What affect the earnings of the hotel industries in Visegrad group?

Kód výsledku v IS VaVaI

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RIV/62156489:43110/16:43910336

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

What affect the earnings of the hotel industries in Visegrad group?

Popis výsledku v původním jazyce

In crisis times within the European Union it is more important to focus the research on another economic integrated units i.e. Visegrad Group. The hotel industry is well known for its importance within each economy. However, the question, what has affected the earnings of the hotel industries in Visegrad Group still remains. Main contribution of current paper is in the comparison of the investigation between the situation in the Czech Republic, Hungary, Poland and Slovakia, as well. The aim of the paper is to estimate whether or not are earnings affected more by relationship with debtors or by relationship with creditors within the hotel industries in selected Visegrad countries. We have used Generalized Method of Moments (GMM) regression method with pooled data of those countries. It is obtained a large data set from AMADEUS statistical database. Even the situation would differentiate due to some economic events as the global financial crisis, we have concluded that the turnover of cl aims of debtors is crucial in term of the hotels´ earnings within the Czech Republic and Slovakia, whereas in Poland it is the liquidity, what is a key factor to maximize earnings of the hotel industry.

Název v anglickém jazyce

What affect the earnings of the hotel industries in Visegrad group?

Popis výsledku anglicky

In crisis times within the European Union it is more important to focus the research on another economic integrated units i.e. Visegrad Group. The hotel industry is well known for its importance within each economy. However, the question, what has affected the earnings of the hotel industries in Visegrad Group still remains. Main contribution of current paper is in the comparison of the investigation between the situation in the Czech Republic, Hungary, Poland and Slovakia, as well. The aim of the paper is to estimate whether or not are earnings affected more by relationship with debtors or by relationship with creditors within the hotel industries in selected Visegrad countries. We have used Generalized Method of Moments (GMM) regression method with pooled data of those countries. It is obtained a large data set from AMADEUS statistical database. Even the situation would differentiate due to some economic events as the global financial crisis, we have concluded that the turnover of cl aims of debtors is crucial in term of the hotels´ earnings within the Czech Republic and Slovakia, whereas in Poland it is the liquidity, what is a key factor to maximize earnings of the hotel industry.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Economic policy in the European Union member countries

ISBN

978-80-7510-210-2

ISSN

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e-ISSN

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Počet stran výsledku

5

Strana od-do

223-330

Název nakladatele

Silesian University in Opava, School of Business Administration in Karvina

Místo vydání

Karviná

Místo konání akce

Karviná

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

000403638200023