Detailed Information on Publication Record
2024
Heterogeneous impacts of the COVID-19 pandemic on financial performance among European hotels
HERYÁN, Tomáš, Petra RŮČKOVÁ and Jana ŠIMÁKOVÁBasic information
Original name
Heterogeneous impacts of the COVID-19 pandemic on financial performance among European hotels
Name in Czech
Heterogenní dopady pandemie nemoci COVID-19 na finanční výkonnost evropských hotelů
Authors
HERYÁN, Tomáš (203 Czech Republic, guarantor, belonging to the institution), Petra RŮČKOVÁ (203 Czech Republic, belonging to the institution) and Jana ŠIMÁKOVÁ (703 Slovakia, belonging to the institution)
Edition
International Journal of Computational Economics and Econometrics, Itálie, INDERSCIENCE Publishers, 2024, 1757-1170
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50204 Business and management
Country of publisher
Switzerland
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Organization unit
School of Business Administration in Karvina
Keywords (in Czech)
heterogeneous impacts; COVID-19 pandemic; European hotels; financial performance; heterogeneous DiD models; difference-in-differences; cohorts
Keywords in English
heterogeneous impacts; COVID-19 pandemic; European hotels; financial performance; heterogeneous DiD models; difference-in-differences; cohorts
Tags
International impact, Reviewed
Změněno: 16/12/2024 14:16, Ing. Tomáš Heryán, Ph.D.
Abstract
V originále
The purpose of the paper is to investigate whether there would have been differences in the change of shareholders’ funds caused by the COVID-19 pandemic in Europe among medium-sized hotels. Annual data for 17 European countries have been obtained from the Bureau van Dijk Orbis database and clustered with epidemiological data from NUTS-3 regions among selected countries. Using heterogeneous difference-in-differences with cohorts, the average treatment effect on treated has been estimated with panel data. Specifically, differences between the levels of shareholders’ funds and the impact of the moderation effect between return on equity and dividends during the pandemic considering the morbidity among pandemic patients in selected regions. The results have suggested that the impact of the pandemic varies between hotels with a high concentration of ownership structure having a major owner and those with a low concentration and dispersed ownership structure.