Factors influencing business environment within travel and tourism competitiveness

Vašaničová, Petra; Jenčová, Sylvia; Gavurová, Beata; Bačík, Radovan

doi:10.14254/2071-789x.2021/14-4/15

Cited by 16 publications

(21 citation statements)

References 38 publications

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“…The process of setting strategic business goals should be one of the essential issues of managers. The competitive position and action plans help to create the firm's strategy, which ultimately affects the firm's operational capabilities and business outcomes (Vasanicova et al, 2021). Eight regions are in this quadrant due to low investment activity.…”

Section: Discussionmentioning

confidence: 99%

“…The population creates demand for RTPS and is its main consumer importance of the tourism sector to the country's economy, attention is paid to the causal relationship between tourism expenditure and the region's productivity. It is also important because understanding the causal relationships between them is essential in designing and implementation of tourism policies (Gavurova et al, 2021).…”

Section: Discussionmentioning

confidence: 99%

“…The researcher proposes to apply the tourist tax in Armenia, and use money from it on various tourism development programs: tourism marketing, branding, investment in tourism infrastructure etc. Vasanicova et al (2021) single out taxation (in particular, its scale and impact on incentives to work and invest) as one of the main factors in creating a quality business environment and increasing the competitiveness of tourism.…”

Section: The Role Of Recreational Potential and Investment Supportmentioning

confidence: 99%

See 2 more Smart Citations

Strategic Planning of the Recreational and Tourism Industry Development: The Ukrainian Evidence

Шпак

Bondarenko

Sroka

et al. 2022

IJEK

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The purpose of the study is to analyse the impact of the investment component on the development of the Recreational and Tourist Industry (RTI), and to perform a comprehensive analysis in order to elaborate a strategic development plan for the sector. Using the matrix method of research and mathematical method of rating, the general strategic direction of development of the recreational and tourism sphere of each region of Ukraine was estimated and chosen. We have developed a matrix "Recreational potential – RTI investment support", which consists of six quadrants and characterizes the long-term attractiveness of the recreational and tourist sphere and its investment level in the market of recreation, entertainment, and sports. The level of income per capita and the level of investment in collective accommodation facilities were investigated. This allowed to determine: (1) which regions need investments for the development of the recreational and tourist sphere as one of the priority areas; (2) which regions already have a sufficient level of cash flow in the recreational sphere, and finally, (3) which regions need careful analysis with the following elaboration of an alternative direction for recreation development in these regions. Based on two indicators, i.e. investment level and recreational potential, a matrix consisting of 6 quadrants was constructed. All regions of Ukraine were classified in this matrix. The results of the study will have implications for the industry, allowing authorities of different levels to formulate a rational policy for the development of the tourism industry.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: The Role Of Recreational Potential and Investment Supportmentioning

confidence: 99%

See 1 more Smart Citation

Strategic Planning of the Recreational and Tourism Industry Development: The Ukrainian Evidence

Шпак

Bondarenko

Sroka

et al. 2022

IJEK

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“…There is a strong correlation between them, among which human resources and the labor market have the most stable impact on tourism competitiveness. Through factor analysis, Vasanicova et al ( 2021 ) found that the legislative system and tax are the two main business environmental factors affecting tourism competitiveness. Based on the literature review, it can be seen that some scholars have paid attention to the importance of the business environment for the development of the tourism industry, but there is no literature to explore the specific factors affecting the development of tourism industry under the complex institutional environment and the combination path under the common influence.…”

Section: Literature Reviewmentioning

confidence: 99%

How business environment shapes urban tourism industry development? Configuration effects based on NCA and fsQCA

Zhang

Long

2022

Front. Psychol.

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The optimization of the business environment helps to create a good market ecological environment and promote industrial development. Based on the theory of institutional complexity, this study constructs the evaluation index system of China's urban business environment and analyzes the influencing factors using the NCA method. It is found that there is no necessary condition for a single element to constitute the high-level development of the tourism industry, but improving public service, total market volume, and innovation environment play universal roles in promoting the high-level development of the tourism industry. Using fsQCA for configuration analysis, two business environment configuration paths with high-level development of the tourism industry are obtained, which shows that there is no single path to promote the development of the tourism industry. In addition, the antecedent paths of high- and low-level tourism industry development are not the opposite, presenting an asymmetric causal relationship. The above findings reveal the realization path of the business environment for the development of China's urban tourism industry. Under the logic of multiple systems, cities can find the business ecological environment that best matches the development of the local tourism industry.

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“…Price changes are also crucial for businesses especially in the sectors that use a high level of raw materials (Janovska et al, 2012a;Janovska et al, 2012b). The business environment also represents an essential indicator of a country's competitiveness in general and in the tourism field in particular (Vasanicova et al, 2021). Therefore, the business environment also determines the performance of businesses (Dvorský et al, 2020;Dvorský et al, 2021) and firms' financial conditions (Hyránek et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Do Firm in the Tourism Sector Manage Earnings? The Case of the V4 Countries

Klieštik

Hrosova

Valášková

et al. 2022

JoTS

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We study whether the presence of earnings management in the period of 2016-2019 occurs in companies operating in the tourism sector in the V4 countries, as the issue of earnings management in the tourism sector is not developed in these countries. To identify the presence of earnings management, we apply the Jones model in each V4 country to assess the occurrence of earnings management and its direction, degree, and extent. We use regression analysis in our paper. The existence of earnings management is verified using a non-parametric Mann-Whitney test. The direction, degree, and extent are verified through discretionary accrual percentages and average discretionary accruals. The data are drawn from the Amadeus financial database. The selection of companies is based on a set criterion, where the value of total assets in the period 2016-2019 will reach at least one million euros. Our analysis shows that companies in the tourism sector in the V4 countries manipulate profits. Discretionary accrual analysis reveals different positive and negative discretionary accrual values in the V4 countries. Enterprises in Slovakia achieve lower values of positive discretionary accrual compared to negative discretionary accrual. On the contrary, in the Czech Republic, Poland, and Hungary, companies achieve higher values of positive discretionary accrual. We also found that companies in Slovakia manage their profits by decreasing compared to those in the Czech Republic, Poland, and Hungary, which in turn manage their profits by increasing.

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Factors influencing business environment within travel and tourism competitiveness

Cited by 16 publications

References 38 publications

Strategic Planning of the Recreational and Tourism Industry Development: The Ukrainian Evidence

Strategic Planning of the Recreational and Tourism Industry Development: The Ukrainian Evidence

How business environment shapes urban tourism industry development? Configuration effects based on NCA and fsQCA

Do Firm in the Tourism Sector Manage Earnings? The Case of the V4 Countries

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