Heterogeneous impacts of the COVID-19 pandemic on financial performance among European hotels

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F25%3AA0000525" target="_blank" >RIV/47813059:19520/25:A0000525 - isvavai.cz</a>

Result on the web

<a href="https://www.inderscience.com/info/ingeneral/forthcoming.php?jcode=ijcee#120971" target="_blank" >https://www.inderscience.com/info/ingeneral/forthcoming.php?jcode=ijcee#120971</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1504/IJCEE.2024.10063831" target="_blank" >10.1504/IJCEE.2024.10063831</a>

Result language

angličtina

Original language name

Heterogeneous impacts of the COVID-19 pandemic on financial performance among European hotels

Original language description

The purpose of the paper is to investigate whether there would have been differences in the change of shareholders’ funds caused by the COVID-19 pandemic in Europe among medium-sized hotels. Annual data for 17 European countries have been obtained from the Bureau van Dijk Orbis database and clustered with epidemiological data from NUTS-3 regions among selected countries. Using heterogeneous difference-in-differences with cohorts, the average treatment effect on treated has been estimated with panel data. Specifically, differences between the levels of shareholders’ funds and the impact of the moderation effect between return on equity and dividends during the pandemic considering the morbidity among pandemic patients in selected regions. The results have suggested that the impact of the pandemic varies between hotels with a high concentration of ownership structure having a major owner and those with a low concentration and dispersed ownership structure.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2025

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

International Journal of Computational Economics and Econometrics

ISSN

1757-1170

e-ISSN

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Volume of the periodical

15

Issue of the periodical within the volume

1-2

Country of publishing house

CH - SWITZERLAND

Number of pages

16

Pages from-to

18-33

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-105000225635