Despite the frequent recognition by the literature on oversupply in the US lodging industry and its adverse effect on industry performance, the academia is yet to provide a clear explanation on when the oversupply has actually taken place, and if so, by how much. Observing that the difficulty in...

Despite the relatively short history of research efforts on exchange rate exposure, past studies have shown considerable attention to trading firms and industries. Meanwhile, international tourism demand is often explained as a function of the exchange rate between the home and visiting...

The implementation of Statement of Financial Accounting Standard (SFAS)133 had raised concerns about the potential impact the standard could have on firm hedging activities. Chief among these concerns has been an increase in earnings volatility and a reduction in the use of derivatives....