Finance in the Hospitality and Tourism Sector

2020 ◽  
pp. 166-184
Author(s):  
Adenike A. Adesanmi
Keyword(s):  
Capital Structure ◽  
Structure Formation ◽  
Financial Statements ◽  
New Venture ◽  
Financial Capital ◽  
Ratio Analysis ◽  
The Third ◽  
Tourism Sector ◽  
Hospitality And Tourism ◽  
Shed Light

This chapter is set to shed light on how the hospitality and tourism sector is to shape their assets and liquidity to either begin a new venture or expand an existing one. The first part of the chapter will give an elaborate discussion about raising financial capital in the hospitality and tourism sector. This will strengthen the points that are made under capital structure formation. Financial knowledge of budgeting is an area that deserves its place in these sectors; this is the third major highlight of the chapter. The issue of understanding financial statements, especially its use in making predictions through ratio analysis, require a thorough explanation. This is therefore the next point. The limitations and usefulness of ratio analysis will be touched upon. Finally, in this chapter, determining demand in the hospitality and tourism sector is a contemporary issue, and the review of this will give a better viewpoint.

Specifics of capital structure management of electronic commerce market leaders

2020 ◽  
Vol 16 (5) ◽  
pp. 905-919
Author(s):  
R.O. Voskanyan
Keyword(s):  
Capital Structure ◽  
Customer Service ◽  
Financial Statements ◽  
Financial Resources ◽  
Ratio Analysis ◽  
Timely Manner ◽  
Aggressive Approach ◽  
Scientific Methods ◽  
General Scientific ◽  
Management Policies

Subject. The article addresses leader companies of the e-commerce market in terms of sales and capitalization, that make their financial statements publicly available. Objectives. The aim is to identify special aspects of capital structure management policies of the largest e-commerce players based on ratio analysis. Methods. The study employs general scientific methods of research. Results. The paper reveals the specifics of capital structure management of the global e-commerce market leaders. The leading companies prefer an aggressive approach to the formation of their capital structure, increasing the volume of borrowed capital in comparison with their equity. The management of companies tries to provide a moderate approach to capital structure management and debt servicing, demonstrating the ability to repay debts in a timely manner. Aggressive capital structure policy is conditioned by specific activities of e-commerce companies, requiring constant search for and attraction of additional financial resources for improving production processes by management. Conclusions. Key players have an aggressive capital structure policy. This feature is necessitated by the need to systematically attract additional financing to expand the business, increase sales volumes, capture and create new markets. E-commerce companies have to constantly improve technology, logistics processes, and render a good and excellent customer service.

ANALISIS LAPORAN KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PT. ASTRA AGRO LESTARI Tbk

2019 ◽  
Vol 5 (2) ◽  
pp. 75-88
Author(s):  
M. Shobihin ◽  
Sayekti Suindyah Dwiningwarni ◽  
Supriadi Supriadi
Keyword(s):  
Financial Performance ◽  
Good Condition ◽  
Balance Sheet ◽  
Financial Statements ◽  
Ratio Analysis ◽  
Business Decisions ◽  
Financial Ratio ◽  
Financial Ratio Analysis ◽  
Income Statement ◽  
Quantitative Descriptive

The financial statements serve as a benchmark in assessing the financial performance of the company as the basis for making business decisions. The motivation in conducting this research is to support previous research to see the development condition of one of the oil palm plantation companies. The purpose of this study is to assess the financial performance by using financial ratio analysis and horizontal analysis. The method used in this research is Quantitative Descriptive with analysis design using Term series Analysis. The result of the research based on financial ratio analysis shows the liquidity ratio and solvency ratio in good condition, while the activity ratio and profitability ratio are not good because it is below the industry average of similar companies. Based on horizontal analysis, financial performance fluctuated and influenced internal and external factors such as operational performance and the average price of world palm oil. The limitations of this study are using only two analytical tools and financial statements analyzed only the balance sheet and income statement.

