Francis Kwansa - Academia.edu (original) (raw)

Papers by Francis Kwansa

Research paper thumbnail of Merger and Acquisition in Tourism

Encyclopedia of Tourism, 2022

Research paper thumbnail of Immigration Reform And Control Act And The Hospitality Industry

Journal of Hospitality Tourism Research, 1988

The Immigration Reform and Control Act of November 1986, was designed to eliminate the attraction... more The Immigration Reform and Control Act of November 1986, was designed to eliminate the attraction posed by jobs in the United States to potential illegal immigrants through employer participation. The hospitality industry, along with agriculture, has been one of the industries that have traditionally depended on foreigners as a source of labor due to its low starting wages which have

Research paper thumbnail of EB-5 Financing Program: Option for Financing Development in the Hospitality Industry

Journal of Hospitality Financial Management, 2012

Research paper thumbnail of The Impact of Terrorist Bombings on the Market Values of Hospitality and Tourism Enterprises: GLOBAL Evidence from Turkey, Spain and Indonesia

Journal of Hospitality Financial Management, 2010

Research paper thumbnail of Financial Management in the Context of the Organizational Life Cycle

Journal of Hospitality Tourism Research, 1988

Various researchers agree to the existence of corporate organizational life cycles similar in pri... more Various researchers agree to the existence of corporate organizational life cycles similar in principle to the product life cycle concept used in marketing. Life cycle models applied to business organizations suggest that functional departments grow and undergo unique changes in various developmental stages of the firm. The purpose of this study was to determine the changes, issues, and responsibilities common

Research paper thumbnail of Restaurant Industry Risk Dimensions and their Influence on Operating Cash Flows

Research paper thumbnail of Impact of Terrorist Bombings on Market Value of Hospitality and Tourism Enterprises: The Case of Indonesia, Spain, and Turkey

Research paper thumbnail of Diversity in Accounting Standards and Financial Reporting Practices: A Global Perspective

Http Dx Doi Org 10 1080 10913211 1993 10653655, Apr 15, 2013

Research paper thumbnail of Emperical Investigation of the CAPM vs. Fama-French Model: Evidence From the Lodging Industry

Journal of Hospitality Financial Management, 2005

Research paper thumbnail of The Uniform System of Accouns for the Lodging Industry: Its Importance to and Use by Hotel Managers

Cornell Hotel and Restaurant Administration Quarterly, 1999

This paper examines the role that the Uniform System of Accounts (USAL!) has played in hotel comp... more This paper examines the role that the Uniform System of Accounts (USAL!) has played in hotel companies' management. Specifically, it examines the role that the USALI plays in hotel-accounting practices and examines how widely accepted and adopted USALI is in today's lodging industry. It also provides a brief history of USALI by emphasizing the key factors that initiated and shaped its development. The USALI is the standard for financial reporting for lodging-industry operators and is widely (although not exclusively) used. Surprisingly, some 12 percent of hospitality accountants may not know anything about the USALI. The chart of accounts has been revised periodically since its inception in the 1920s and has always reflected the collective wisdom of hospitality-industry financial experts. In this study the USALIwas rated as being of more importance to hotel accountants than are either the Internal Revenue Service code or Financial Accounting Standards Board pronouncements. A simple test to discern users' knowledge of three major revisions introduced by the ninth revised edition clearly showed that many of those professionals do not fully understand the USALfs most recent changes. Specifically, changes in the way that an operation's preopening expenses, china and glassware purchases, and banquet-service gratuities are handled represent major changes in the current edition of USALI versus the previous edition. Yet the survey participants' responses recorded by this study show that there's little agreement among those accountants regarding the appropriateness and usefulness of those changes. More education is required if the USALI is to serve its intended purposes.

Research paper thumbnail of The importance of intangible assets: trends and patterns

Handbook of Hospitality Strategic Management, 2008

ABSTRACT Francis A. Kwansa, Cynthia Mayo, and Tevfik Demirciftci believe that companies that reco... more ABSTRACT Francis A. Kwansa, Cynthia Mayo, and Tevfik Demirciftci believe that companies that recognize, harness, and leverage intangible assets are rewarded by investors on the stock market. They discuss many intangible assets, such as leadership, strategy execution, brand equity, reputation, network, human capital, and more that help companies maintain competitive advantage as well as sustain their revenues and earnings stream for the future. They analyse the percentage of intangible assets in relation to their total market cap of 10 lodging companies. The analysis shows that there is a rising trend in intangible value among the companies.

Research paper thumbnail of Venture Capital: For the Hospitality Industry?

