The paper examines the discretionary nature of (non)capitalizing development expenditures in financial statements. A review of the literature shows that companies may have different motives and ...factors for (non)capitalizing development expenditures. This study analyzes a sample of 547 companies from the information and communications technology (ICT) sector listed on the Frankfurt Stock Exchange in the period 2009-2018. The ICT sector was selected because it represents an industry with high R&D (research and development) expenditures. The results of the probit regression analysis made on 3,718 observations show that the capitalization of development expenditures is significantly positively related to the size and return on assets of the firm and negatively related to the age of the firm. Larger and more profitable firms are more likely to capitalize development expenditures, while older firms are less likely to capitalize development expenditures. Our results contribute to the literature in the field of positive accounting theory providing additional insights into factors associated with decisions to (non)capitalize development expenditures.
EDITORIAL Janković, Sandra; Perić, Marko
Tourism and hospitality management,
07/2023, Volume:
29, Issue:
3
Journal Article
Peer reviewed
Open access
The diversity of authors from different countries lias contributed to a rich collection of research articles covering various tourism and hospitality management topics: dark tourism, food tourism, ...virtual tourism, sun and beach tourism, destination image, destination brand equity, medical iinage,job crafting, and restaurant business. The fourth paper, entitled Applying the Principles of Separation in Development of the Restaurant Business provides insight into the propositions that are a necessary condition for studying the possibility of applying separation principles to solve a problem. Sutanto, R. and Antonio, F. indicate that food quality, nostalgia, convenience orientation, health involvement, luxury involvement, and staff service are positively related to traditional Chinese food involvement and that traditional Chinese food involvement itself lias a significant influence on revisit intention and positive e-WOM.
EDITORIAL Janković, Sandra; Perić, Marko
Tourism and hospitality management,
05/2023, Volume:
29, Issue:
2
Journal Article
Peer reviewed
Open access
The diverse authors from different countries have contributed to a rich collection of research articles dealing with various aspects of tourism and hospitality management: human resources, social ...media, food heritage, tourism business growth, employee experience, revenue management, revisit intention, souvenirs in tourism studies, guest experience, information technology, chain or independent hotels, and overtourism. The results of SEM show that all variables of TPB (attitude, subjective norm, and perceived behavioural control together with trust) are positively associated with the behavioural intention of employees in T&H industry towards the use of information technology and the model has better predictive power. ...the second issue of Tourism and Hospitality Management is a diverse and innovative collection of studies that help fill knowledge gaps in the field.
EDITORIAL Dear colleagues and friends, We are proud of 26 successful years behind us. Since 1995, the Tourism and Hospitality Management (THM) journal has aimed to promote and enhance research in all ...areas of tourism and hospitality. The term co-occurrence map based on the titles of the papers shows the most studied research topics. Since the journal "Tourism and Hospitality Management" has a wide coverage, the topics found are not surprising. ...we would like to thank all the authors as well as the readers, as you are the main reason why the journal exists.
Studies show an increasing importance of intangible assets (hereinafter IA) and a positive relationship between IA and company performance. The purpose of this paper is to analyse the importance of ...IA for Croatian and Slovene hotel companies and to find out whether companies with a higher share of intangibles are also more profitable. The analysis is based on publicly available financial statements for the five-year period, from 2011 to 2015. The results show that the average share of IA presented in the balance sheets of the analysed hotel companies is low in both countries. Moreover, we could not find a statistically significant relationship between the share of IA and the selected financial performance indicators. The results of our study show that despite the emphasised importance of IA in literature, the publicly available financial data of the selected hotel companies provides very limited information on IA for external stakeholders.
Objectives
Supersaturating formulations hold great promise for delivery of poorly soluble active pharmaceutical ingredients (APIs). To profit from supersaturating formulations, precipitation is ...hindered with precipitation inhibitors (PIs), maintaining drug concentrations for as long as possible. This review provides a brief overview of supersaturation and precipitation, focusing on precipitation inhibition. Trial‐and‐error PI selection will be examined alongside established PI screening techniques. Primarily, however, this review will focus on recent advances that utilise advanced analytical techniques to increase mechanistic understanding of PI action and systematic PI selection.
