Measuring Managerial Ability in the Hotel Industry

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

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review


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.
Original languageEnglish
Article number103223
JournalInternational Journal of Hospitality Management
Number of pages6
Publication statusPublished - May 2022

Bibliographical note

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

Cite this