bluuebunny/crossref_metadata_2025_split huggingface dataset:
Financial leverage phenomenon in hospitality industry sub-sector portfolios
Authors: Kizildag Murat 
Published: November 2015

Purpose
– This paper aims to seek answers to a primary question: “How much do divergent leverage factors account for fluctuations in time-varying financial leverage in leading hospitality sub-sectors decomposed by four exclusive sub-portfolios?” In the path of seeking answers, this paper investigated the effects of both firm-specific and macroeconomic indicators to firms’ varying financial leverage in those primary sub-sectors overtime.

Design/methodology/approach
– In each sub-sector portfolios, firms were sorted based on market-to-book values (Mktbk
it
) with median breakpoint percentiles. For hypothesis testing, this paper constructed panel regression models with firm fixed-effects to layout fluctuant financial leverage phenomenon engaged with a set of 11 leverage factors in each Mktbk
it
sorted sub-sector portfolios.

Findings
– Results exhibited assorted evidences. The bottom line was: firms with different market capitalization rates in each portfolio acted differently in regard to the magnitude of financial leverage across time.

Research limitations/implications
– The final sample of 415 firms in four sub-sector portfolios sufficiently embraced financial leverage composition in the hospitality industry across time. However, by reason of lack of data in the other intra-hospitality industries, such as gaming and/or cruise lines, findings did not represent the firms operated in those sub-industries.

Originality/value
– This paper departed from the established context of the previous literature in the manner that it expects to add to the literature by demonstrating the core drivers causing the deviations in financial structure in four exclusive, hospitality industry sub-sector portfolios with varying leverage proxies overtime.
Exploration of revenue management practices – case of an upscale budget hotel chain
Authors: El Haddad Rania 
Published: November 2015

Purpose– The purpose of this study is to investigate the implementation of revenue management (RM) pricing practices and managers’ perceptions towards this practice in a budget hotel chain and to provide recommendations for improving the adoption of and perception towards this practice.Design/methodology/approach– A single case study method was adopted to conduct an in-depth qualitative research in a hotel organization. In-depth data were collected through semi-structured interviews, observations and documentation.Findings– The research findings indicate that the implementation of revenue management system (RMS): needs to be clearly communicated and made tangible to employees; can impact the profitability of the budget hotel sector and not only mid-scale or luxury sectors; and remains a profit-oriented decision with little consideration for customer outcomes.Research limitations/implications– The findings may not apply to mid-scale or luxury properties, as the results cannot be generalized to other hotel chains in other countries that apply complex pricing structures. Future research might develop multiple case study design to increase the rigor of the research by focusing on themes or patterns uncovered in a single case study.Practical implications– The practical application of the study is twofold: the recommendation to maintain ongoing implementation activities, such as designing operational plans and training programs; the recommendation for a RM pricing strategy that maintains positive price fairness perceptions and results in positive behavioral intentions.Originality/value– This study helps advance our understanding of the characteristics that influence the success of RM implementation in the budget hotel context and provides us with useful insights to design effective dynamic strategies to enhance the implementation process both for the organization and its stakeholders.
Health tourism
Authors: Yang Jae Yeon , Paek Soyon , Kim Taegoo (Terry) , Lee Tae Hee 
Published: November 2015

Purpose
– The purpose of this study is to explore the effect of tourists’ needs for healing experience (NHE) on behavioral intentions for transformation (BIT) with healing involvement (HI) as a mediator. Using the two sub-constructs of BIT in the tourism industry (i.e. selection of healing tour products and transformational intention of healing tour behavior), this study evaluates BIT.

Design/methodology/approach
– The survey was administered to visitors in healing resorts/centers in Korea; 383 completed surveys were used to investigate the hypothesized relationships of this study using regression analysis.

Findings
– The study results confirmed the hypothesized relationships: the positive effects of NHE on BIT and the significant mediating role of HI in the relationships between NHE and BIT.

Practical implications
– The relationships among NHE, HI and BIT can improve the understanding and practices of healing experience and the development of healing products in the tourism industry. This study offers a meaningful and extended perspective on customers’ experience and product development by interpreting customers’ desires and needs.

