RT Journal Article
T1 Contagion Effect on Business Failure: A Spatial Analysis of the Hotel Sector
A1 Vivel Búa, Milagros
A1 Lado Sestayo, Rubén
K1 Failure
K1 Hotel
K1 Contagion
K1 Location
K1 Coordinates
AB This article analyzes the contagion effect on business failure, focusing on the Spanish hotel sector. The sample consists of 3,948 hotel micro-, small, and medium-sized enterprises in the 2012-2015 period and includes variables related to characteristics of the hotel and tourist destination. The results show that the contagion effect is significant, increasing the explanatory capacity of the model. Moreover, the results show that the analysis of the contagion effect should consider not only its simultaneous impact but also that deferred over time on the probability of failure. Thereby, this study found that after the initial shock, the contagion effect decreases and changes its sign from negative to positive in the fourth year.
PB SAGE Publications
SN 1557-7554
YR 2023
FD 2023
LK https://hdl.handle.net/10347/39352
UL https://hdl.handle.net/10347/39352
LA eng
NO Vivel-Búa, M., & Lado-Sestayo, R. (2023). Contagion Effect on Business Failure: A Spatial Analysis of the Hotel Sector. Journal of Hospitality & Tourism Research, 47(3), 482-502. https://doi.org/10.1177/10963480211023804
NO This is the manuscript of an article that has been accepted for publication
DS Minerva
RD 23 abr 2026