Examining Ownership Equity as a Psychological Factor on Tourism Business Failure Forecasting - Publication - MOST Wiedzy


Examining Ownership Equity as a Psychological Factor on Tourism Business Failure Forecasting


This paper examines ownership equity as a predictor of future business failure within the tourism and hospitality sectors. The main goals of this study were to examine which ratios are the most important for a tourism business failure forecasting model and how significant is the “total percentage of equity ownership by company directors” ratio compared with other ratios associated with the probability of bankruptcy. A stepwise weight assessment ratio analysis (SWARA) was applied, and 12 tourism bankruptcy experts evaluated key ratios. Total percentage of equity ownership by company directors is considered a psychological factor, and it was identified as the fourth most important ratio for a business failure forecasting model. Academicians and practitioners can use the findings of this study whenever developing a forecasting model for tourism and hospitality enterprises.


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Published in:
Frontiers in Psychology no. 10, pages 1 - 9,
ISSN: 1664-1078
Publication year:
Bibliographic description:
Korol T., Spyridou A.: Examining Ownership Equity as a Psychological Factor on Tourism Business Failure Forecasting// Frontiers in Psychology -Vol. 10, (2020), s.1-9
Digital Object Identifier (open in new tab) 10.3389/fpsyg.2019.03048
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