Persistence of financial efficiency in indian hospitality and tourism industry: a dynamic panel Approach

Dinesh Jaisinghani, Mahesh Joshi (), Jatin Goyal and Sharad Sharma ()
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Dinesh Jaisinghani: Bennett University
Mahesh Joshi: RMIT University
Jatin Goyal: Punjabi University
Sharad Sharma: RMIT University

Quality & Quantity: International Journal of Methodology, 2023, vol. 57, issue 2, No 40, 1845-1863

Abstract: Abstract This paper analyses the degree of persistence of financial efficiency for the hospitality and tourism industry in India. The paper deploys the Data Envelopment Analysis technique to generate overall technical efficiency scores as well as pure technical efficiency scores. Furthermore, a dynamic panel technique proposed by Arellano and Bond (1991), is employed to test the degree of persistence of financial efficiency and its key determinants. The results confirm positive and significant persistence of efficiency for the sample firms from the hospitality industry in India. The overall results indicate that hospitality firms in India can create entry and exit barriers to generate positive persistence of financial efficiency. The study suggests regulators specifically focus on policies that can enhance the competitive dynamics of the industry. Such measures may make it imperative for the management of the firms in the sector to streamline their financial management policies to control costs and devise methods for the enhancement of revenues.

Keywords: Persistence; Financial Efficiency; DEA; Dynamic panel; Hospitality and tourism industry; India (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s11135-022-01368-y

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