2009
DOI: 10.1016/j.ijhm.2008.06.014
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An eclectic investigation of tourism multinationals: Evidence from Greece

Abstract: This paper analyses determinants of profitability differences between subsidiaries of Multinational Enterprises (MNEs) and Domestic Enterprises (DMEs) in the tourism industry, using firm level data. Previous studies focus on the hypothesis that ownership-specific advantages are a major determinant of performance differences. This paper explores performance issues using the eclectic paradigm configuration of tourism multinationals (NACE=55), operating in Greece and a panel dataset for 95 firms and 10 years. A q… Show more

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Cited by 22 publications
(8 citation statements)
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References 67 publications
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“…Empirical findings demonstrate the ability of a firm's size to generate direct and positive ties with performance. However Anastassopoulos et al (2009, p. 191) suggest that “size usually captures not only the existence of economies of scale but also diseconomies due to higher organization and management costs”. Size is usually operationalized by using number of rooms, turnover or number of employees.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Empirical findings demonstrate the ability of a firm's size to generate direct and positive ties with performance. However Anastassopoulos et al (2009, p. 191) suggest that “size usually captures not only the existence of economies of scale but also diseconomies due to higher organization and management costs”. Size is usually operationalized by using number of rooms, turnover or number of employees.…”
Section: Literature Reviewmentioning
confidence: 99%
“…In particular, research relating to the internationalisation of Portugal's hotel industry is almost non-existent (Carvalho and Sarkar, 2008). Further, this study takes into account the recommendation by Anastassopoulos et al (2009) to expand research on the tourism industry within the Mediterranean countries.…”
Section: Introductionmentioning
confidence: 99%
“…Both private life and, above all, their public presence in the café, the church and the fairs are the subject of individual and collective annotations by the locals. Thus, their initial treatment as desirable visitors, who even temporarily re-give life to the declining villages of Samos, is partly invalidated by criticism, which is based on the fact that they often behave and operate within the community differently than is expected or even socially permissible [28,29].…”
Section: Cultural Stereotypesmentioning
confidence: 99%