The precipitous growth of mass tourism in most regions of the world has impacted university studies heavily and quickly as demand growth induces a big jump in employment. This need has been especially felt in countries such as China, whose T&T market is growing by leaps and bounds. This paper discusses what type of higher education is proposed in the curricula adopted by some major Chinese programs that are benchmarks for the bourgeoning T&T studies in the rest of the country and which are the main ideas that inspire them.

No abstract

This study uses dynamic panel regression tests based on the estimation of the system generalized method of moments to examine the effects of board size (BS), board age (BA), and board education (BE) on China’s hotel firm performance (FP). Test results reveal that the effects of BS and BA on hotel FP are nonlinear, but BE has no effect. Specifically, BS has a cubic effect on hotel growth opportunities in terms of Tobin’s Q with turning points equal to 12 and 18, supporting both agency theory and resource dependence theory. Moreover, the impact of BA on hotel growth opportunities is quadratic (inverted U-shaped) with an optimal point of BA at 51, supporting both similarity–attraction theory and human capital theory. Empirical findings suggest that director-owned resources and experience are essential factors in a hotel’s success, providing strategic guidance for the Chinese hotel industry and making a pioneering addition to the hospitality finance literature.

No abstract

This paper uses a variable investment analysis framework to examine the impact of the investment of two independent innovation projects by technology innovation company operators on their financing capabilities. The results show that simultaneous diversification has improved equity multipliers and borrowing capacity, and diversified investments have increased the operator's expected net utility. The higher the degree of project correlation, the more difficult it is for operators to obtain financing.