Originality/value
– This study explores the under-researched subject of NHE and HI from a transformative economic perspective. The study is among the first to examine the structural relationships among NHE, HI and BIT. The uniqueness of the study is highlighted by the use of two sub-dimensions of the BIT industry (i.e. selection of healing tour products and transformational intention of healing tour behavior) in a tourism context.
Social networks of Danish farmer investors in CEEC
Authors: Hajderllari Luljeta 
Published: November 2015

Purpose– The purpose of this paper is to investigate “embeddedness” of business relationships within social relationships of Danish farmer investors (DFI) concerning agricultural investment and expansion abroad.Design/methodology/approach– Based on a survey of 61 DFIs operating abroad, information is elicited regarding their organisational network connections in terms of business and social relationships to other DFIs also operating abroad.Findings– Results indicate that cooperation and received and given advice are positively related to social ties, whereas competition is negatively related, thereby supporting the idea that business relationships are embedded in social relationships. This implies that actors may behave less cooperatively in new institutions where they compete for scarce resources.Originality/value– This paper assesses what happens when farmers change from the stable Danish environment to a foreign one. Will they be still cooperating with each other or they will adjust to the new institutions?
Do corporate diversification and earnings management practices affect capital structure?
Authors: Ajay Ranjitha , Madhumathi R 
Published: November 2015

Purpose
– The purpose of this paper is to empirically examine the impact of earnings management on capital structure across firm diversification strategies.

Design/methodology/approach
– The study focuses on firms operating in the manufacturing sector (diversified and focused). Panel data methodology compares diversification strategies and identifies the impact of diversification strategy with earnings management practices on capital structure decision.

Findings
– International and product diversified firms have lower levels of leverage than focused firms in their capital structure. Asset-based earnings management is positive for diversified (market/product) firms. Earnings management using discretionary expenditure (project based) is found to be higher for market diversified but product-focused firms. Earning smoothing method is found to be significant for focused firms and shows a negative relationship with capital structure.

Originality/value
– This study offers an insight into the relationship between corporate diversification, earnings management and capital structure decisions of manufacturing firms. The results provide an important contribution to accounting and strategy literature. A distinction is made between market- and product-diversified firms and influence of earnings management practices (asset-based, project-based and earnings smoothing (ESM)) on capital structure decisions. Diversified firms (market/product) tend to have lower levels of leverage than focused firms and earnings management practices within firm groups significantly influence the capital structure decisions.
Combating money laundering by the banks in India: compliance and challenges
Authors: Viritha B , Mariappan Velu , Venkatachalapathy Varun 
Published: November 2015

Purpose
– The study was conducted to assess the level of compliance with regulatory guidelines on anti-money laundering (AML) in the scheduled commercial banks in India, and to understand the bottlenecks in AML implementation.

Design/methodology/approach
– The respondents were employees working in the banks located in the States of Puducherry and Tamilnadu. Snowball sampling method was adopted in selecting the sample. The sample consisted of 392 employees from the public sector, private sector, and foreign banks in India. The data was collected by administering the structured questionnaire during the period June, 2014 to January, 2015. Descriptive and non-parametric tests were applied, and the significance was considered at þ ≤ 0.5.

Findings
– Results indicated that the banks were largely complying (3.67 ± 1.39) with the AML measures under study. The compliance with guidelines on KYC updation was found to be higher (79.9 per cent), followed by reporting requirements (72.7 per cent), and customer identification procedures (57.4 per cent). The practice of customising or amending the AML policy of the bank according to the bank
'
s business risks and evolving regulatory obligations was found unsatisfactory (67.1 per cent). The respondents in majority agreed to the identified issues such as deficit of resources, lack of customer support, training, feedback and information exchange as constraints in the practice of AML.

Originality/value
– There is a dearth of studies examining the AML/CFT implementation in the financial institutions of India. Accordingly, the present study attempts to assess the practices of AML/CFT in commercial banks and understand their challenges faced in implementing it.
No more bullsh*t: securities opinions after Omnicare
Authors: Frumento Aegis , Korenman Stephanie 
Published: November 2015

Purpose
– To review and analyze the implications for rendering opinions in connection with the sale of securities in the wake of the US Supreme Court’s decision in Omnicare, Inc. et al. v. Laborers District Council Constr. Ind. Pension Fund, et al.

Design/methodology/approach
– Analyzes the Omnicare holding and dissent in light of past practices and decisions and discusses how the case changes the risks of liability for rendering opinions in registration statements, and by necessary implication in other contexts where the securities laws proscribe either the statement of untrue “facts” or, by omissions, the making of misleading “statements.”

