Why do the Spanish hotels fail?: a study of its determinants

Detalhes bibliográficos
Autor(a) principal: Vivel-Búa, Milagros
Data de Publicação: 2024
Outros Autores: Lado-Sestayo, Rubén, Otero-González, Luis
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://tmstudies.net/index.php/ectms/article/view/807
Resumo: This paper studies the determinants of bankruptcy in the small and medium Spanish hotel companies during 2000-2007. In particular, we study a sample of 1,679 hotels by means of conditional probability models (probit and logit) and a comprehensive set of accounting variables relating to profitability, indebtedness, economic and financial balance, economic structure, liquidity and activity. On the one hand, the results provide significant evidence of the positive influence of indebtedness and percentage of current assets, and on the other hand, of the negative influence of profitability and activity level on the probability of bankruptcy of the hotel.
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spelling Why do the Spanish hotels fail?: a study of its determinants¿Por qué quiebran los hoteles españoles?: un estudio de sus determinantesBankrupcySMEshotelSpaindeterminantsThis paper studies the determinants of bankruptcy in the small and medium Spanish hotel companies during 2000-2007. In particular, we study a sample of 1,679 hotels by means of conditional probability models (probit and logit) and a comprehensive set of accounting variables relating to profitability, indebtedness, economic and financial balance, economic structure, liquidity and activity. On the one hand, the results provide significant evidence of the positive influence of indebtedness and percentage of current assets, and on the other hand, of the negative influence of profitability and activity level on the probability of bankruptcy of the hotel.Este trabajo estudia los determinantes de la quiebra en el sector de la pequeña y mediana empresa hotelera española en el período 2000-2007. En concreto, se evalúa una muestra formada por 1,679 hoteles y se utilizan modelos de probabilidad condicional (probit y logit) y un amplio conjunto de variables contables relativas a su rentabilidad, endeudamiento, equilibrio económico-financiero, estructura económica, liquidez y actividad. Los resultados aportan evidencia significativa sobre la influencia, por una parte, positiva del nivel de endeudamiento y porcentaje de activo corriente, y por otra, negativa de la rentabilidad y nivel de actividad, sobre la probabilidad de quiebra del hotel.University of Algarve2024-01-10info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://tmstudies.net/index.php/ectms/article/view/807Revista Encontros Científicos - Tourism & Management Studies; v. 11 n. 2 (2015); 25-30Tourism & Management Studies; Vol. 11 N.º 2 (2015); 25-30Tourism & Management Studies; Vol. 11 No. 2 (2015); 25-30Revista Encontros Científicos - Tourism & Management Studies; Vol. 11 Núm. 2 (2015); 25-302182-8466reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttps://tmstudies.net/index.php/ectms/article/view/807https://tmstudies.net/index.php/ectms/article/view/807/1312Copyright (c) 2016 Tourism & Management Studiesinfo:eu-repo/semantics/openAccessVivel-Búa, MilagrosLado-Sestayo, RubénOtero-González, Luis2024-01-17T15:29:10Zoai:ojs.pkp.sfu.ca:article/807Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:56:23.334743Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Why do the Spanish hotels fail?: a study of its determinants
¿Por qué quiebran los hoteles españoles?: un estudio de sus determinantes
title Why do the Spanish hotels fail?: a study of its determinants
spellingShingle Why do the Spanish hotels fail?: a study of its determinants
Vivel-Búa, Milagros
Bankrupcy
SMEs
hotel
Spain
determinants
title_short Why do the Spanish hotels fail?: a study of its determinants
title_full Why do the Spanish hotels fail?: a study of its determinants
title_fullStr Why do the Spanish hotels fail?: a study of its determinants
title_full_unstemmed Why do the Spanish hotels fail?: a study of its determinants
title_sort Why do the Spanish hotels fail?: a study of its determinants
author Vivel-Búa, Milagros
author_facet Vivel-Búa, Milagros
Lado-Sestayo, Rubén
Otero-González, Luis
author_role author
author2 Lado-Sestayo, Rubén
Otero-González, Luis
author2_role author
author
dc.contributor.author.fl_str_mv Vivel-Búa, Milagros
Lado-Sestayo, Rubén
Otero-González, Luis
dc.subject.por.fl_str_mv Bankrupcy
SMEs
hotel
Spain
determinants
topic Bankrupcy
SMEs
hotel
Spain
determinants
description This paper studies the determinants of bankruptcy in the small and medium Spanish hotel companies during 2000-2007. In particular, we study a sample of 1,679 hotels by means of conditional probability models (probit and logit) and a comprehensive set of accounting variables relating to profitability, indebtedness, economic and financial balance, economic structure, liquidity and activity. On the one hand, the results provide significant evidence of the positive influence of indebtedness and percentage of current assets, and on the other hand, of the negative influence of profitability and activity level on the probability of bankruptcy of the hotel.
publishDate 2024
dc.date.none.fl_str_mv 2024-01-10
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://tmstudies.net/index.php/ectms/article/view/807
url https://tmstudies.net/index.php/ectms/article/view/807
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://tmstudies.net/index.php/ectms/article/view/807
https://tmstudies.net/index.php/ectms/article/view/807/1312
dc.rights.driver.fl_str_mv Copyright (c) 2016 Tourism & Management Studies
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2016 Tourism & Management Studies
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv University of Algarve
publisher.none.fl_str_mv University of Algarve
dc.source.none.fl_str_mv Revista Encontros Científicos - Tourism & Management Studies; v. 11 n. 2 (2015); 25-30
Tourism & Management Studies; Vol. 11 N.º 2 (2015); 25-30
Tourism & Management Studies; Vol. 11 No. 2 (2015); 25-30
Revista Encontros Científicos - Tourism & Management Studies; Vol. 11 Núm. 2 (2015); 25-30
2182-8466
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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