Evaluating Factors of Small and Medium Hospitality Enterprises Business Failure: a conceptual approach

Anastasia Spyridou

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to present a comparison between macro and micro economic factors as they are suggested by the current literature in corporate failure field. Present study answers two research questions, firstly which the causes of corporate bankruptcies in tourism are, and secondly which metrics could help more on effectively predict a corporate failure. Based on a conceptual approach authors analyze and collect different macro and micro economic factors. Results indicates how strongly the various factors affect the quantity and intensity of bankruptcy applications and suggestions are given on how different models could be developed to predict the risk of bankruptcy in a macro or micro aspect. This is one of the first studies that investigates the effectiveness of different types of Corporate Failure metrics, which has, until now, suffered a dearth of conceptual studies in the field, especially in the context of national economies due to the economic recession.

Keywords: Corporate Failure; Metric; Micro SMTEs (search for similar items in EconPapers)
JEL-codes: L83 M13 M21 M40 (search for similar items in EconPapers)
Date: 2019-04-15
New Economics Papers: this item is included in nep-cfn, nep-sbm and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published in Tourismos: An International Multidisciplinary Journal of Tourism 14.1(2019): pp. 25-36

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93997

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