Findings
– Omnicare opens issuers and securities professionals to liability for rendering opinions that are not reasonably based in facts and rationality. Because the measure of such reasonableness depends on the reasonable investor, makers of opinions will need to take more matters into consideration in rendering opinions than they might have previously, when the only test of an opinion was whether it was genuinely believed by its maker. This creates a number of unresolved issues, but it also suggests that prudence will dictate more detailed disclosure and documentation of the bases of opinions than has been thought necessary until now.

Originality/value
– Practical guidance from experienced securities and financial services lawyers.
Development cycle and carrying capacity
Authors: Silva Adilson Aderito da , Silva e Meirelles Dimária , Porto Elvio Correa 
Published: November 2015

Purpose– The purpose of this paper is to examine the development cycle of Brazilian banking sector during the lengthy period between 1889 and 2009, also identifying an equilibrium number of financial institutions based on the carrying capacity of the environment.Design/methodology/approach– The number of institutions in equilibrium is calculated based on the population density dependence model adopted under the organizational ecology theory. Quantitative data of founding and failure and qualitative data (interviews with the directors, officers and chief executive officers (CEOs) of selected companies) were used.Findings– In all three bank segments (commercial, investment and multiple), the total number of banks in operation on December 31, 2009 was below the carrying capacity. However, in the multiple bank segment, the gap between the actual and potential figures is slightly smaller. As indicated by the respondents, there is almost no room for newcomers in the major bank segments. In counterpart, there is still space for new arrivals in the mid-market bank sector.Research limitations/implications– The findings presented here may change, as carrying capacity is determined by political, legal and economic factors, including the availability of resources in niches and constraints imposed through laws, rules and other regulatory aspects. However, raising the life cycle of the entire population offers opportunities for future research on individual organizational trajectories, using new theoretical and methodological perspectives, such as dynamic capabilities and process theory.Practical implications– The main contribution of this paper lies in indicating the growth potential for banking institution populations in Brazil, and may be used not only by potential newcomers eager to enter the sector, but also as a tool for assessing anti-trust policies.Originality/value– The development cycle of Brazilian financial institution populations is unknown, and carrying capacity is a construct less explored by academic literature, particularly in Brazil. This is a unique study since a demography of an entire banking population in a developing country does not exist, besides there is not such a financial institution like the multiple bank in Brazil.
The devil you know? A review of the literature on the impact of prior ties on strategic alliances
Authors: Valdés-Llaneza Ana , García-Canal Esteban 
Published: November 2015

Purpose– This paper aims to provide a comprehensive view of the role of previous cooperative relationships between partners at the different stages of development of strategic alliances: formation, design and post-formation, as well as their effect on alliance performance.Design/methodology/approach– This paper is a comprehensive review of the literature.Findings– This paper shows that the relationship between prior ties and alliance outcomes is more complex than what it seems at first sight. The impact that prior ties have on alliance performance and organizational adaptation is not always positive.Research limitations/implications– The main implication of this paper for researchers and managers is to show the need to consider the risks of repeated relationships between partners. This research could be developed by conducting a meta-analysis.Originality/value– This paper provides a comprehensive view of the impact of prior ties between the partners in strategic alliance outcomes. This paper sheds light on some inconclusive results of previous research on this topic.
Implementing the Value Scorecard
Authors: Town Stephen 
Published: November 2015

Purpose
– The purpose of this paper is to present a case study of the implementation and use of the Value Scorecard in a university library. The Value Scorecard seeks to articulate the full value of a library through a four dimensional matrix populated with data, evidence and narrative.

Design/methodology/approach
– The study covers two years of collection of data and evidence to populate the Value Scorecard at the University of York, UK. This is action research and development.

Findings
– The paper describes the success of the implementation of the framework across a broad university service including library, archives and IT services. The reporting template is outlined and the availability of relevant measures for populating each dimension are discussed, together with developments in the concepts of each dimension since the original paper on the scorecard. The paper reflects on the advances in the understanding and practice of performance measurement and assessment in libraries that the Value Scorecard offers. The strengths and omissions of other pre-existing frameworks, including the Balanced Scorecard, are discussed and absorbed into the value framework. The application of the Value Scorecard offers a practical and successful framework for library performance measurement and advocacy in a dynamic and changing landscape.

