Firm-specific and Contextual Determinants of Sri Lankan Corporate Hotel Performance

Prageeth Roshan Weerathunga, Chen Xiaofang and Manoj Samarathunga
Additional contact information
Prageeth Roshan Weerathunga: School of Management, Wuhan University of Technology, Wuhan, 430070, P.R. China
Chen Xiaofang: School of Management, Wuhan University of Technology, Wuhan, 430070, P.R. China
Manoj Samarathunga: School of Tourism, Sichuan University, Chengdu, P.R. China.

International Journal of Economics and Financial Issues, 2019, vol. 9, issue 3, 213-224

Abstract: Stimulated by the burgeoning tourism industry and its vital importance to the country's economy, this study examines the firm-specific and contextual determinants of Sri Lankan corporate hotel performance. We use data from a sample of 29 listed hotels for seven years from 2012 to 2018. This study uses a multidimensional financial performance measure (CFPS), in addition to return on assets (ROA) and return on equity (ROE). Consequently, the results from the panel regression revealed that hotels' age and size are negatively and significantly affect financial performance. Furthermore, the results suggest that the profitability of Sri Lankan hotels is driven by managerial efficiency, Location factors, geographical diversification, and connection to a wider business network.

Keywords: Firm Performance; Determinants; Corporate Hotels (search for similar items in EconPapers)
JEL-codes: L1 M21 M37 M41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/7880/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/7880/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2019-03-21

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().