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@inbook{33823, author = {Heryán, Tomáš and Růčková, Petra}, address = {Newcastle upon Tyne}, booktitle = {Research, Development and Education in Tourism}, edition = {2019}, editor = {Sonia Mileva, Nikolina Popova}, howpublished = {tištěná verze "print"}, language = {eng}, location = {Newcastle upon Tyne}, isbn = {978-1-5275-3719-4}, note = {Heryán T. and P. Růčková, 2020. Financial variables affecting the liquidity of those profitable medium-sized companies within tourism in Bulgaria, the Czech Republic, and Poland. In: Mileva, S. and N. Popova, 2020. Research, Development and Education in}, pages = {181-198}, publisher = {Cambridge Scholars Publishing}, title = {Financial variables affecting the liquidity of those profitable medium-sized companies within tourism in Bulgaria, the Czech Republic and Poland}, url = {https://www.cambridgescholars.com/research-development-and-education-in-tourism}, year = {2019} }
TY - CHAP ID - 33823 AU - Heryán, Tomáš - Růčková, Petra PY - 2019 TI - Financial variables affecting the liquidity of those profitable medium-sized companies within tourism in Bulgaria, the Czech Republic and Poland PB - Cambridge Scholars Publishing CY - Newcastle upon Tyne SN - 9781527537194 N1 - Heryán T. and P. Růčková, 2020. Financial variables affecting the liquidity of those profitable medium-sized companies within tourism in Bulgaria, the Czech Republic, and Poland. In: Mileva, S. and N. Popova, 2020. Research, Development and Education in UR - https://www.cambridgescholars.com/research-development-and-education-in-tourism N2 - It is without any doubt that business decisions for sustainable development in tourism are affected by the financial decisions of financial managers. This chapter focuses on the issue of financial management decisions. Liquidity of a company has a key role within financial management among all industries, including tourism. However, the question still remains. What drives liquidity among those profitable hotels and travel agencies? The aim of the study is to estimate, how liquidity is affected by selected financial variables among profitable medium-sized companies within tourism in Bulgaria, the Czech Republic, and Poland. Through the following analysis financial data has been obtained from the annual reports of 1,690 medium-sized tourism companies collected within AMADEUS, the international statistical database. The estimated period is from 2006 to 2015. As the main estimation method, the Generalized Method of Moments (GMM) with panel data is deployed. Then a comparison is made between both the whole sample and these profitable hotels as well as travel agencies in selected countries. ER -
HERYÁN, Tomáš and Petra RŮČKOVÁ. Financial variables affecting the liquidity of those profitable medium-sized companies within tourism in Bulgaria, the Czech Republic and Poland. In Sonia Mileva, Nikolina Popova. \textit{Research, Development and Education in Tourism}. 2019th ed. Newcastle upon Tyne: Cambridge Scholars Publishing, 2019, p.~181-198. ISBN~978-1-5275-3719-4.
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