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Tourism Management and Financial Development

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Tourism: Economics, Finance and Management".

Deadline for manuscript submissions: 30 December 2024 | Viewed by 926

Special Issue Editors


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Guest Editor
Management Department, College of Business Administration, King Faisal University, Al- Ahsa 31982, Saudi Arabia
Interests: human resources management; green behaviour; green performance; hospitlaity and tourism managementnagement

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Guest Editor
Pamplin College of Business, Virginia Polytechnic Institute and State University, Blacksburg, VA 22043, USA
Interests: food service and restaurant management; hospitality franchising; theory building and development; consumer behavior; food and nutrition

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Guest Editor
Management Department, College of Business Administration, King Faisal University, Al- Ahsa 31982, Saudi Arabia
Interests: hospitality management; corportate resileince; quality management; competitive advantage; strategic management

Special Issue Information

Dear Colleagues,

Tourism management encompasses various activities and strategies which are aimed at maximizing the potential of the tourism sector. As a field, it involves the planning and development of tourism infrastructure, the creation attractive destinations, the implementation of effective marketing and promotional strategies, ensuring quality tourism services, and the management of tourism impact sustainably. Effective tourism management requires collaboration among various stakeholders, including governments, local communities, tourism organizations, and private sector entities.

Financial development refers to the establishment of robust financial systems that support economic growth and development. As a process, this kind of development involves the establishment of banking institutions, capital markets, regulatory frameworks, and financial infrastructure. Financial development facilitates access to credit and investment opportunities, promotes capital formation, and enhances the efficiency of financial intermediation. A well-developed financial system can provide the necessary capital for tourism-related businesses, facilitate investment in tourism infrastructure, and support innovation and entrepreneurship within the sector.

The integration of tourism management and financial development is essential for unlocking the full potential of the tourism sector. By implementing effective tourism management practices and ensuring the existence of robust financial systems, countries can achieve sustainable economic growth, job creation, and regional development. Governments, tourism organizations, and financial institutions must collaborate in order to promote investment, infrastructure development, innovation, and sustainable practices within the tourism sector. Employing a holistic approach that aligns tourism management and financial development, countries can maximize the economic benefits of tourism while preserving natural and cultural resources for future generations.

We invite researchers in the field to contribute to this Special Issue of JRFM, entitled “Tourism Management and Financial Development”. Potential contributions include, but are not limited to, the following topics:

  • Financial investment;
  • Entrepreneurship in tourism;
  • Financial development;
  • Economic impacts of tourism;
  • Managing tourism during crises and pandemic;
  • Innovation strategies in tourism;
  • Tourism management and sustainable development;
  • Managing natural and cultural resources;
  • Employees and tourism business performance;
  • Tourism disaster management;
  • Business resilience in tourism.

Prof. Dr. Abuelnasr Elsayed Sobaih
Prof. Dr. Mahmood A. Khan
Prof. Dr. Ibrahim A. Elshaer
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • financial investment
  • entrepreneurship in tourism
  • financial development
  • economic impacts of tourism
  • managing tourism during crises and pandemic
  • innovation strategies in tourism
  • tourism management and sustainable development
  • managing natural and cultural resources
  • employees and tourism business performance
  • tourism disaster management
  • business resilience in tourism

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Published Papers (1 paper)

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Research

19 pages, 355 KiB  
Article
Evaluating the Impact of Geopolitical Risk on the Financial Distress of Indian Hospitality Firms
by Vandana Gupta
J. Risk Financial Manag. 2024, 17(12), 535; https://doi.org/10.3390/jrfm17120535 - 25 Nov 2024
Viewed by 510
Abstract
The study investigates the effect of geopolitical risk (GPR) on the financial distress of tourism & hospitality firms in India. Using two-step GMM, this study evaluates the impact of GPR, GPR Threat, GPR Action and GPR India on financial distress using [...] Read more.
The study investigates the effect of geopolitical risk (GPR) on the financial distress of tourism & hospitality firms in India. Using two-step GMM, this study evaluates the impact of GPR, GPR Threat, GPR Action and GPR India on financial distress using Altman score for emerging markets as proxy for financial distress. Further, robustness is checked using Żmijewski score and financial distress ratio as proxies for financial distress. The study is extended by examining the impact of GPR specifically on firm life cycle (age) and firm size and on private and public firms. Our empirical investigation demonstrates that all measures of geopolitical risk increase the chances of financial distress of hospitality firms and our findings are robust to alternative measures of financial distress. By considering GPR as an alternate measure of uncertainty in the hospitality industry, this study contributes to the emerging literature on the factors influencing financial distress of hospitality firms. The study also identifies three accounting measures for proxies of financial distress. Policymakers, regulators and management can pre-empt the impact of uncertain external factors by formulating suitable plans and measures as also for post recovery measures to safeguard firms against bankruptcy. Firms can plan their financing decisions and cash management proactively to reduce financial risk. Full article
(This article belongs to the Special Issue Tourism Management and Financial Development)
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