Based on moral hazard, this paper introduces corporate cash holding into the dynamic stochastic general equilibrium (DSGE) model to explain the insufficient investment and monetary policy ineffectiveness, and further discuss the optimal countercyclical policy. Different from external financing...

Limited research exists on the current strategic issues and the strategies utilized by hoteliers of Ontario, Canada. The researchers conducted a pilot study by utilizing an e‐mail survey, attempting to identify the current strategic issues and strategies implemented by Ontario hotels. The...

Purpose – The purpose of this paper is to review the impact that the 2003 SARS epidemic had on tourism and summarize the lessons that were learned from this crisis. To offer both practical and strategic tips for hoteliers and destination marketers in the Niagara region should a similar crisis...

Purpose – This paper aims to analyse challenges, trends and innovations in the hotel industry in Canada, focusing on large corporate hotels as well as small limited service hotels. Design/methodology/approach – The foundation for this paper was laid during a well attended Worldwide...

Purpose – This paper seeks to investigate sulphur dioxide (SO 2 ) emissions trading practice in China and discusses what it might reveal about the suitability of using emissions trading to achieve carbon reductions in China. Design/methodology/approach – The paper explores the Taiyuan SO 2...