Géographie et cartographie fictionnelles dans l’Utopie (1516) de Thomas More

Moreana ◽  
2010 ◽  
Vol 47 (Number 181- (3-4) ◽  
pp. 9-68
Author(s):  
Jean Du Verger
Keyword(s):  
Complex Network ◽  
Narrative Strategies ◽  
Thomas More ◽  
The Third ◽  
Editio Princeps ◽  
Shed Light ◽  
The Way

The philosophical and political aspects of Utopia have often shadowed the geographical and cartographical dimension of More’s work. Thus, I will try to shed light on this aspect of the book in order to lay emphasis on the links fostered between knowledge and space during the Renaissance. I shall try to show how More’s opusculum aureum, which is fraught with cartographical references, reifies what Germain Marc’hadour terms a “fictional archipelago” (“The Catalan World Atlas” (c. 1375) by Abraham Cresques ; Zuane Pizzigano’s portolano chart (1423); Martin Benhaim’s globe (1492); Martin Waldseemüller’s Cosmographiae Introductio (1507); Claudius Ptolemy’s Geographia (1513) ; Benedetto Bordone’s Isolario (1528) ; Diogo Ribeiro’s world map (1529) ; the Grand Insulaire et Pilotage (c.1586) by André Thevet). I will, therefore, uncover the narrative strategies used by Thomas More in a text which lies on a complex network of geographical and cartographical references. Finally, I will examine the way in which the frontispiece of the editio princeps of 1516, as well as the frontispiece of the third edition published by Froben at Basle in 1518, clearly highlight the geographical and cartographical aspect of More’s narrative.

The Concept of treaty in Islamic Jurisprudence: A comparative view of the classical jurists

2010 ◽  
Vol 7 (1) ◽  
pp. 55
Author(s):  
Labeeb Bsoul
Keyword(s):  
International Law ◽  
The Body ◽  
Mutual Understanding ◽  
Contemporary World ◽  
The Third ◽  
Islamic Jurisprudence ◽  
Shed Light

This article aims to shed light on a particular area in the field of Islamic International law (siyar) treaty in Islamic jurisprudence. It addresses a comparative view of classical jurists of treaties both theoretically and historically and highlights their continued relevance to the contemporary world. Since the concept of treaty a lacuna in scholarship as well as the familiar of international legal theorists to study and integrate the Islamic treaty system into the body of modern international law in order to have a mutual understanding and respect and honor for treaties among nations. I would like to present a series of three parts the first one addresses the concept of treaty in Islamic jurisprudence the second addresses the process of drafting treaties and their conclusion and the third addresses selected treaties, including the treaty of H{udaybiya that took place between Muslims and non-Muslims..

Brokering Peace in Nuclear Environments

2018 ◽  
Author(s):  
Moeed Yusuf
Keyword(s):  
Cold War ◽  
Third Party ◽  
Bargaining Theory ◽  
The Third ◽  
China And India ◽  
International Setting ◽  
Multiple Audiences ◽  
Crisis Behavior ◽  
The Cold War ◽  
Shed Light

This book is the first to theorize third party mediation in crises between regional nuclear powers. Its relevance flows from two of the most significant international developments since the end of the Cold War: the emergence of regional nuclear rivalries; and the shift from the Cold War’s bipolar context to today’s unipolar international setting. Moving away from the traditional bilateral deterrence models, the book conceptualizes crisis behavior as “brokered bargaining”: a three-way bargaining framework where the regional rivals and the ‘third party’ seek to influence each other to behave in line with their crisis objectives and in so doing, affect each other’s crisis behavior. The book tests brokered bargaining theory by examining U.S.-led crisis management in South Asia, analyzing three major crises between India and Pakistan: the Kargil conflict, 1999; the 2001-02 nuclear standoff; and the Mumbai crisis, 2008. The case studies find strong evidence of behavior predicted by the brokered bargaining framework. They also shed light on several risks of misperceptions and inadvertence due to the challenges inherent in signaling to multiple audiences simultaneously. Traditional explanations rooted in bilateral deterrence models do not account for these, leaving a void with serious practical consequences, which the introduction of brokered bargaining seeks to fill. The book’s findings also offer lessons for crises on the Korean peninsula, between China and India, and between potential nuclear rivals in the Middle East.

"Sur l'ombre de quelque bonne paix?"

