Diversification strategy and financial performance in the Taiwanese hotel industry

Chen, Chiang-Ming; Chang, Kuo-Liang

doi:10.1016/j.ijhm.2011.10.003

Cited by 39 publications

(33 citation statements)

References 11 publications

(10 reference statements)

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“…The relevance of these measures appears coherent with the general topic of this cluster, related to diversification. The second group develops diversification strategies, exploring revenue diversification (F&B and room), sector differentiation (full-service, economy, and fast-food restaurants), product differentiation, segment diversification, corporate governance diversification, or market diversification (Chen and Chang, 2012). In order to achieve this diversification, this cluster includes three processes that can be activated.…”

Section: Cluster 4 -Diversification Strategiesmentioning

confidence: 99%

Hotel performance and research streams: a network cluster analysis

Sainaghi

Baggio

Phillips

et al. 2018

IJCHM

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Purpose This paper aims to provide a review of hotel performance within the hospitality and tourism research domain. The authors use network analysis to examine two research questions. The first relates to ascertaining general trends within the hotel performance literature, and the second focuses on identifying the salient streams and sub-topics. Design/methodology/approach Articles were selected according to three criteria: keywords, journals and year of publication. The analysis embraces 20 years (1996-2015). These choices assure a wide coverage of the literature. Using these three criteria, the sample includes 1,155 papers. For the analysis, the authors created a network of papers designated as nodes, and the citations among the papers as links. A network approach recognizes the internal structure of the network by identifying groups of nodes (papers) that are more densely connected between themselves than to other nodes within the network (modules, clusters or communities). Findings The authors found 761 papers that were “connected” studies within the network. By contrast, 34 per cent of the sample (394 papers) consists of “unconnected” studies. Excluding outliers, the net sample was 734 articles. The authors identify 14 clusters, which they break down into several sub-topics. The authors conclude by providing some conclusions regarding trends and future research directions. With regards to salient topics, cross-citation and network analysis provide a detailed picture of where the literature comes from and where it currently stands. Conclusions are articulated at the theoretical and empirical levels. Originality/value Compared with previous hotel performance reviews, the approach followed by this study enables the discovery of an analytical research map, which is able to identify both clusters and sub-topics populating each segment. Researchers are able to position their work and identify issues that are in growth and decline.

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Section: Cluster 4 -Diversification Strategiesmentioning

confidence: 99%

Hotel performance and research streams: a network cluster analysis

Sainaghi

Baggio

Phillips

et al. 2018

IJCHM

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“…(iv) This study uses a large number of observations from European countries, developed countries and emerging countries. The sample includes firms acting in all sectors of activity, except the financial sector, while the majority of studies related to company performance assessing were conducted to individual sectors such as: iron and steel industry [11], agriculture [12,13], transportation [12,14,15], manufacturing [16], retail [17], banking [18,19], insurance [20,21] and the hotel industry [22].…”

Section: Introductionmentioning

confidence: 99%

Analysis of Risk Factors Affecting Firms’ Financial Performance—Support for Managerial Decision-Making

2019

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This paper aims to investigate how financial variables and exogenous crises influence firms’ financial performance, and how these factors may help managers in decision-making to increase their firm’s wealth. The dynamic interactions among variables were studied by applying a panel vector autoregressive model using annual data for a sample of non-financial firms from European countries. Results indicate that liquidity, leverage and productivity positively affect firm performance, while solvency and asset turnover are positive and statistically significant only in the case of return on equity. Labour productivity induces that firms tend to display larger efforts to keep financial performance in face of a crisis, considering that the crisis reveals a negative statistical impact over return on assets.

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“…Por este motivo, han sido muchos los estudios que se han realizado para analizar la influencia de esta estrategia sobre la rentabilidad empresarial. Entre ellos, podemos citar los trabajos de Berger y Ofeck (1995), Bettis (1981), Chen y Chang (2012), Christensen, y Montgomery (1981), Lee y Jang (2007), Montgomery y Wernerfelt (1988), Pandya y Rao (1998), Ramírez y Espitia (2002), Rumelt (1974Rumelt ( y 1982 o Sing y Gu (1994).…”

Section: Estrategias De Diversificación Empresarialunclassified

La diversificación geográfica internacional de las cadenas hoteleras españolas en años de crisis

Andreu

Claver

Quer

2017

turismo

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RESUMENDentro del sector turístico, el sector hotelero español representa uno de los sectores más dinámicos. Prueba de ello es la gran cantidad de decisiones estratégicas de crecimiento que son tomadas continuamente por las empresas hoteleras españolas. Entre estas estrategias de crecimiento, el presente trabajo se centra en las estrategias de diversificación geográfica. Concretamente, se analiza la evolución en la diversificación internacional de las cadenas hoteleras españolas durante los años 2008-2014 y su relación con la rentabilidad empresarial. Para complementar el análisis, también se analiza la relación entre la diversificación y otras variables empresariales como el tamaño y la antigüedad.Palabras clave: cadenas hoteleras, diversificación geográfica, rentabilidad, tamaño, antigüedad. International geographic diversification of Spanish hotel chains during the crisis period ABSTRACTThe hotel sector is one of the most dynamic tourism industries in Spain and one of the most important industries for the Spanish economy. Proof of this is the large number of growth strategies that are continuously carried out by Spanish hotel companies. Within these growth straRecibido: 21 de diciembre de 2015 Devuelto para su revisión: 4 de mayo de 2016 Aceptado: 25 de julio de 2016

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Diversification strategy and financial performance in the Taiwanese hotel industry

Cited by 39 publications

References 11 publications

Hotel performance and research streams: a network cluster analysis

Hotel performance and research streams: a network cluster analysis

Analysis of Risk Factors Affecting Firms’ Financial Performance—Support for Managerial Decision-Making

La diversificación geográfica internacional de las cadenas hoteleras españolas en años de crisis

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