Investigación

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Examinando Investigación por Autor "Abad, Pilar"

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  • Miniatura
    Ítem
    Determinants of successful revenue management
    (Emerald Publishing Limited, 2019-06-19) Abad, Pilar; De la Fuente Cabrero, Concepción; González-Serrano, Lydia; Talón-Ballestero, Pilar
    Purpose – The aim of this paper is to define which characteristics of a hotel and staff organization determine successful revenuemanagement (RM) implementation in urban hotels. Design/methodology/approach – Multiple linear regression analysis was used to determine whether the characteristics of the hotel and the staff member in charge of RM are explanatory variables for the degree of RMimplementation. Findings – The findings show that hotel category, chain affiliation and the existence of qualified full-time staff are the determinants for successful RM implementation. The creation of the revenue manager position alone is not determinant in the degree of RM implementation, but his/her qualification and dedication are fundamental variables. Research limitations/implications – Given that this survey was confined to the region of Madrid, it would be interesting to carry out similar research nationwide. Practical implications – This study provides researchers and professionals guidance for the satisfactory implementation and use of RM, tailored to the characteristics of any given establishment. Therefore, this paper states that the creation of a qualified, on-site, full-time revenue manager position is crucial. Originality/value – To the best of the authors’ knowledge, this is the first paper to conduct a formal statistical analysis of the relationship between hotel characteristics, staff organization and the degree of RM implementation. The greatest contribution of this research is the empirical demonstration that having a qualified full-time staff in charge of RMleads to better results in terms of RMimplementation as opposed to not having one, having one part-time or having one at the corporate level. Therefore, this paper states that the creation of the professional revenue manager position within hotels is fundamental. Thus, the reported results provide a significant contribution to the literature related to the characteristics and organization of RMin hotels.
  • Miniatura
    Ítem
    Stress testing programs and credit risk opacity of banks: USA vs Europe
    (Elsevier, 2023) Abad, Pilar; Robles, M.-Dolores; Alonso Orts, Carlos
    Regulators strengthened banking supervision in the aftermath of the Great Financial Crisis by stress testing banks intending to increase the amount of information available about the risks they face, improving their transparency and restoring market confidence. This study examines whether the results of stress tests conducted between 2009 and 2019 in the US and the EU have reduced the opacity of information about banks' credit risk. We study changes in banking sector opacity around the disclosure of stress test results in a panel data framework. We measure opacity by discrepancies in bank credit ratings issued by different agencies. The findings indicate a lower opacity level after disclosing the US test results. The most significant reduction occurs for systemic banks with higher leverage that fail the test. The European testing programme has specific disclosure features that could justify that the effect of disclosure of stress test results is more attenuated for EU banks. Some indirect evidence suggests that differences in stress test programmes and banking sector structure between the two regions may explain the result.