Distress Analysis and Risk Score of Hotels: A Longitudinal Study

Vilas G. Waikar and Sigfred Fernandes
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Vilas G. Waikar: Cass Business School, City, University of London, India
Sigfred Fernandes: Goa University, India

International Journal of Risk and Contingency Management (IJRCM), 2020, vol. 9, issue 3, 1-14

Abstract: This article is first study of a service firm's risk/risk management score and Zeta function, particularly . analysis how risk disclosure and financial performance varies longitudinally. Using mix methodology, research uses Z score-discriminant function Z_I= ∑_(i=1)^n〖β_i X_i 〗 Z, X -specific to hotel industry and the risk scores, extracted from analysis of formal disclosures from annual reports . This article identifies that risk and risk management practices differ across hotel formats. The analysis of Z scores and risk disclosures reveals the association between these variables. The international hotels in comparison to national and local hotels are more distressed and hence have high risk scores confirming awareness of strength of this relation. Local standalone hotels are exhibiting high volatility and exhibit low risk score. This unique relationship between z score and risk disclosures will prove to have sustained relevance to risk academicians and practitioners.

Date: 2020
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