Estimating Consumer Sentiment During a Period of Economic Uncertainty

2009 ◽  
Author(s):  
Zachary Smith
Keyword(s):  
Economic Uncertainty ◽  
Consumer Sentiment

Economic policy uncertainty and hotel occupancy: the mediating effect of consumer sentiment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ozgur Ozdemir ◽  
Wenjia Han ◽  
Michael Dalbor
Keyword(s):  
Economic Policy ◽  
Structural Equation ◽  
Mediating Effect ◽  
Equation Modeling ◽  
Policy Uncertainty ◽  
Economic Uncertainty ◽  
Consumer Sentiment ◽  
Content Type ◽  
Economic Policy Uncertainty ◽  
The Relationship

PurposeThe purpose of this paper is twofold. First, the study examines the prolonged effect of policy-related economic uncertainty on hotel operating performance, particularly the room demand (occupancy). Second, the study attempts to explain why occupancy drops when the perceived economic uncertainty is high by studying the mediating effect of consumer sentiment in the relationship between economic policy uncertainty and hotel demand.Design/methodology/approachThis quantitative study uses secondary data – US economic policy uncertainty (EPU) index, University of Michigan's index of consumer sentiment (ICS), and property-level hotel operating data from three states of the US – California, Florida and New York. Data were analyzed using random effect regression and structural equation modeling. Robustness tests were conducted to enhance the reliability of the research findings.FindingsRandom-effects regression analysis reveals that policy-related economic uncertainty has a negative and lead-lag effect on hotel occupancy, average daily rate and revenue per available room (RevPAR). Structural equation modeling results show that the relationship between economic policy uncertainty and hotel occupancy is significantly mediated by consumer sentiment. Robustness test results support the findings from the main analysis.Practical implicationsThis study offers valuable implications for the hotel professionals in regard to anticipating the economic impact of policy-related uncertainty on hotel industry and understanding how consumer sentiment affects demand at such crises times. Moreover, the study suggests potential course of actions to deal with declining room demand at times of uncertainty.Originality/valueThis empirical study explores how economic policy uncertainty affects hotel performance at the property level and explains the mediating effect of consumer sentiment on hotel room demand. The study provides a first-hand evidence of how consumer sentiment relates to the perception of economic uncertainty and leads to decline in consumer demand. In that regard, findings of the study have valuable implications for hospitality industry practitioners and relevant policymakers.

An experimental test of Marx's hypothesis that religion helps people cope with economic uncertainty

2013 ◽  
Author(s):  
Ngalula Fleurant ◽  
Curtis D. Hardin
Keyword(s):  
Experimental Test ◽  
Economic Uncertainty

Overcoming “The Third Way” Concept

2006 ◽  
pp. 126-134
Author(s):  
L. Evstigneeva ◽  
R. Evstigneev
Keyword(s):  
Economic Research ◽  
Economic Uncertainty ◽  
Third Way ◽  
The Third ◽  
Linear Approach ◽  
The World ◽  
Non Linear

“The Third Way” concept is still widespread all over the world. Growing socio-economic uncertainty makes the authors revise the concept. In the course of discussion with other authors they introduce a synergetic vision of the problem. That means in the first place changing a linear approach to the economic research for a non-linear one.

Is Economic Uncertainty Priced in the Cross-Section of Stock Returns?

CFA Digest ◽  
2018 ◽  
Vol 48 (4) ◽  
Author(s):  
Clifford S. Ang
Keyword(s):  
Stock Returns ◽  
Cross Section ◽  
Economic Uncertainty ◽  
The Cross

The role of corporate investment in social responsible practices in the promotion of employees’ organizational citizenship behaviour

2014 ◽  
Author(s):  
Ana Patrícia Duarte ◽  
José Gonçalves das Neves
Keyword(s):  
Job Satisfaction ◽  
Organizational Citizenship ◽  
Economic Uncertainty ◽  
Socially Responsible ◽  
Organizational Survival ◽  
Current Scenario ◽  
Reducing Costs ◽  
Using Data ◽  
Airline Company

In the current scenario of economic uncertainty, where many organizations struggle harder for reducing costs while improving their competitiveness, employees’ organizational citizenship behaviours might have an enhanced importance for organizational survival and success. A model proposing that corporate engagement in internal socially responsible practices enhances employees’ job satisfaction and consequently increases employees’ extra-role behaviours was tested. Using data obtained from a sample of employees from an airline company (n=133), the model was examined and supported. We have therefore concluded that organizations may foster employees’ extra-role behaviours by investing in corporate socially responsible practices that signal corporate concern with employees and promote job satisfaction.

Economic Uncertainty, Disagreement, and Credit Markets

2011 ◽  
Author(s):  
Andrea Buraschi ◽  
Fabio Trojani ◽  
Andrea Vedolin
Keyword(s):  
Credit Markets ◽  
Economic Uncertainty

A New January Barometer: The Index of Consumer Sentiment

2011 ◽  
Author(s):  
Zhongdong Chen ◽  
Phillip R. Daves
Keyword(s):  
Consumer Sentiment

Economic Uncertainty and Commodity Futures Volatility

2014 ◽  
Author(s):  
Sumudu W. Watugala
Keyword(s):  
Commodity Futures ◽  
Economic Uncertainty
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