Giuliano Bianchi

Article

CEO compensation and the performance of firms in the hospitality industry : a cross-industry comparison

This study examines whether industry-specific characteristics can explain the relationship between chief executive officer (CEO) compensation and the performance of firms and, if so, what roles these characteristics may play in affecting the...

Article

Stock options : from backdating to spring loading

In this article I explore the impact of the introduction of the Sarbanes–Oxley Act (SOX) in 2002 and the Securities and Exchange Commission’s implementation of the Act in 2006 on the options granting process. I show that after the in troduct ion of...

Article

The effect of price targets on the composition of CEO pay

This article analyzes the impact of price targets from the IBES Detail Price History Target database on CEO compensation retained from Execucomp. The two databases are merged at fiscal year frequency and an OLS regression with fixed effect is used...

Article

The asset light model : a blind spot in hospitality research

This research note raises the question of the lack of critical appraisal of the asset light model. Its purpose is to trigger an in-depth exploration of the determinants of performance of the implementation of such decision. To explore our argument,...

Article

Knowledge creation and research production in Swiss hotel schools : a case study of the Ecole hôtelière de Lausanne

This study aimed to analyze the obstacles to knowledge creation and scientific research in tourism and hospitality that Swiss hotel schools face. A case study approach was adopted to analyze the research practices of the Ecole hôtelière de Lausanne...

Article

A Bayesian statistics approach to hospitality research

Bayesian statistics approach contraposes inferential statistics by the fact that it introduces experts’ opinion in the quantitative analysis. While this approach has played an increasingly important role in various fields of research, its...

Article

Testing effects of hospitality employment on property crime in the United States

This study aims to model the effect of hospitality employment on property crime in economic crime equations, in which unemployment either indicates the opportunity cost of crime or suggests the decrease of targets. We developed a model of property...

Article

A differentiated approach to the asset-light model in the hotel industry

This research note aims to prompt a debate over the asset-light strategy that hotels are increasingly implementing nowadays. First, it evaluates the impact of an asset-light model on hotel firms’ returns, return volatility, and the Sharpe ratio,...

Article

The impact of brand affiliation on asset values : the case of UK hotels

Using the hedonic pricing method, we study more than 400 hotel transactions in the United Kingdom between 2000 and 2015 to determine the impact of brands on hotel market values. We initially find that hotel brands are negatively associated with...