◽  
Social Implications ◽  
Narrative Voice ◽  
Academic World ◽  
Content Type ◽  
Global Issue ◽  
Practical Implications ◽  
What Matters ◽  
At Home

PurposeTo exemplify how narrative leads us to question and continue question in a capitalized academic world which continually demands answers.Design/methodology/approachThis viewpoint/editorialized piece uses narrative voice as a gestalt for our times.FindingsTo ask more questions, to engage in dialogue, to become equitable. To get woke.Research limitations/implicationsThat empiricists will not get an answer.Practical implicationsThat all who read has the possibility of identifying with this global issueSocial implicationsTo make a changeOriginality/valueNarrative voice is original

At home away or arrived in Spain: translocalism and neighbourhood social circles among long-term visitors in Costa Blanca leisurescapes

2017 ◽  
Vol 72 (3) ◽  
pp. 288-302 ◽  
Author(s):  
Jens Kr. Steen Jacobsen ◽  
Antonio Miguel Nogués-Pedregal
Keyword(s):  
Design Methodology ◽  
Service Providers ◽  
International Mobility ◽  
Content Type ◽  
Foreign Culture ◽  
Native Soil ◽  
Feeling At Home ◽  
Practical Implications ◽  
At Home

Purpose The purpose of this paper is to outline and interpret social circles and networks of long-term visitors to Costa Blanca (Spain) and to analyse how the long-termers relate to Spanish nationals and compatriots in their (temporary) residence areas. Design/methodology/approach En route airport questionnaire survey to departing passengers. Findings The study indicates a presence of translocalism among many of the polyglot long-termers not tied to their native soil and having manifold links across national borders. Most of them socialise within compatriot leisurescape settings. Language skills are determinant. Many long-termers are “dual citizens”, feeling at home both here and there. Research limitations/implications Airport surveys can reach a broad range of people but must be kept simple because of time constraints. The different labels used by researchers to describe international mobility might not be comprehensive. Practical implications The paper is of interest to local authorities, planners, property developers and tourism destination service providers. Social implications The study confirms that some persons may be physically “in” a foreign culture while socially “outside” of that culture, or in society but not of it. Originality/value The research uniquely encompasses all types of long-termers in various locations, based on an airport survey. It offers new insights into patterns of social circles and language proficiencies of diverse international long-term arrivals in Mediterranean Spain.

scholarly journals Does live broadcasting reduce stadium attendance? The case of Norwegian football

2018 ◽  
Vol 8 (1) ◽  
pp. 67-81 ◽  
Author(s):  
Morten Kringstad ◽  
Harry Arne Solberg ◽  
Tor Georg Jakobsen
Keyword(s):  
Big Five ◽  
Fixed Effects ◽  
Design Methodology ◽  
Substitution Effect ◽  
Small Population ◽  
Content Type ◽  
European Football ◽  
Live Broadcast ◽  
Fixed Effects Regression ◽  
Practical Implications

Purpose Attendance at matches in the smaller European football leagues is challenged by the increased number of live broadcast matches, particularly covering the biggest leagues. The purpose of this paper is to analyse the effects of live broadcasting, match scheduling and other factors on stadium attendance in the top division of Norwegian football. Design/methodology/approach The analysis is based on a fixed effects regression model on attendance at match levels covering the period 2005 to 2011. Findings The main results show two different effects. While live broadcast domestic matches on “free TV” is positively correlated to stadium attendance, the increased number of “imported” matches from the big-five leagues is a substitute. Moreover, matches played on weekdays have a lower level of attendance than weekend matches. Practical implications The increased number of imported live broadcast football matches from the biggest European leagues influences and widens the financial gap between the biggest and the smaller football leagues. One possible solution for reducing the substitution effect from these matches is a more efficient match schedule in the Norwegian top division in football. Originality/value Norway has a small population with a high interest for football. This paper measures effects on attendance in the Norwegian top division in football matches with regards to the increased number of live broadcast matches both from the domestic league and from the big five football leagues.

scholarly journals An exploratory study of US acquirers’ market performance: pre- versus post-Sarbanes–Oxley act of 2002

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Samah El Hajjar ◽  
Elie Menassa ◽  
Talie Kassamany
Keyword(s):  
Fixed Effects ◽  
Design Methodology ◽  
Market Performance ◽  
Governance Mechanism ◽  
Content Type ◽  
Study Approach ◽  
Managerial Decisions ◽  
Sarbanes Oxley ◽  
Practical Implications

Purpose Motivated by the findings of Bhabra and Hossain (2017) that highlight an improvement in US market performance in the post-Sarbanes–Oxley (SOX) period, this paper aims to investigate how this change varies with the methods of payment used for the deals. Design/methodology/approach Deductive in nature and using an event study approach, this paper uses a sample of 675 deals between 1999 and 2006 to test three research hypotheses in a pre-post setting. Findings Results show that at the aggregate level, there is a significant improvement in the market performance of US acquirers around the announcement day in the aftermath of the passage of SOX 2002. Considered separately, both US stock acquirers and cash acquirers did not experience any significant improvement in market performance in the post-Sarbanes–Oxley period. These results are robust to controlling for governance, firm and deal variables, as well as industry and year fixed effects. Research limitations/implications Exploratory in nature, the results are to be interpreted in light of the sample size and the period under investigation. Practical implications The results provide evidence for regulators and legislators on the contribution of SOX 2002 to curbing managerial misconduct. Significant improvement in the market performance also signals more confidence in managerial decisions and a reduction in agency problems. The insignificant change in stock acquirers’ market performance can be an indication that policymakers should exert more efforts to improve shareholders' confidence in the quality of disclosure. Originality/value This investigation provides unique insights on whether SOX has been effective in mitigating mispricing concerns associated with stock-financed acquisitions and whether it was effective in moderating the governance mechanism associated with cash-financed acquisitions.

Personnel policy adjustments when apprentice positions are unfilled

2019 ◽  
Vol 40 (5) ◽  
pp. 958-978
Author(s):  
Tina Hinz
Keyword(s):  
Fixed Effects ◽  
Design Methodology ◽  
Data Set ◽  
Personnel Policy ◽  
Content Type ◽  
Apprenticeship Training ◽  
Level Data ◽  
Iab Establishment Panel ◽  
Policy Adjustments ◽  
Practical Implications

Purpose German establishments face increasing difficulties in filling their apprentice positions. Thus, firms are less able to train (and later retain) their own skilled workforce. The purpose of this paper is to analyse the firms’ personnel policy adjustments in response to unfilled apprentice positions. Design/methodology/approach To estimate the within-firm personnel policy adjustments when unfilled apprentice positions arise, fixed effects panel estimations are applied to a large German establishment-level data set, the IAB Establishment Panel (2008–2016). Findings The estimates indicate that some firms post slightly more apprentice positions in the period after facing unfilled apprentice positions. Moreover, the results reveal that affected craft establishments in urban regions retain more apprenticeship graduates. Besides of these findings, there are no indications of emphasised personnel policy adjustments. Practical implications The multivariate results do not support the claim that training firms may abstain from apprenticeship training when facing unfilled apprentice positions. Originality/value The study shows first evidence of firms’ personnel policy adjustments when apprentice positions remain vacant in Germany, a country with a traditionally high relevance of apprenticeship training.

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