There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no personal assets. In this paper, we investigate the...

The purpose of this study is to explore the accuracy issue of the Input-Output model in quantifying the impacts of the 2007 economic crisis on a local tourism industry and economy. Though the model has been extensively used in the tourism impact analysis, its estimation accuracy is rarely...

In this article we investigate the behavior in asset sales of publicly traded U.S. hotel firms in relation to earnings management. Asset disposition has been regarded as one of the most efficient methods for controlling accounting income. Given a heavy weight of fixed assets in the asset...

This study utilizes common time series forecasting methods to determine which of several simple, popular time series forecasting techniques was the best predictor of the decline in United States weekly RevPAR as the lodging industry entered its severe downturn in 2009. This study identifies the...

This two-part paper is intended to explore the task of differentiating a professional gambler from a leisure gambler, specifically, among online poker players. The first part of the study consists of a statistical analysis to identify the requisite number of hands of online poker required to...

Franchising plays a significant role in the rapid growth of its retail sales. Franchising is a system in which the franchisor grants a license, trademark,and service mark, as well as advice, and assistance in organizing, merchandising, and managing the business as a long-term business...

This study investigates the relationship between internally generated cash flow and firm investment in the restaurant industry. Our focus is particularly on the difference of the investment-cash flow sensitivity between franchise and non-franchise restaurant companies.Our particular interest in...

The current paper reviews the history of lease accounting and will assess the perceived impact that proposed changes in lease accounting will have on the lodging industry. A questionnaire is distributed to 500 members of the lodging section of the Hospitality Financial and Technology...

Customer satisfaction has been considered one of the most prominent factors in the measurement of marketing strategies and performances. On the other hand, profitability and value of firm are important indicators of companies’ financial performance. Considering the unique differences from...

This paper analyzes the effect of the 2003 Illinois gaming tax increase on Indiana riverboat gaming demand. The four riverboats located in Indiana’s Northeast corner are examined. Slot machine coin-in from January 2000 to December 2006 is chosen to represent gaming demand. Multiple regression...