Surviving the recession with efficiency improvements: The case of hospitality firms in Portugal

Patel, Pankaj C.; Guedes, Maria João

doi:10.1002/jtr.2132

Cited by 8 publications

(5 citation statements)

References 65 publications

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“…Energy efficiency (EE) provides an opportunity to substantially reduce energy consumption and consequently GHG emissions from the services sector (Hrovatin et al 2016 ; Liang et al 2019 ; Schleich 2009 ; Schlomann and Schleich 2015 ) and also to reduce energy-related running costs in that sector (Mavrotas et al 2003 ; Patel and Guedes 2017 ; Sakshi et al 2020 ). Several studies have analysed the potential energy savings, avoided CO 2 emissions and profitability of EE investments (Cattaneo 2019 ; Fleiter et al 2012 ).…”

Section: Introductionmentioning

confidence: 99%

Factors affecting energy-efficiency investment in the hotel industry: survey results from Spain

et al. 2021

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Increasing energy efficiency is a major way of saving energy and thus reducing energy expenses. However, adoption of energy efficiency is generally low, as demonstrated by the energy efficiency gap. To understand that gap, this paper analyses the factors that affect how the energy efficiency attribute is rated in investment in heating, ventilation and air conditioning (HVAC) systems in the hotel industry in Spain. A survey conducted on two hundred owners of hotels, hostels and holiday cottages (referred to jointly here for the sake of convenience as “the hotel industry”) shows that the value placed on energy efficiency is influenced not just by climate conditions, environmental concern and type of hotel but also by other attributes of the HVAC system such as brand reliability, price and performance. The hotel industry may also be identifying EE as a proxy for quality rather than savings. Designing the right energy-efficiency policy entails accounting for potential responses by agents, and this analysis helps identify those drivers to which they may or may not respond.

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Section: Introductionmentioning

confidence: 99%

Factors affecting energy-efficiency investment in the hotel industry: survey results from Spain

et al. 2021

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“…The analysis focuses on the household, services and transport sectors in Spain, which between them account for about 75% of the country's energy consumption (IDAE 2017). EE provides an opportunity to reduce energy consumption in the household sector (Linares and Labandeira 2010;Ramos et al 2015) and in the accommodation and transport sectors (Schleich 2009;Schlomann and Schleich 2015) and to reduce energyrelated running costs in the services sector (Patel and Guedes 2017;Sakshi et al 2020).…”

Section: Introductionmentioning

confidence: 99%

Consumers’ preferences regarding energy efficiency: a qualitative analysis based on the household and services sectors in Spain

et al. 2020

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Informational failures frequently lead consumers to make non-optimal energy-efficient purchasing decisions. Energy efficiency labels seek to influence consumer behaviour at the point of sale by reducing informational failures regarding energy efficiency. However, several informational and behavioural factors contribute to the energy efficiency gap and could render label-oriented policies useless. The purchasing decision model of Allcott and Greenstone (The Journal of Economic Perspectives, 26, 3–28, 2012) is used here to explore the different factors that influence purchasing decisions and understand (i) the importance of energy consumption compared to other attributes; (ii) how consumers weight energy savings and (iii) what other benefits and costs influence the purchase of energy-efficient goods. The analysis reported here is based on qualitative research methods and is conducted in the household and service sectors (the accommodation sector and private service companies), for appliances, heating and cooling systems and cars in Spain. Results show that (i) there is still an informational gap regarding energy labels and (ii) bounded rationality and end-user behaviour are important limiting factors for the purchase of energy-efficient goods in Spain.

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“…The study confirmed IC’s substantial influence on strategic and financial performance. Patel and Guedes (2017) assessed IC in 1,647 Portuguese hospitality firms (2007–2014) using Return on Intangible Assets (ROIA). Findings suggested that increasing returns on fixed and intangible assets significantly affected operating profit.…”

Section: Resultsmentioning

confidence: 99%

How to assess the intellectual capital of firms in uncertain times: a systematic literature review and a proposed model for practical adoption

Cosa,

Pedro,

Urban

2023

JIC

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PurposeIntellectual capital (IC) plays a crucial role in today’s volatile business landscape, yet its measurement remains complex. To better navigate these challenges, the authors propose the Integrated Intellectual Capital Measurement (IICM) model, an innovative, robust and comprehensive framework designed to capture IC amid business uncertainty. This study focuses on IC measurement models, typically reliant on secondary data, thus distinguishing it from conventional IC studies.Design/methodology/approachThe authors conducted a systematic literature review (SLR) and bibliometric analysis across Web of Science, Scopus and EBSCO Business Source Ultimate in February 2023. This yielded 2,709 IC measurement studies, from which the authors selected 27 quantitative papers published from 1985 to 2023.FindingsThe analysis revealed no single, universally accepted approach for measuring IC, with company attributes such as size, industry and location significantly influencing IC measurement methods. A key finding is human capital’s critical yet underrepresented role in firm competitiveness, which the IICM model aims to elevate.Originality/valueThis is the first SLR focused on IC measurement amid business uncertainty, providing insights for better management and navigating turbulence. The authors envisage future research exploring the interplay between IC components, technology, innovation and network-building strategies for business resilience. Additionally, there is a need to understand better the IC’s impact on specific industries (automotive, transportation and hospitality), Social Development Goals and digital transformation performance.

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Surviving the recession with efficiency improvements: The case of hospitality firms in Portugal

Cited by 8 publications

References 65 publications

Factors affecting energy-efficiency investment in the hotel industry: survey results from Spain

Factors affecting energy-efficiency investment in the hotel industry: survey results from Spain

Consumers’ preferences regarding energy efficiency: a qualitative analysis based on the household and services sectors in Spain

How to assess the intellectual capital of firms in uncertain times: a systematic literature review and a proposed model for practical adoption

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