Measuring Managerial Ability in the Hotel Industry

Mike G. Tsionas; A. George Assaf; Florian Kock

doi:10.1016/j.ijhm.2022.103223

Measuring Managerial Ability in the Hotel Industry

Mike G. Tsionas^*, A. George Assaf^*, Florian Kock^*

^*Corresponding author af dette arbejde

Institut for Afsætningsøkonomi

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review

Abstract

This note develops and implements a novel model to estimate managerial ability for different hotels over time. Our model is a dynamic Multiple Indicator Multiple Causes (MIMIC) model. We use Bayesian techniques organized around Markov Chain Monte Carlo and we perform detailed posterior sensitivity with respect to the prior. We propose estimating managerial ability using accounting data only, hence facilitating more studies and hypothesis testing in this area.

Originalsprog	Engelsk
Artikelnummer	103223
Tidsskrift	International Journal of Hospitality Management
Vol/bind	103
Antal sider	6
ISSN	0278-4319
DOI	https://doi.org/10.1016/j.ijhm.2022.103223
Status	Udgivet - maj 2022

Bibliografisk note

Epub ahead of print. Published online: 23 April 2022.

Adgang til dokumentet

10.1016/j.ijhm.2022.103223Licens: Ikke-specificeret

https://www.research.lancs.ac.uk/portal/services/downloadRegister/356727287/paperIJHMrevised_AutoRecovered_1_FK_002_.pdfLicens: CC BY-NC-ND

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Citationsformater

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AB - This note develops and implements a novel model to estimate managerial ability for different hotels over time. Our model is a dynamic Multiple Indicator Multiple Causes (MIMIC) model. We use Bayesian techniques organized around Markov Chain Monte Carlo and we perform detailed posterior sensitivity with respect to the prior. We propose estimating managerial ability using accounting data only, hence facilitating more studies and hypothesis testing in this area.

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DO - 10.1016/j.ijhm.2022.103223

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