Assessing Operational Efficiency, Financial Stability, and Profit Efficiency in Hotels with Negative Value Observations Using Firm Accounting Data

Hirofumi Fukuyama

doi:10.1016/j.ejor.2026.08.003

Assessing Operational Efficiency, Financial Stability, and Profit Efficiency in Hotels with Negative Value Observations Using Firm Accounting Data

2026-08-04

0

PRE

AI

H

Hirofumi Fukuyama *

Y

Yong Tan

P

Peter Wänke

DOI：10.1016/j.ejor.2026.08.003

Original

Original request for help

Save

Abstract

En 中文

• We develop an accounting-based composite measure of financial health via DEA. • The method addresses negative data and endogeneity in contextual analysis. • We combine Kullback–Leibler divergence-based separability testing and QR decomposition. • We apply the method to a panel of UK hotels operating during 2015–2023.

Keywords:

Data envelopment analysis

financial health

accounting composite measure

benefit-of-the-doubt

network slack inefficiency

Assessing Operational Efficiency, Financial Stability, and Profit Efficiency in Hotels with Negative Value Observations Using Firm Accounting Data

Abstract

Journal

Organization

Cited Papers

Citing Papers