Using data over a ten-year period from the Finnish tourism sector comprising more than 15 000 firm-year observations, as well as various models, this paper studies whether firms with a female CEO (Chief Executive Officer) hold a larger level of cash than those with a male CEO. The study controls...

This paper empirically investigates the effect of leverage on strategic preemption. Using new data on entry plans and incumbent investments from the American casino industry, I find that high leverage prevents incumbents from responding to entry threats. Facing the same set of entry plans, low...

This research has produced a New Zealand model (tool) to help address a critical issue for sports clubs. We have produced an early warning system for clubs to know when they are getting into financial trouble, which should prompt them to plan to remain sustainable. In extending and adapting...

The lack of long term planning and the existence of a number of deferred maintenance for which the financial impact has not been measured is likely to be affecting this. Accordingly, while small clubs had the lowest administration costs and debt and were more highly liquid on average than other...

This study analyses the performance of European football clubs which undergo an initial public offering (IPO). We use a unique time-series and cross-section dataset consisting of domestic and international performance data to develop an event study to investigate the effects of a football club's...

This paper explores the effects of online customer ratings on debt capacity. Using a large sample of Parisian restaurants, we find a positive and economically significant relation between customer ratings and bank debt. We use the locally exogenous variation in customer ratings resulting from...

Heterogeneity and complexity determine multidisciplinary approach to the hospitality research. Identification and analysis of limited hospitality development factors imply very complex scientific approach. Case study methodology is applied on Republic of Serbia, which is transition country and...

One of the most prominent contemporary success stories is tourism. This industry began to significantly increase only in 1960, and during the last 50 years, tourism revenues and number of outgoing people have increased by a number of times. Therefore, the tourism sector is highly attractive to...

Football League clubs have agreed strict Financial Fair Play rules in what could be the most significant change to the way the game is governed. Faced with increased wage costs, losses, debt and insolvency, the new rules will impose a transfer embargo on clubs that overspend. In this study we...