The role of capital structure management in maintaining the financial stability of hotel firms during the pandemic-A global investigation.

ABSTRACT: Due to the detrimental effects of the Covid-19 pandemic on the hotel sector, pandemic crisis management research has received lots of academic attention, from studies in sales-marketing to human resource management. However, financial management has been largely overlooked in the agenda of pandemic crisis management and hotel resilience. Therefore, this paper aims to address the research gap by exploring the role of capital structure management in maintaining financial stability and resilience capacities of hotel firms during this evolving and unpredictable Covid-19 pandemic. Using a database of 1882 firm-quarter observations of 196 hotel firms in 30 countries from Quarter 3 2018 to Quarter 2 2021, it is found that low debt capital structure mitigates the adverse impact of the pandemic on

SUBMITTER: Thi Mai Nguyen L 

PROVIDER: S-EPMC9683742 | biostudies-literature | 2023 Feb

REPOSITORIES: biostudies-literature