1984 research outputs found
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Cuba’s Future Hospitality and Tourism Business: Opportunities and Obstacles
Get PDFThe resumption of diplomatic relations between the United States and Cuba opens the prospect of a tourist boom to the Caribbean’s largest island. Cuba has many advantages to support investment, as the island is rich in land and water resources, has an educated and welcoming population, and offers myriad development opportunities. Weighing against those favorable prospects are the continued U.S. trade embargo (independent of diplomatic relations) and the Cuban government’s central control and continued regulation of foreign investment—including the possibility of unexpected changes in government policies
Managing Innovation: The Role of Collateral
Get PDFThis paper studies how credit constraints impact the management of corporate innovation. Specifically, my experiment exploits exogenous variations in the collateral value of real estate assets as shocks to firms’ credit constraints. Building on this experiment, I find evidence that higher collateral value increases the quantity, quality and novelty of innovation. I show that: (1) increase in collateral value leads to more patent filings, with each patent on average receiving more citations, citing patents from a wider range of industries, and more likely to be in industries different from the parent firm; (2) in response to collateral shocks, firms restructure their innovation strategies through different channels such as internal research and development (R&D), acquisitions of innovative targets, and corporation venture capital (CVC) investment – equity investment in startups by incumbent firms; (3) the effect of collateral shocks on innovation is more pronounced for firms that are ex-ante credit constrained, but mitigated if firms are located in Metropolitan Statistical Area (MSA) areas with high local real estate price volatility
Does Banking Competition Affect Innovation?
No full textWe exploit the deregulation of interstate bank branching laws to test whether banking competition affects innovation. We find robust evidence that banking competition reduces state-level innovation by public corporations headquartered within deregulating states. Innovation increases among private firms that are dependent on external finance and that have limited access to credit from local banks. We argue that banking competition enables small, innovative firms to secure financing instead of being acquired by public corporations. Therefore, banking competition reduces the supply of innovative targets, which reduces the portion of state-level innovation attributable to public corporations. Overall, these results shed light on the real effects of banking competition and the determinants of innovation
Adopting the Code: Human Trafficking and the Hospitality Industry
Get PDFHuman trafficking generally and child exploitation in particular is a global problem. While hard data are difficult to obtain in detail due to many unreported and underreported cases, the International Labor Organization (www.ilo.org) estimates that human traffickers earned as much as $150 billion in 2014, making it financially the second largest illicit crime, surpassed only by the sale of drugs. That same study estimated 20.9 million victims of human trafficking worldwide, with 5.5 million of those being children
From Concept to Impact: Beginning with the End in Mind Highlights of the 2015 Cornell Hospitality Entrepreneurship Roundtable
Get PDFAmong the many topics that directly affect entrepreneurs’ success are these five: franchising, funding, technology, opportunity recognition, and legal arrangements. The inaugural roundtable convened by The Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship at the School of Hotel Administration at Cornell University addressed these five topics, with a goal of supporting hospitality entrepreneurs from concept to impact. The institute provides a springboard for hospitality entrepreneurs, particularly students at the School of Hotel Administration
Only Time Will Tell: The Changing Relationships between LMX, Job Performance, and Justice
No full textAlthough it has been argued that LMX is a phenomenon that develops over time, the existing LMX literature is largely cross-sectional in nature. Yet, there is a great need for unraveling how LMX develops over time. To address this issue in the LMX literature, we examine the relationships of LMX with two variables known for changing over time: job performance and justice perceptions. On the basis of current empirical findings, a simulation deductively shows that LMX develops over time, but differently in early stages versus more mature stages. Our findings also indicate that performance and justice trends affect LMX. Implications for LMX theory, and for longitudinal research on LMX, performance, and justice are discussed
Can Short-Term Rental Arrangements Increase Home Values? A Case for AirBNB and Other Home Sharing Arrangements
Get PDFThe sharing economy or “new economy”1 has redefined consumption in the housing context in a manner that impacts traditional notions regarding home values and neighborhood integrity. Housing sharing allows owners to share some of the benefits of property ownership – namely use and enjoyment2 – while shifting some of the burdens of ownership – particularly, the economic burdens. With the advent of the sharing economy, there is a brewing conflict between this new economy and the realities of economic regulation. Thus, in the housing context, we see this conflict playing out in the tension between growing patterns of home sharing and existing regulations that prohibit such sharing. Many state and local governments, relying on their inherent police powers, regulate short-term housing. In particular, certain land use legislation overtly prohibits occupation by short-term renters. One prominent justification for such prohibitions is the maintenance of property values and neighborhood character
Constitutional Constraints on Using Eminent Domain to Write-Down Underwater Mortgages
Get PDFBeginning in 2007, the U.S. economy was hit with a series of damaging financial blows, the negative repercussions of which still affect Americans today. In years prior thereto, various economic and political factors worked in unison to artificially inflate the selling price of residential homes within many U.S. markets.1 When the market could stand no more inflation, the metaphorical bubble burst, sending the banking, investment, and mortgage industries into a downward tailspin
How to Feel Confident for a Presentation…and Overcome Speech Anxiety
No full textThis web-based tool presents a set of recommendations and tips that help hospitality managers (and other speakers) become more confident presenters. Speech anxiety is common but does not have to detract from a presentation. The tool offers a comprehensive list of strategies that the presenter can use before, during, and after a presentation. By selecting and implementing a few appropriate strategies, even the most nervous presenters can improve how they think and feel about their delivery skills—and how they perform in front of an audience. The tool summarizes research on what works to reduce anxiety and allows users to create a custom, individual plan, using a selected combination of cognitive, physical, and affective strategies presented here. The link for the tool can be found within the instructions below
A Location-Planning Decision-Support Tool for Tradeshows and Conventions
Get PDFThis report introduces a strategic decision-support tool for location planning in tradeshows and conventions. This decision support tool is based on a multi-year research project that examined tradeshow participants preferences, including a comparison of attributes sought by attendees and by exhibitors. The study, supported by the Cornell Center for Hospitality Research and ASAE Foundation, included a survey of over 2,500 tradeshow participants who indicated that the show’s location is one of the top criteria. In addition to its examination of tradeshow attributes, this report describes the research process, gives an outline of customer choice, and explains how the tool can be used in an effective location and planning decision process for tradeshows considering attendees’ and exhibitors’ preferences