Naslov
Internal determinants of debt of hotel companies

Autori
Buljat, Maja ; Čović, Kristijan ; Lešić, Dario

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Posebno izdanje časopisa ET2eR uključuje radove prezentirane na 1. međunarodnoj znanstveno- stručnoj konferenciji „Renewable Economics“ / Bosnić, Irena - Virovitica : Veleučilište u Virovitici, 2021, 145-154

Skup
1st International Conference on Renewable Economics (ReECON 2021)

Mjesto i datum
Biograd na Moru, Hrvatska, 20.10.2021. - 22.10.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Domaća recenzija

Ključne riječi
annual financial reports, hotel companies, indebtedness

Sažetak
Indebtedness of the company is a kind of measure of the risk of investing in the company, i.e. the degree of use of other people's sources of financial resources in financing the assets of hotel companies. Companies with a high level of indebtedness are losing financial stability, which in turn leads to the decreased possibility of attracting investors, creditworthiness and loss of tourist demand for hotel services. The sample consists of 208 hotel companies that submitted annual financial reports in the observed period from 2002 to 2018. Data are taken from the Annual Financial Statements obtained from the Financial Agency (FINA). To prove the set hypothesis, a panel analysis was performed in the STATA software package. Based on the results of the panel analysis, all variables proved to be statistically significant. The economics of total operations, the current liquidity ratio and the profitability of net turnover have a negative impact on corporate indebtedness. Labor productivity and company size proved to be statistically positive, i.e. with their growth, the company's indebtedness is also growing.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA