Do corporate governance practices affect the financial performance of international hotel chains in Egypt ? the threshold regression model
Other Title(s)
هل تؤثر ممارسات الحوكمة المؤسسية في الأداء المالي لسلاسل الفنادق الدولية في مصر ؟ : نموذج السلاسل الزمنية اللاخطية
Joint Authors
Abu Qamar, Mahmud Sayyid
Ulaymi, Nabil
Source
Journal of Association of Arab Universities for Tourism and Hospitality
Issue
Vol. 15, Issue 1 (30 Jun. 2018), pp.106-115, 10 p.
Publisher
Suez Canal University Faculty of Tourism and Hotels
Publication Date
2018-06-30
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Financial and Accounting Sciences
Abstract EN
This study enriches the literature on hotel governance by adopting an advanced panel threshold regression model to empirically examine the relationship between corporate governance practices and the financial performance of international hotel chains in Egypt.
To this end, the current study designed a corporate governance index (CGI) which consists of four attributes (i.e., the composition of the board of directors, board independence, shareholders’ rights, and disclosure of information).
The measures of financial performance were the return on assets and book value per share.
Similarly, the effects of some control variables such as firm age and size have also been examined.
Data was collected through a questionnaire survey dealt with a panel of 45 representatives of the key international hotel chains in Egypt.
The findings proved that the relationship between the governance practices and the financial performance of the investigated hotel chains is marked by the presence of a threshold effect.
Below this threshold, the CGI hasn't a significant impact on the financial performance.
However, above this threshold, it significantly improves the financial performance of the Egyptian hotels.
American Psychological Association (APA)
Abu Qamar, Mahmud Sayyid& Ulaymi, Nabil. 2018. Do corporate governance practices affect the financial performance of international hotel chains in Egypt ? the threshold regression model. Journal of Association of Arab Universities for Tourism and Hospitality،Vol. 15, no. 1, pp.106-115.
https://search.emarefa.net/detail/BIM-906375
Modern Language Association (MLA)
Abu Qamar, Mahmud Sayyid& Ulaymi, Nabil. Do corporate governance practices affect the financial performance of international hotel chains in Egypt ? the threshold regression model. Journal of Association of Arab Universities for Tourism and Hospitality Vol. 15, no. 1 (Jun. 2018), pp.106-115.
https://search.emarefa.net/detail/BIM-906375
American Medical Association (AMA)
Abu Qamar, Mahmud Sayyid& Ulaymi, Nabil. Do corporate governance practices affect the financial performance of international hotel chains in Egypt ? the threshold regression model. Journal of Association of Arab Universities for Tourism and Hospitality. 2018. Vol. 15, no. 1, pp.106-115.
https://search.emarefa.net/detail/BIM-906375
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 112-114
Record ID
BIM-906375