Working capital management and firm performance in the hospitality and tourism industry
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Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
International Journal of Hospitality Management
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The aim of this study is to provide empirical evidence concerning the effects of working capital on firm performance in the hospitality and tourism industry. We identify an inverted U-shaped relationship between working capital and firm performance. More specifically, the U-shaped relationship exists for accommodation, food and travel firms. In contrast, a positive linear relationship is valid for sport firms while changes in working capital have no effect on performance for gambling firms. To the best of our knowledge, this study is the first empirical research study to extend cross-country analysis in respect of sub-hospitality and tourism industries to a worldwide context. The findings suggest that hospitality and tourism managers should consider the diversity of relationships between working capital and firm performance in sub-hospitality and tourism industries when deciding on an appropriate strategy for working capital management.
Açıklama
Anahtar Kelimeler
Working Capital Management, Performance, Hospitality and Tourism Industry, Panel Data Analysis
Kaynak
International Journal of Hospitality Management
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
18
Sayı
4
Künye
O'Connor, J., Pizam, A. (2022). Working capital management and firm performance in the hospitality and tourism industry. International Journal of Hospitality Management, 18(4).
