Raymond Schmidgall - Academia.edu (original) (raw)

Uploads

Papers by Raymond Schmidgall

Cornell Hotel and Restaurant Administration Quarterly, May 1, 1987

Cornell Hotel and Restaurant Administration Quarterly, Feb 1, 1986

Cornell Hotel and Restaurant Administration Quarterly, Nov 1, 1980

provide to external parties the data necessary for comparative evaluation and to internal users t... more provide to external parties the data necessary for comparative evaluation and to internal users the data necessary for intelligent decision-making. The present article suggests techniques for hoteliers wishing to refine the latter type of financial information. Many important business decisions including those regarding pricing, staffing, expansion, refurbishing, and marketing should be based upon a knowledge of the full cost of operated departments. For the purposes of this discussion, the authors define full cost as the direct costs of an operated department plus an allocation, or &dquo;fair share,&dquo; of general overhead costs. The process by which departments are assigned their appropriate shares is known as cost

Journal of hospitality & tourism education, Apr 1, 2010

Hospitality Review, 2008

This study examined criteria used in selecting faculty at I-CHRIE hospitality-management educatio... more This study examined criteria used in selecting faculty at I-CHRIE hospitality-management education programs in the United States. Results provide a baseline for consideration of faculty at all ranks. The three most important hiring criteria for assistant professors were a PhD or equivalent terminal degree, publication/ research, and hospitality-industry work experience. For associate and full professors, the three most important factors were a PhD or equivalent terminal degree, publication/research, and college teaching experience. Results indicated that most programs use similar criteria in evaluating faculty applicants. This study also found that leadership ability is the most important factor in hiring department heads/directors. Results are useful to administrators and faculty evaluating applicants and to faculty interested in applying to hospitalitymanagement education programs.

$Research paper thumbnail of Clubs\u27 Adoption of Sarbanes-Oxley Measures$

This paper attempted to determine the extent to which clubs have adopted some of the various meas... more This paper attempted to determine the extent to which clubs have adopted some of the various measures of the Sarbanes-Oxley Act. In order to make this determination, a study was conducted that involved 179 club executives. The club executives reported the extent that their clubs were in compliance with various aspects of SOX. In addition, the demographic data collected were analyzed in relation to the responses to the SOX provisions. This analysis determined whether the size of clubs in revenues and based on number of members and profitability impacted the adoption of various measures of SOX

The Journal of Hospitality Financial Management, 2017

This study was conducted to determine the 2016 annual earnings of hospitality financial managemen... more This study was conducted to determine the 2016 annual earnings of hospitality financial management educators. Forty-three percent of IAHFME’s members affiliated with educational institutions responded. Annual base salaries ranged from 77,000to77,000 to 77,000to272,000. The lowest paid member is an assistant professor while the highest paid member is a full professor. Many respondents supplement their base salaries by both teaching during summer school and consulting. The total annual earnings of members ranged from 77,000to77,000 to 77,000to391,000. Hospitality financial management educators appear to be more highly compensated than the average college professor and hospitality financial executives.

Hospitality Review, 1997

In the face of the changing environment in the hotel industry to one of optimism, the authors wer... more In the face of the changing environment in the hotel industry to one of optimism, the authors were interceded in discovering in a formal way what the smaller lodging community had to say about the availability of loans to their segment of the industry. The article reports on their investigation of the perception of hoteliers of smaller hotels and motels with regard to negative lender bias associated with the size of a lodging property. This article is available in Hospitality Review: http://digitalcommons.fiu.edu/hospitalityreview/vol15/iss2/7 Lender bias against smaller lodging properties by Raymond S. Schmidgall and A. J. Singh ,n me face of the changrrg envrronment rr the hotel rndusty lo one of opt!n!sm, the authors #ere rnreresred m drscoverlng m a formal way Nhat the smaller l w !no communrtv had to sav about the availabilitv of loans to thelr seament of the i&ustry The article rePois on their investigatiin of the perception 5 hoteliem of smaller hotels and motels with reaard ...

Journal of Quality Assurance in Hospitality & Tourism, 2018

This study represents the fourth phase of a repeated crosssectional study that was begun in 1985.... more This study represents the fourth phase of a repeated crosssectional study that was begun in 1985. It examines the current trends of private clubs' operating budget practices and the changes in the practices over four decades. General managers (GMs) in the private club industry were selected to answer questions in managing their operating budgets, and 408 responses were collected. This study shows that in most clubs, the operating budgets are prepared through a cooperative effort involving the GM, accounting department heads, and others (e.g., department heads and committee heads). Depending on their size-in terms of revenue and membership size-clubs differ significantly in how they prepare operating budgets. As one of only a few budgeting studies in the hospitality industry, this study makes several contributions to the hospitality accounting literature, management, and education.

Hospitality Research Journal, 1990

This article presents the findings of a study done on the internal auditing activities of large l... more This article presents the findings of a study done on the internal auditing activities of large lodging chains. It was intendedto provide answers to the folbwing questions. Are the internal audit activities of these firms highly centralized or decentralized? How many individuals are involved in the internal audit activity and ho wmuch is spent on it annually? Has the internalaudit department been organized according to the standards set by the Institute of Internalcluditors? Have external audit fees been reduced as a result of internalauditpractices? Whatpercentage of time is being spent checking compliance with internalmntrois andlaws as o p s e d to examining corporate efficiency andeffectiveness? Information to these andmany other questions is provided by this study.

The Journal of Hospitality Financial Management, 2016

Based on regression analysis on topic-related data collected from web-based research, this study ... more Based on regression analysis on topic-related data collected from web-based research, this study investigates the relationships among the amount of money, the number of target hotels involved in acquisitions, and financial performance of the acquirer hotel groups during the post-acquisition period. Results of a regression analysis reveal that the extent of increase in both EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and operating efficiency ratio of acquirer hotel groups are more dependent on the number of target hotels acquired by the acquirer hotel groups than the amount of money involved in the acquisitions. The findings of this study indicate that more target hotels acquired by acquirer hotel groups result in both a lower increased percentage of annual EBITDA and a higher increased percentage of annual operating efficiency ratio. The size of acquisitions has significant influence on acquirer hotel groups' financial performance, the directions of which vary between different indicators of corporate financial performance.

International Journal of Hospitality & Tourism Administration, 2016

ABSTRACT The purpose of this study is to investigate effects of working experience and organizati... more ABSTRACT The purpose of this study is to investigate effects of working experience and organization size on ethical judgments on ethical issues among senior private club executives. Senior club executives at small and large private clubs were given five vignettes, representing ethical dilemmas in five categories of ethical behavior identified by previous researchers. They were asked to determine whether each issue was a question of ethics or not (N = 413). The multivariate analysis of variance results indicate that senior executives working in the large-sized club with more than 20 years’ hospitality working experience tend to make higher ethical judgments on ethical issues.

Journal of Hospitality Financial Management, 2005

1. Introduction to Financial Management. 2. Overview of Financial Statements. 3. Basic Accounting... more 1. Introduction to Financial Management. 2. Overview of Financial Statements. 3. Basic Accounting Procedures and Records. 4. Golf Course Operations Schedule. 5. Analysis of Financial Statements. 6. Breakeven Analysis. 7. Operating Budgets. 8. Capital Budgets. 9. Leasing. Appendix. Index.

Hospitality Review, 1992

Ethics is a hot topic today in many professions. The author creates a number of scenarios testing... more Ethics is a hot topic today in many professions. The author creates a number of scenarios testing ethical situations and surveyed lodging managers as to their reactions.

Journal of Hospitality Financial Management, 2010