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The Impact of Macroeconomic Factors on the Hotel Industry Through the Financial Leverage Trends: The Portuguese Case

2021Book part Restricted access
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dc.contributor.authorSantos, Luís Lima
dc.contributor.authorGomes, Conceição
dc.contributor.authorLisboa, Inês
dc.date.accessioned2021-07-22T15:31:21Z
dc.date.available2021-07-22T15:31:21Z
dc.date.issued2021
dc.description.abstractThis chapter aims to understand the historical trends of hotel industry financial leverage, and to analyse the impact of macroeconomic factors on it. Therefore, managers can understand the impact of cyclical factors on capital structure and can act in advance to minimize additional costs or financial problems. Moreover, it intends to propose an analysis model to be used by managers and shareholders to control the effect of financial leverage over their companies. This analysis model can help managers to know the impact of the chosen financing sources on shareholders’ return and whether there is a change in the financial leverage effect. Results highlight that the perception of financial leverage by hotel managers is crucial in crisis situations, such as pandemics and natural disasters, which demands new challenges to companies.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationSantos, L., Gomes, C. & Lisboa, I. (2021). The Impact of Macroeconomic Factors on the Hotel Industry Through the Financial Leverage Trends: The Portuguese Case (chapter 6). Handbook of Research onFinancial Management During Economic Downturn and Recovery, IGI Global. DOI: 10.4018/978-1-7998-6643-5.ch006pt_PT
dc.identifier.doi10.4018/978-1-7998-6643-5.ch006pt_PT
dc.identifier.isbn9781799866435
dc.identifier.urihttp://hdl.handle.net/10400.8/5918
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherIGI Globalpt_PT
dc.relationCentre of Applied Research in Management and Economics
dc.relationCentre for Tourism Research, Development and Innovation
dc.subjectHospitality companiespt_PT
dc.subjectCapital structurept_PT
dc.subjectFinancial leveragept_PT
dc.subjectFinancing decisionspt_PT
dc.subjectShareholders’ returnpt_PT
dc.subjectRecession periodpt_PT
dc.subjectTourismpt_PT
dc.subjectPortugalpt_PT
dc.titleThe Impact of Macroeconomic Factors on the Hotel Industry Through the Financial Leverage Trends: The Portuguese Casept_PT
dc.typebook part
dspace.entity.typePublication
oaire.awardTitleCentre of Applied Research in Management and Economics
oaire.awardTitleCentre for Tourism Research, Development and Innovation
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04928%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04470%2F2020/PT
oaire.citation.endPage111pt_PT
oaire.citation.startPage94pt_PT
oaire.citation.titleHandbook of Research on Financial Management During Economic Downturn and Recoverypt_PT
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream6817 - DCRRNI ID
person.familyNameLima Santos
person.familyNameGomes
person.familyNameLisboa
person.givenNameLuís
person.givenNameConceição
person.givenNameInês
person.identifier1269004
person.identifier2201979
person.identifier.ciencia-id1A1E-830E-DF42
person.identifier.ciencia-idDA19-611B-AFAB
person.identifier.ciencia-id5510-48F2-54DF
person.identifier.orcid0000-0002-6652-7601
person.identifier.orcid0000-0001-5715-8384
person.identifier.orcid0000-0003-2802-2589
person.identifier.ridF-4413-2017
person.identifier.scopus-author-id57196741324
person.identifier.scopus-author-id55582040700
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsclosedAccesspt_PT
rcaap.typebookPartpt_PT
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