Stock Liquidity and CEO Compensation in the US Hospitality Industry

2018 ◽  
Vol 07 (01) ◽  
Author(s):  
Li Ding
Keyword(s):  
Hospitality Industry ◽  
Ceo Compensation ◽  
Stock Liquidity ◽  
The Us

scholarly journals THE EFFECTS OF PANDEMIC ERA TO TOURISM INDUSTRY IN TANGERANG

2020 ◽  
Vol 3 (2) ◽  
pp. 169-175
Author(s):  
Listania Felia Kartika Candra ◽  
Agnira Rekha
Keyword(s):  
Economic Impact ◽  
Economic Crisis ◽  
Public Transportation ◽  
Economic Activity ◽  
Hospitality Industry ◽  
Developed Countries ◽  
Tourism Industry ◽  
The Us ◽  
The World ◽  
Almost All

 The COVID-19 pandemic affected its economic impact and disrupted all the economies in the world, including in Indonesia, causing many people to lose their jobs, close some of their businesses and the possibility of an economic crisis. When the number of cases of infection and death has increased sharply and recovery from a pandemic remains uncertain even in developed countries, evidence of shocks throughout the economy including China, Europe and the US has emerged. The purpose of this paper is to provide an overall understanding of the possibility of a pandemic macroeconomic shock, which includes economic activity in several affected areas, knowing how much the hospitality industry is affected by the same experiencing losses due to not having visitors as usual days. The COVID-19 pandemic also caused several sectors of Digital Travel Marketing companies to experience a drastic decline because almost all public transportation access was restricted and given a 100% refund. This paper discusses the monetary effects of COVID-19 emergencies across companies, and countries. It speaks of a monetary crisis through financial movements which are strongly affected by the ongoing pandemic. The monetary potential of COVID-19 throughout the world is still in high percentage, some workers are still in the period of vacation and some have been fired from the company.Keywords: Pandemic Effects, Tourism Industry, Tangerang

scholarly journals Stock liquidity and SMEs’ likelihood of bankruptcy: Evidence from the US market

2017 ◽  
Vol 42 ◽  
pp. 1383-1393 ◽  
Author(s):  
Izidin El Kalak ◽  
Alcino Azevedo ◽  
Robert Hudson ◽  
Mohamad Abd Karim
Keyword(s):  
Stock Liquidity ◽  
The Us

The inhospitable vulnerability

2018 ◽  
Vol 9 (2) ◽  
pp. 223-234 ◽  
Author(s):  
Hsiangting Shatina Chen ◽  
Joseph Fiscus
Keyword(s):  
Information Security ◽  
Hospitality Industry ◽  
Future Research ◽  
Privacy Rights ◽  
Data Breach ◽  
Content Type ◽  
Call To Action ◽  
The Us ◽  
Conceptual Paper ◽  
The Impact

Purpose The purpose of this conceptual paper is to underline several issues related to cybersecurity in the hospitality industry; address the importance of evaluating cyber risks, vulnerabilities and capabilities; and provide suggestions for hospitality operators to minimize the damage that cyberattacks could cause. Future research addressing cyber threats is a call to action. Design/methodology/approach To understand the occurrence and the impact of information security, the researchers reviewed the previous research regarding information security and used the database from Privacy Rights Clearinghouse and collected 76 information security incidents in the US hospitality industry since 2006. Finding The increasing frequency of data breach incidents from 2006 to 2017 indicates that the issue of cybercrimes has become more critical in the hospitality industry. Originality/value This conceptual paper sheds light on the issues of cybersecurity in risk assessment and heightens the necessity of discussing data breach issues in future hospitality research.

scholarly journals Analyzing Spatial Variance of Airbnb Pricing Determinants Using Multiscale GWR Approach

2020 ◽  
Vol 12 (11) ◽  
pp. 4710 ◽  
Author(s):  
Insu Hong ◽  
Changsok Yoo
Keyword(s):  
New York ◽  
Geographically Weighted Regression ◽  
Hospitality Industry ◽  
Sharing Economy ◽  
Pricing Strategies ◽  
Spatial Variance ◽  
Spatial Approach ◽  
The Us ◽  
Pricing Research ◽  
Scale Of Operation

A sharing economy accommodation service like Airbnb, which provides trust between strangers to connect them for profiting from underutilized assets, was born and has thrived thanks to the innovations in the platform technology. Due to the unique structure of Airbnb, the pricing strategies of hosts are very different from the conventional hospitality industry. However, existing Airbnb pricing studies have limitations considering the varying scale of operation among hosts, spatial variances in pricing strategies, and crucial geographic information for estimating the influence of the pricing variables, as well as ignoring inter-city variances. In this research, we explored the spatially heterogeneous relationship between price and pricing variables using an innovative spatial approach, Multiscale Geographically Weighted Regression (MGWR). Analysis results for Airbnb listing in Log Angeles and New York in the US showed the effectiveness of MGWR regarding estimating the influence of pricing variables spatially. By revealing spatially heterogeneous and dependent relationships, this research fills gaps in Airbnb pricing research and deepens the understanding of the pricing strategies of the hosts.