Key findings
Advances in mechanistic understanding have been made possible by the use of analytical tools such as spectroscopy, microscopy and mathematical and molecular modelling, which have been reviewed herein. Using these techniques, PI selection can be guided by molecular rationale. However, more work is required to see widespread application of such an approach for PI selection.
Summary
Precipitation inhibitors are becoming increasingly important in enabling formulations. Trial‐and‐error approaches have seen success thus far. However, it is essential to learn more about the mode of action of PIs if the most optimal formulations are to be realised. Robust analytical tools, and the knowledge of where and how they can be applied, will be essential in this endeavour.
...the application of the concept of quality cost accounting will significantly contribute to the improvement of accounting information as a basis for business decision-making. ...business process ...quality and overall efficiency are increased. ...this study explores the methodological basis and relevant theoretical insights and factors of quality cost management to determine the impact of quality cost accounting on improving the business processes of hotel companies. Furthermore, hotel companies were not willing to provide internal financial information (because of professional secrecy), hence it was not possible to analyse the behaviour and interrelation of certain categories of hotel quality costs. ...the following are recommended for further research: 1) to examine the interrelation and behaviour of individual cost components related to quality in different hotel segments, 2) to measure the impact of quality cost components on hotel financial performance, such as RevPAR, TRevPAR and GOP per available room, and 3) to explore the impact of hotel staff quality costs on hotel performance (given that human resources are a key factor in achieving competitive advantages in the hotel business). Costs that can be linked to hotel quality costs for individual segments (such as accommodation, food and beverage, and wellness) were derived from the available information about quality costs. ...this study contributes to economic science by suggesting the implementation of quality cost accounting methods and techniques to enhance the quality of accounting information as a basis for making effective business decisions.
EDITORIAL Jurdana, Dora Smolčić; Janković, Sandra
Tourism and hospitality management,
05/2020, Volume:
26, Issue:
1
Journal Article
Peer reviewed
Open access
Authors of the Examining the pulse of the tourism industry in the Asia-pacific region: a systematic review of social media study found that the usage of social media for tourism marketing purposes is ...strongly correlated to the tourism industry in many countries of the APAC region. House price, net financial asset and stock option causality results essentially showed unidirectional causality that runs from that form of wealth to tourism departures in the case of Belgium, Germany, Spain, France, Slovenia and the UK, thus providing extensive support for the wealth effect-tourism link in certain countries. ...we would like to express special thanks to all authors for their fine contributions to this issue and to all reviewers for their invaluable insights, suggestions and comments that significantly enhanced the quality of the papers.
Literatura iz područja upravljanja prihodima u hotelijerstvu ukazuje na potrebu praćenja cijena konkurenata. Kako bi hoteli ostali konkurentni te ostvarili veće prihode po sobi, potrebno je redovito ...uzimati u obzir cijene glavnih konkurenata. Ovo istraživanje utvrđuje upravo odnos između cjenovne strategije i ostvarene pozicije hotela u njegovu kompetitivnom setu, mjerena relativno ostvarenom iskorištenosti kapaciteta i prihodom smještaja po raspoloživoj sobi. Cilj je istraživanja utvrditi mogućnosti konkurentskog formiranja cijena u hrvatskom hotelijerstvu te istražiti u kojoj mjeri ono utječe na ostvarene prihode hotela, utvrđujući doprinosi li povećanje ili smanjenje cijena u odnosu na konkurente rastu prihoda smještaja po raspoloživoj sobi (RevPAR-a). Istraživanje je provedeno u petogodišnjem razdoblju (2014. – 2018.), a podaci su preuzeti iz baze podataka Benchmarking hrvatskog hotelijerstva. Po uzoru na prethodna istraživanja (Enz, Canina & van der Rest, 2015), u analizi se primjenjuju metode pokazatelja tržišnog udjela te panel analiza podataka. Dobiveni rezultati naglašavaju značenje cjenovnog pozicioniranja u odnosu na konkurente te njihov potencijalni utjecaj na ostvareni rezultat. Istraživanje pokazuje da hoteli s višim cijenama u odnosu na svoj kompetitivni set ostvaruju nižu razinu iskorištenosti, ali istovremeno viši RevPAR te ukazuje na važnost strateškog cjenovnog pozicioniranja i primjene kompetitivnog formiranja cijena kao važnog instrumenta discipline upravljanja prihodima.
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