Journal of Hospitality & Tourism Research - J Hospit Tourism Res, 1990

Venture capital is an important source of funding in entrepreneurial firms. High-technology indus... more Venture capital is an important source of funding in entrepreneurial firms. High-technology industries have been the major recipients of this financing in the past. This paper addresses venture capital within the hospitality industry and investigates the attractiveness of the hospitality industry to venture capitalists.The findings of this study indicate that the hospitality industry is not perceived by venture capitalists to be one of the most lucrative industries for investment. The possible reasons for this are discussed.

Research paper thumbnail of Reflections on Intellectual Craftsmanship in Hospitality Research

The Journal of Hospitality Financial Management, 1997

Research paper thumbnail of The Impact of Terrorist Bombings on the Market Values of Hospitality and Tourism Enterprises: Global Evidence From Turkey, Spain, and Indonesia

The Journal of Hospitality Financial Management, 2007

Research paper thumbnail of Black-American Entrepreneurship

Marriage & Family Review, 1998

This paper discusses Black-American entrepreneurship in the U.S.: its beginnings, the context for... more This paper discusses Black-American entrepreneurship in the U.S.: its beginnings, the context for Black enterprise, and the philosophy of Black-American business. Then it focuses on the food-service industry and the participation that Black-American entrepreneurs have had in it. The paper highlights the role that Black food-service entrepreneurs have played in employment and wealth creation in the Black community. It concludes

Research paper thumbnail of Prospects of financing a minority-owned small restaurant or motel

International Journal of Hospitality Management, 1994

Research paper thumbnail of The impact of cultural orientation on perceived fairness over demand-based pricing

International Journal of Hospitality Management, 2008

Research paper thumbnail of Acquisitions, Shareholder Wealth and the Lodging Sector: 1980-1990

International Journal of Contemporary Hospitality Management, 1994

Examines the shareholder wealth effects of acquisitions in the lodging sector during the 1980s. U... more Examines the shareholder wealth effects of acquisitions in the lodging sector during the 1980s. Using the event study method, estimates the size of additional wealth accruing to shareholders of hotel companies arising from an acquisition. Over a 61-day period surrounding the announcement of an acquisition, shareholders of target hotel companies earned, on average, 31.5 per cent additional returns.

Research paper thumbnail of Payment Card Industry Data Security Standards (PCI DSS) Compliance in Restaurants

Journal of Hospitality Financial Management, 2010

Research paper thumbnail of The Impact of Face and Self-construal on SST and Interpersonal Service Orientations

Developments in Marketing Science: Proceedings of the Academy of Marketing Science, 2016

Research paper thumbnail of Merger and Acquisition in Tourism

Encyclopedia of Tourism, 2022

Research paper thumbnail of Immigration Reform And Control Act And The Hospitality Industry

Journal of Hospitality Tourism Research, 1988

The Immigration Reform and Control Act of November 1986, was designed to eliminate the attraction... more The Immigration Reform and Control Act of November 1986, was designed to eliminate the attraction posed by jobs in the United States to potential illegal immigrants through employer participation. The hospitality industry, along with agriculture, has been one of the industries that have traditionally depended on foreigners as a source of labor due to its low starting wages which have

Research paper thumbnail of EB-5 Financing Program: Option for Financing Development in the Hospitality Industry

Journal of Hospitality Financial Management, 2012

Research paper thumbnail of The Impact of Terrorist Bombings on the Market Values of Hospitality and Tourism Enterprises: GLOBAL Evidence from Turkey, Spain and Indonesia

Journal of Hospitality Financial Management, 2010

Research paper thumbnail of Financial Management in the Context of the Organizational Life Cycle

Journal of Hospitality Tourism Research, 1988

Various researchers agree to the existence of corporate organizational life cycles similar in pri... more Various researchers agree to the existence of corporate organizational life cycles similar in principle to the product life cycle concept used in marketing. Life cycle models applied to business organizations suggest that functional departments grow and undergo unique changes in various developmental stages of the firm. The purpose of this study was to determine the changes, issues, and responsibilities common

Research paper thumbnail of Restaurant Industry Risk Dimensions and their Influence on Operating Cash Flows

Research paper thumbnail of Impact of Terrorist Bombings on Market Value of Hospitality and Tourism Enterprises: The Case of Indonesia, Spain, and Turkey

Research paper thumbnail of Diversity in Accounting Standards and Financial Reporting Practices: A Global Perspective

Http Dx Doi Org 10 1080 10913211 1993 10653655, Apr 15, 2013

Research paper thumbnail of Emperical Investigation of the CAPM vs. Fama-French Model: Evidence From the Lodging Industry

Journal of Hospitality Financial Management, 2005

Research paper thumbnail of The Uniform System of Accouns for the Lodging Industry: Its Importance to and Use by Hotel Managers