1970 ◽  
Vol 69 ◽  
pp. 249-264
Author(s):  
Aurelie Van de Meulebroucke
Keyword(s):  
Peace Treaty ◽  
Personal Power ◽  
The Third ◽  
Italian Wars ◽  
King Of France ◽  
Shed Light

On the 13th of June, 1529, Robert de Croÿ made his Joyous Entry into the bishopric-duchyof Cambrai. As a descendant of a powerful noble family from Picardy, young Robert,who was appointed bishop at the age of 17, was the third of his name to occupy theepiscopal see of Cambrai. Yet, through his instalment as a bishop, Robert not only arrogatedthe episcopal power of the Cambraian bishopric, he also was able to publicly displaythe power and pride of the Croÿ family, who ruled Cambrai for already three generations.At about the same time of his Joyous Entry, the Ladies Peace of Cambrai was concluded.This peace treaty temporarily ended the Italian Wars (1494-1559), a conflictbetween the king of France and the Burgundian rulers. By focussing on his Joyous Entry,this article will shed light on the means in which Robert de Croÿ used both this internationalframework and his aristocratie descent to express his personal power and familyinterests in Cambrai.

scholarly journals Eclectic Paradigm and the analysis of FDI in tourism in Nepal

2013 ◽  
Vol 5 ◽  
pp. 69-82
Author(s):  
Sandeep Basnyat
Keyword(s):  
Host Country ◽  
Tourism Industry ◽  
Policy Reforms ◽  
Local Service ◽  
The Third ◽  
Tourism Sector ◽  
Eclectic Paradigm ◽  
Tourism And Hospitality ◽  
Internalization Advantages ◽  
Theory Paradigm

This paper analyzes the factors that determine the inflows of FDI in tourism sector of Nepal using Eclectic Theory (Paradigm) propounded by John Dunning. It was observed that the first and second conditions (ownership specific advantages and internalization advantages) are firm specific determinants of FDI, whereas, the third is location-specific and, therefore, has a crucial influence on the host country Nepal’s inflows of FDI in tourism. It was further observed that the development impact of FDI on the tourism industry of Nepal may be determined by various combinations of three main important factors – policy environment, including policy reforms that trigger further inflows of FDI; the level of development (and maturity) of the tourism industry; and, the geography of Nepal. The paper suggests that MNC’s can help Nepal by, among other things, diversifying the supply of tourism products and improving the local service standards.The Gaze: Journal of Tourism and Hospitality Vol.5 2013 pp.69-82

Il cammino degli eroi: the empire as a mark of modernity. Representations of colonial power in a famous regime documentary

Modern Italy ◽  
2016 ◽  
Vol 21 (3) ◽  
pp. 289-303
Author(s):  
Gabriele Proglio
Keyword(s):  
Documentary Film ◽  
Visual Perspective ◽  
Colonial Power ◽  
The Third ◽  
Shed Light

This article examines the most important documentary film about the Italian ‘victory’ in Ethiopia, Il cammino degli eroi, by Corrado D’Errico (1936), the primary aim being to shed light on its complex iconographic system of representation. The first part examines the representation of the ‘African Mussolini’. In the second part, the article analyses the ‘conqueror’s gaze’ in the visual perspective employed by D’Errico in his account of the new Italian colony. The third part is devoted to arguing the juxtaposition between ‘Italian Creation and Ethiopian apocalypse’. Finally, the last part of the article deals with the reasons for the Ethiopian war.

scholarly journals Indonesia’s Tourism Sector Is Ready To Skyrocket After The COVID-19 Pandemic

2021 ◽  
Author(s):  
Angelia
Keyword(s):  
Ethnic Groups ◽  
Tourism Development ◽  
World Heritage ◽  
World Heritage Sites ◽  
Heritage Sites ◽  
The Third ◽  
Tourism Sector ◽  
Thousand Islands

Indonesia is a country that is rich in diversity. Indonesia's diversity, which includes more than 17 thousand islands, more than 300 ethnic groups, more than 700 languages, world heritage sites, and the third largest biodiversity, is a great potential for tourism development (Tayibnapis and Sundarini 2020).

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