Research limitations/implications
– The limitations of the research are those generally applying to a single case experience.

Practical implications
– Nothing arises from the study to suggest that other libraries could not apply this framework, as it encompasses other previous frameworks and allows for local variations and circumstances. Some elements of the framework lack full measurement methods, and this is discussed.

Originality/value
– The originality and value of the paper is that it provides a unique framework for measurement of all dimensions of activity and value in an academic research library, and one that can be tailored to local requirements.
Assessing outcomes and value: it’s all a matter of perspective
Authors: Matthews Joseph 
Published: November 2015

Purpose– The purpose of this paper is to explore a wide range of performance measures, while acknowledging that of late, outcome measures have become increasingly important. Several initiatives are underway to develop a broad framework and suggest approaches to developing outcome measures for all types of libraries. However, while outcomes may be increasingly used, determining the value of a specific outcome is complicated by the reality that value is determined by a combination of perspective and each individual experiencing a specific library service.Design/methodology/approach– This paper reviews the literature about outcomes and determining the value of outcomes as a foundation for exploring these two inter-related issues – outcomes and value.Findings– The findings of a number of reports and studies are reported.Originality/value– Separating the question of identifying the outcomes associated with library services and the value of these outcomes are shaped by the perspective of value and determining value will assist libraries in attempting to measure the impact of the services they provide.
Exploring academic e-book use: part I through text analysis
Authors: Bakkalbasi Nisa , Goertzen Melissa 
Published: November 2015

Purpose
– Over the past decade, as the electronic book (e-book) collection continues to grow, Columbia University Libraries has been gathering information to develop policies related to e-book acquisition, discovery, and access. The purpose of this paper is to investigate users’ e-book search behavior and information needs across different disciplines.

Design/methodology/approach
– The research method utilizes text data from two sources: users’ e-book search queries that were entered into the libraries discovery tool called CLIO and e-book title words provided by the Counting Online Usage of Networked Electronic Resources (COUNTER) usage reports. The analysis involves identifying and quantifying certain words from users’ search queries with the purpose of examining the contexts within which these words were used.

Findings
– The prominence of topical words such as “history,” “social,” and “politics” in the list was an interesting reflection on the kinds of works users were looking for, as were the terms “handbook,” “guide,” and “manual.” The high frequency of these words imply that users were searching for broad topics, reference works, or other collections of instructions, all of which are intended to provide ready reference.

Originality/value
– Running search queries and e-book title words through a text analysis tool revealed new ideas related to what types of materials users search for and use. Text analysis of search terms and title words provided insight into the nature of e-book use, including broad topic (e.g. history), academic level of use (e.g. introductory), and genre/type (e.g. reference). While it is challenging to deduce reader intent from word frequency analysis, as text data remain widely open for interpretation, the methodology has significant strengths that drive us to continue to use in future studies.
Tourism policy in advanced economies: how can it be effective and efficient?
Authors: Keller Peter 
Published: November 2015

Purpose
– This paper aims to outline the theoretical background of tourism policy, taking into account the political changes in advanced economies. It proposes presenting a new definition of tourism policy considering its origins and the stages it went through. It aims to show the possibilities and limits of promotional and horizontal policies and to stress on the need for strategic policies and good governance to make tourism policies more effective and efficient.

Design/methodology/approach
– The conceptual paper is essentially an essay based on the long-time experience of the author in leading positions in the field of tourism policy at the national and intergovernmental level, It is a synthesis of four decades of politics from a practitioner’s side.

Findings
– Economic objectives prevail in tourism policies of advanced economies. The complexity of the market and the strong presence of the state make it difficult to plan and implement effective and efficient promotional measures. There is a need for strategic tourism policies with targeted and lean instruments, embedded horizontally into the relevant state policies.

Research limitations/implications
– Research is limited to tourism policies at the national level in advanced economies.

Practical implications
– The paper may help practitioners to evaluate tourism policies as a whole, taking into account the framework conditions. It may help to create a body of knowledge in the field of tourism policies and politics.

Originality/value
– This paper is a holistic introduction into the nature and the origin of tourism policy in liberal market economies. It shows that this policy has to change the focus under conditions of an always growing but indebted state. It proposes a switch from promotional to horizontal politics to create tourism-friendly framework conditions rather than to subsidise a sector where there are only few market failures.