Cornell Hotel and Restaurant Administration Quarterly, 1999

This paper examines the role that the Uniform System of Accounts (USAL!) has played in hotel comp... more This paper examines the role that the Uniform System of Accounts (USAL!) has played in hotel companies' management. Specifically, it examines the role that the USALI plays in hotel-accounting practices and examines how widely accepted and adopted USALI is in today's lodging industry. It also provides a brief history of USALI by emphasizing the key factors that initiated and shaped its development. The USALI is the standard for financial reporting for lodging-industry operators and is widely (although not exclusively) used. Surprisingly, some 12 percent of hospitality accountants may not know anything about the USALI. The chart of accounts has been revised periodically since its inception in the 1920s and has always reflected the collective wisdom of hospitality-industry financial experts. In this study the USALIwas rated as being of more importance to hotel accountants than are either the Internal Revenue Service code or Financial Accounting Standards Board pronouncements. A simple test to discern users' knowledge of three major revisions introduced by the ninth revised edition clearly showed that many of those professionals do not fully understand the USALfs most recent changes. Specifically, changes in the way that an operation's preopening expenses, china and glassware purchases, and banquet-service gratuities are handled represent major changes in the current edition of USALI versus the previous edition. Yet the survey participants' responses recorded by this study show that there's little agreement among those accountants regarding the appropriateness and usefulness of those changes. More education is required if the USALI is to serve its intended purposes.

Research paper thumbnail of The importance of intangible assets: trends and patterns

Handbook of Hospitality Strategic Management, 2008

ABSTRACT Francis A. Kwansa, Cynthia Mayo, and Tevfik Demirciftci believe that companies that reco... more ABSTRACT Francis A. Kwansa, Cynthia Mayo, and Tevfik Demirciftci believe that companies that recognize, harness, and leverage intangible assets are rewarded by investors on the stock market. They discuss many intangible assets, such as leadership, strategy execution, brand equity, reputation, network, human capital, and more that help companies maintain competitive advantage as well as sustain their revenues and earnings stream for the future. They analyse the percentage of intangible assets in relation to their total market cap of 10 lodging companies. The analysis shows that there is a rising trend in intangible value among the companies.

Research paper thumbnail of Venture Capital: For the Hospitality Industry?

Journal of Hospitality & Tourism Research - J Hospit Tourism Res, 1990

Venture capital is an important source of funding in entrepreneurial firms. High-technology indus... more Venture capital is an important source of funding in entrepreneurial firms. High-technology industries have been the major recipients of this financing in the past. This paper addresses venture capital within the hospitality industry and investigates the attractiveness of the hospitality industry to venture capitalists.The findings of this study indicate that the hospitality industry is not perceived by venture capitalists to be one of the most lucrative industries for investment. The possible reasons for this are discussed.

Research paper thumbnail of Reflections on Intellectual Craftsmanship in Hospitality Research

The Journal of Hospitality Financial Management, 1997

Research paper thumbnail of The Impact of Terrorist Bombings on the Market Values of Hospitality and Tourism Enterprises: Global Evidence From Turkey, Spain, and Indonesia

The Journal of Hospitality Financial Management, 2007

Research paper thumbnail of Black-American Entrepreneurship

Marriage & Family Review, 1998

This paper discusses Black-American entrepreneurship in the U.S.: its beginnings, the context for... more This paper discusses Black-American entrepreneurship in the U.S.: its beginnings, the context for Black enterprise, and the philosophy of Black-American business. Then it focuses on the food-service industry and the participation that Black-American entrepreneurs have had in it. The paper highlights the role that Black food-service entrepreneurs have played in employment and wealth creation in the Black community. It concludes

Research paper thumbnail of Prospects of financing a minority-owned small restaurant or motel

International Journal of Hospitality Management, 1994

Research paper thumbnail of The impact of cultural orientation on perceived fairness over demand-based pricing

International Journal of Hospitality Management, 2008

Research paper thumbnail of Acquisitions, Shareholder Wealth and the Lodging Sector: 1980-1990

International Journal of Contemporary Hospitality Management, 1994

Examines the shareholder wealth effects of acquisitions in the lodging sector during the 1980s. U... more Examines the shareholder wealth effects of acquisitions in the lodging sector during the 1980s. Using the event study method, estimates the size of additional wealth accruing to shareholders of hotel companies arising from an acquisition. Over a 61-day period surrounding the announcement of an acquisition, shareholders of target hotel companies earned, on average, 31.5 per cent additional returns.

Research paper thumbnail of Payment Card Industry Data Security Standards (PCI DSS) Compliance in Restaurants

Journal of Hospitality Financial Management, 2010

Research paper thumbnail of The Impact of Face and Self-construal on SST and Interpersonal Service Orientations

Developments in Marketing Science: Proceedings of the Academy of Marketing Science, 2016