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Browsing School of Hotel Administration Collection by Title
Now showing items 393-412 of 1235
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Farm Mechanization and Rural Migration in the Great Depression
(2019-01-14)We study sectoral labor realloaction in the U.S. during the Great Depression by examining transitions between the farm and nonfarm sectors as well as movement within the farm sector. Towns and cities that are hit harder ... -
Financial Flexibility and Manager-Shareholder Confict: Evidence from REITs
(2017-10-24)Using equity REIT data, we show empirically that the use of unsecured debt, which contains standardized covenants that place limits on total leverage and the use of secured debt, is associated with lower leverage outcomes. ... -
Financial Flexibility and Manager-Shareholder Conflict: Evidence from REITs
(2017-06-01)We show empirically that the use of unsecured debt, which contains standardized covenants that place limits on total leverage and the use of secured debt, is associated with lower and more stable leverage outcomes. We then ... -
Financial Globalization and Risk Sharing: Welfare Effects and the Optimality of Open Markets
(2006-01-01)To study the welfare effects of investment barriers and the opening of markets to foreigners, we construct an equilibrium model of international asset pricing without agency costs that allows endogenous market participation ... -
Financial Innovation and Russian Government Debt Before 1918
(2003-05-05)In this paper I describe debt instruments issued by the Russian Imperial Government. At the beginning of the 20th century, the Russian government was the largest borrower in the world. Russian government bonds were traded ... -
Financial Planning for Real Estate Production Decisions
(1987-04-01)Recently, the production and service components of the real estate business have evolved from collections of mom and pop operations to full-fledged industries comprised of highly competitive, small and medium-sized firms. ... -
Focus on Finance: Aiming for Restaurant Success
(2011-01-01)[Excerpt] We all know that the most important thing about a restaurant—the thing that stands out and shapes a guest's experience—is the food. Not only that, but we can name other elements that are crucial to the guest's ... -
Forecasting for Hotel Revenue Management: Testing Aggregation Against Disaggregation
(2001-08-01)[Excerpt] A successful yield-management strategy is predicated on effective control of customer demand. Businesses have two interrelated strategic levers with which to accomplish this, namely, pricing and duration of ... -
Foreclosure of Securitized Commercial Mortgages - A Model of the Special Servicer
(2011-11-14)The decision to foreclose on a CMBS mortgage is made by the special servicer. A mortgage loan is in special servicing when it is either delinquent or in a state of imminent default. A special servicer should represent the ... -
Four Path to Success in the Hospitality Industry
(2011-01-01)[Excerpt] The book you are about to read distills and shares the expertise of the faculty of the world's preeminent school focusing solely on hospitality industry education. Founded in 1922 at the specific request of the ... -
Franchisee Associations: Strategic Focus Or Response to Franchisor Opportunism
(2009-01-01)This paper examines some of the antecedents, processes and effects of independent franchisee associations (IndFAs) and the reactions of franchisors to their organization. Specifically, we draw on various literatures to ... -
Franchising and Other Operating Arrangements in the Lodging Industry: A Strategic Comparison
(1991-08-01)The objective of this paper is to compare, along three strategic dimensions, franchising with other types of operating arrangements in the lodging industry. The operating arrangements studied are, in addition to franchising, ... -
Franchising, Ownership, and Experience: A Study of Pizza Restaurant Survival
(2004-12-01)We hypothesize that retail and service business units will enjoy reduced failure rates if affiliated with experienced multiunit owners and franchisors. Experience of individual owners and franchisees should result in ... -
Free Drink or Free Mug? Managing Service Experience with Experiential vs. Material Complimentary Gifts
(2016-05-01)In the marketplace, complimentary gifts can take the form of experiential elements (e.g., a meal) or material items (e.g., tangible objects such as a mug). We identify these free gifts as a meaningful service design choice ... -
From Here to There: CQ’s Review and Publication Practices
(2002-12-01)[Excerpt] With this, my second issue as editor Cornell Hotel and Restaurant Administration Quarterly, I will take the opportunity to provide some derailed information on the process through which manuscripts are submitted ... -
From the Editor
(2016-02-01)[Excerpt] Cornell Hospitality Quarterly editor, Michael LaTour, lost his battle with cancer and passed away peacefully at his home on November 8, 2015. Mike LaTour’s in memoriam, which was written by his wife, Kathryn ... -
Function-space Revenue Management: A Case Study from Singapore
(2001-12-01)Hotels can apply revenue-management systems to their function spaces—and boost the revenue contribution from those spaces. -
Fundamental Drivers of Dependence in REIT Returns
(2016-05-01)We analyse the empirical relationships between firm fundamentals and the dependence structure between individual REIT and stock market returns. In contrast to previous studies, we distinguish between the average systematic ... -
Future Earnings Growth Volatility and the Value Premium
(2011-12-01)The value premium is well established in empirical asset pricing, but to date there is little understanding as to its fundamental drivers. We use a stochastic earnings valuation model to establish a direct link between the ...
