prikaz prve stranice dokumenta Profitability determinants of hotel companies in selected Mediterranean countries
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Scientific paper - Original scientific paper
Profitability determinants of hotel companies in selected Mediterranean countries
Economic research - Ekonomska istraživanja, 32 (2019), 1; 1977-1993. https://doi.org/10.1080/1331677X.2019.1642785
Dimitrić, Mira; Tomas Žiković, Ivana; Arbula Blecich, Andrea

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Dimitrić, M., Tomas Žiković, I. & Arbula Blecich, A. (2019). Profitability determinants of hotel companies in selected Mediterranean countries. Economic research - Ekonomska istraživanja, 32. (1), 1977-1993. doi: 10.1080/1331677X.2019.1642785

Dimitrić, Mira, et al. "Profitability determinants of hotel companies in selected Mediterranean countries." Economic research - Ekonomska istraživanja, vol. 32, no. 1, 2019, pp. 1977-1993. https://doi.org/10.1080/1331677X.2019.1642785

Dimitrić, Mira, Ivana Tomas Žiković and Andrea Arbula Blecich. "Profitability determinants of hotel companies in selected Mediterranean countries." Economic research - Ekonomska istraživanja 32, no. 1 (2019): 1977-1993. https://doi.org/10.1080/1331677X.2019.1642785

Dimitrić, M., Tomas Žiković, I. and Arbula Blecich, A. (2019) 'Profitability determinants of hotel companies in selected Mediterranean countries', Economic research - Ekonomska istraživanja, 32(1), pp. 1977-1993. doi: 10.1080/1331677X.2019.1642785

Dimitrić M, Tomas Žiković I, Arbula Blecich A. Profitability determinants of hotel companies in selected Mediterranean countries. Economic research - Ekonomska istraživanja [Internet]. 2019 [cited 2024 December 26];32(1):1977-1993. doi: 10.1080/1331677X.2019.1642785

M. Dimitrić, I. Tomas Žiković and A. Arbula Blecich, "Profitability determinants of hotel companies in selected Mediterranean countries", Economic research - Ekonomska istraživanja, vol. 32, no. 1, pp. 1977-1993, 2019. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:889831. [Accessed: 26 December 2024]

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Metadata
Title (english)Profitability determinants of hotel companies in selected Mediterranean countries
AuthorMira Dimitrić
AuthorIvana Tomas Žiković
AuthorAndrea Arbula Blecich
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
Tourism is one of the most important industries in the Mediterranean countries, which strongly contributes to the economic activity, capital investment and job creation. Therefore, the purpose of this paper is to examine the determinants influencing profitability of hotel companies in selected Mediterranean countries. Thereby, dynamic panel data models are estimated on an extensive dataset for the period from 2007 to 2015. The paper provides evidence on differences among internal profitability determinants of hotel companies operating in tourism competitive countries. The results indicate that the cash flow to operating revenue has a statistically significant and positive impact on profitability in all observed countries. The total asset turnover ratio is significant for all countries except Portugal, while labour productivity is significant only for Spain, which is also the country with the highest turnover per employee. The solvency ratio is positively related to profitability, except for Greece as the most indebted country. Size proved to be significant for hotels in Spain and Portugal, while age is the variable by which the countries mostly differ, as findings show a different impact of underlying variable on hotel profitability. Findings provide information to shareholders that would ensure profitability of hotel companies operating in different countries.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleEconomic research - Ekonomska istraživanja
Numberingvol. 32, no. 1, pp. 1977-1993
p-ISSN1331-677X
e-ISSN1848-9664
DOIhttps://doi.org/10.1080/1331677X.2019.1642785
URN:NBNurn:nbn:hr:192:889831
Publication2019
Document URLhttps://hrcak.srce.hr/228875
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2020-07-29 11:56:30