Short Sale, Stock Liquidity, and the Day-of-the-Week Effect: Evidence from the Taiwan Stock Market

2010 ◽  
Vol 13 (01) ◽  
pp. 71-90 ◽  
Author(s):  
Zhaodan Huang ◽  
Ou Hu ◽  
Bih-Shuang Liao
Keyword(s):  
Stock Market ◽  
Significant Role ◽  
Short Sales ◽  
Stock Liquidity ◽  
Short Sale ◽  
Turnover Ratio ◽  
Daily Data ◽  
The Us ◽  
Day Of The Week

In this paper, we revisit the day-of-the-week effect by examining the Taiwan stock market. Based on the daily data from 1991 to 2008, our results show that the Taiwan stock market exhibits a strong day-of-the-week effect. In particular, the return on Tuesday is negative and significant from 1991 to 1997, and the returns on the weekend are positive and significant from 1991 to 1997 and from 2001 to 2008. In agreement with other studies, our results also show that the Tuesday's effect is weaker in recent years. In an attempt to explain the day-of-the-week effect, we demonstrate that short sales do not seem to play a significant role, which is contrary to the findings of Chen and Singal (2003) who study the US stock market. However, stock liquidity (measured by turnover ratio) seems to be related to the day-of-the-week effect in the Taiwan stock market.

Location Specific Styles and US Venture Capital Contracting

2015 ◽  
Vol 05 (03) ◽  
pp. 1550012 ◽  
Author(s):  
Ola Bengtsson ◽  
S. Abraham Ravid
Keyword(s):  
Venture Capital ◽  
Cash Flow ◽  
Ceo Compensation ◽  
Contract Design ◽  
Control Rights ◽  
Financial Contracts ◽  
Compensation Contracts ◽  
The Us

This paper shows that several contractual equilibria coexist in the US venture capital (VC) contracts. Our database is larger than that of previous studies and includes 1,804 contracts. Our main finding is that California-based entrepreneurs receive less harsh contract terms. In particular, investors subject to California-based or California style contracts have less downside protection. This “California effect” remains large and significant even after we include all the previously discovered controls which determine contract design. We find a similar effect if the VC is located in California, or if a non-California VC had a large exposure to the California market. We do not find evidence that VCs are substituting cash flow contingencies for control rights or for performance-based CEO compensation contracts. We also document several other new contractual features of VC contracts. In particular, we find that better companies and more experienced VCs receive better contract terms, whereas older companies receive harsher contracts. We also confirm the role of concentration and proximity in financial contracts.

An examination of the curvilinear relationship between capital intensity and firm performance for publicly traded US hotels and restaurants

2011 ◽  
Vol 23 (6) ◽  
pp. 862-880 ◽  
Author(s):  
Seoki Lee ◽  
Qu Xiao
Keyword(s):  
Firm Performance ◽  
Firm Value ◽  
Hospitality Industry ◽  
Capital Intensity ◽  
Curvilinear Relationship ◽  
Intensity Level ◽  
Publicly Traded ◽  
Content Type ◽  
The Us ◽  
The Relationship

PurposeThis study sets out to examine the potential curvilinear relationship between capital intensity and firm value for the US hospitality industry, specifically including publicly traded US hotels and restaurants, during the period 1990‐2008.Design/methodology/approachThis study performs a pooled regression analysis to examine the proposed relationship. The sampled companies are from the period 1990‐2008, consisting of 281 and 1,406 observations for the hotel and restaurant industries, respectively. The study additionally performs the analysis for the 1990s and the 2000s separately for a comparison purpose.FindingsThe findings support the U‐shaped relationship between capital intensity and firm performance during the 2000s for both hotels and restaurants, while no relationship exists during the 1990s.Research limitations/implicationsWhile the results may not be generalizable to private or non‐US hotels and restaurants, the findings should provide hotel and restaurant executives and managers with valuable information for developing their strategies with regard to the capital intensity level.Originality/valueBased on the two perspectives regarding capital intensity's impact on a firm (i.e. positive and negative), a possible proposal suggests that the relationship between capital intensity and a firm's value may not be linear, but possibly curvilinear. Considering the importance of capital intensity in the hospitality industry, examinations of the issue would be beneficial for the hospitality industry.

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