Purpose Portugal has been experiencing a continuous growth in tourism activity, with hospitality industry as one of the main tourism sectors. Therefore, the assessment of hotel companies’ performance is very important to assist decision processes. The purpose of this paper is to assess the financial performance (FP) of 570 hotel companies operating hotel units in Portugal in 2017. To explore the question of brand affiliation, a comparison was made between hotel companies with similar stars rating and market orientation. In addition, this paper intends to fill a gap in literature studying the Portuguese reality on the subject of brand affiliation. Design/methodology/approach The present study uses a methodology based on data envelopment analysis (DEA) to assess the overall performance for each company, which further decomposed into the within-group performance and the technological gap. The performance of the hotel company is assessed through the aggregation of multiple financial indicators using the composite indicator (CI) derived from the DEA model. A bivariate analysis based on the Tobit regression to test the robustness of brand effect on FP of hotel companies (HC) was also included. Findings The empirical results show that branded companies, on average, have significantly better overall FP than non-branded companies. On the one hand, the brand effect tends to improve the within-group FP of HCs and the brand presents a statistically significant positive effect on the FP. On the other hand, the best practices are observed in both branded and non-branded companies. Practical implications The results of this study illustrate that, globally, the better FP of the branded companies is because of their individual relative companies’ performance and a better model of operation given by the brand effect. Brand affiliation will generally allow for a better FP and essentially a better profitability for invested equity, a higher return on sales and a higher value added per employee. Originality/value The study provides important theoretical and practical contributions that can assist the strategic decision of the HCs in choosing to operate independently or to adopt brand affiliation. Also, it is innovative because the FP of branded and non-branded HCs is measured not using a set of individual financial ratios but through a single CI that aggregates those financial ratios, using a DEA model.
This study aims to evaluate the economic eciency of Nursing Homes owned by 96 Santas Casas da Misericórdia (SCM) and the determinants that inuenced their eciency in 2012 and 2013. The SCM are the oldest non-prot entities, which belong to Third Sector in Portugal, provide this social response and receive signicant nancial contributions annually from the state. The study is developed in two stages. In the rst stage, the eciency scores were calculated through the non-parametric DEA technique. In the second stage, Tobit regression is used to verify the eect of certain organizational variables on eciency, namely the number of users and existence of Nursing Home chains. The results of the DEA model show that the eciency average is 81.9%, and only 10 out of 96 Nursing Homes are ecient. Tobit regression shows that the number of users has a positive eect on the eciency of Nursing Homes, whereas the existence of Nursing Home chains aects their eciency negatively.
Resumo -O ensino da auditoria financeira apresenta desafios que vão desde o teste aos conhecimentos técnicos em contabilidade financeira, de gestão e em fiscalidade, aos conhecimentos relacionados com os procedimentos de auditoria financeira, nomeadamente a materialidade, os testes de controlo, os procedimentos analíticos e os procedimentos substantivos de pormenor. O desafio maior prende-se com a compreensão dos relatórios oficiais dos profissionais. Neste trabalho é apresentada a aplicação SimEmp -Avaliação (Auditoria) como forma de melhorar o desenvolvimento de capacidades e competências adequadas a um auditor. Neste sentido, a aplicação está estruturada e organizada com o objetivo de o aluno contactar com os principais tópicos de auditoria financeira.
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