Measuring managerial ability in the hotel industry

Tsionas, Mike and Assaf, A. George and Kock, Florian (2022) Measuring managerial ability in the hotel industry. International Journal of Hospitality Management, 103. ISSN 0278-4319

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Official URL: https://doi.org/10.1016/j.ijhm.2022.103223

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.

Item Type:

Journal Article

Journal or Publication Title:

International Journal of Hospitality Management

Additional Information:

This is the author’s version of a work that was accepted for publication in International Journal of Hospitality Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Journal of Hospitality Management, 103, 2022 DOI: 10.1016/j.ijhm.2022.103223

Uncontrolled Keywords:

/dk/atira/pure/subjectarea/asjc/1400/1409

Subjects:

Departments:

Lancaster University Management School > Economics
Lancaster University Management School

ID Code:

170332

Deposited By:

ep_importer_pure

Deposited On:

13 May 2022 10:20

Refereed?: