Contagion Effect on Business Failure: A Spatial Analysis of the Hotel Sector

IF 4.4 3区管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM

Journal of Hospitality & Tourism Research Pub Date : 2021-06-21 DOI:10.1177/10963480211023804

Milagros Vivel-Búa, Rubén Lado-Sestayo

引用次数: 5

Abstract

This article analyzes the contagion effect on business failure, focusing on the Spanish hotel sector. The sample consists of 3,948 hotel micro-, small, and medium-sized enterprises in the 2012-2015 period and includes variables related to characteristics of the hotel and tourist destination. The results show that the contagion effect is significant, increasing the explanatory capacity of the model. Moreover, the results show that the analysis of the contagion effect should consider not only its simultaneous impact but also that deferred over time on the probability of failure. Thereby, this study found that after the initial shock, the contagion effect decreases and changes its sign from negative to positive in the fourth year.

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传染效应对企业失败的影响:基于酒店行业的空间分析

本文以西班牙酒店业为研究对象，分析了企业倒闭的传染效应。样本包括2012-2015年期间的3948家酒店微型、小型和中型企业，包括与酒店和旅游目的地特征相关的变量。结果表明，传染效应显著，提高了模型的解释能力。此外，研究结果表明，传染效应的分析不仅应考虑其同时影响，还应考虑随着时间的推移对失效概率的影响。因此，本研究发现，在最初的冲击之后，传染效应减弱，并在第四年由负变为正。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Hospitality & Tourism Research HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

10.10

自引率

9.50%

发文量

期刊介绍： The Journal of Hospitality & Tourism Research (JHTR) is an international scholarly research journal that publishes high-quality, refereed articles that advance the knowledge base of the hospitality and tourism field. JHTR focuses on original research, both conceptual and empirical, that clearly contributes to the theoretical development of our field. The word contribution is key. Simple applications of theories from other disciplines to a hospitality or tourism context are not encouraged unless the authors clearly state why this context significantly advances theory or knowledge. JHTR encourages research based on a variety of methods, qualitative and quantitative.