Does the accounting result and the business dimension affect the efficiency of hotel companies?
DOI:
https://doi.org/10.25145/j.pasos.2014.12.021Keywords:
Hotel companies, tourism, sectoral analyses, efficiency and performance evaluation.Abstract
In this paper, we empirically estimate the sectoral efficiency of Spanish hotel companies in the first half of the decade with microeconomic data and its relationship with the economic result and the size of the company. With non-parametric DEA methodology, we obtain global and individual efficiency indices for each of the hotel companies analyzed, and their evolution in the period. A second-stage analysis uses a variance analysis model, which leads to the conclusion that the most efficient companies are the smallest and those that obtain positive economic results. Efficiency, moreover, is shown as a stable short-term variable.
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