Innovation and market value. The case of tourism enterprises

Table of contents:

Introduction

Chapter 1. Theory of innovation

Introduction
1.1. The evolution of the approaches to innovation
Summary – evolutionary patterns
1.2. Innovation in economic theory
1.2.1. Firm/strategic business unit/programme level
1.2.2. Sector/economy level
Summary – economics of innovation
1.3. Innovation in the service sector
1.3.1. Formation phase (1986–2000)
1.3.2. Maturity phase (2001–2005)
1.3.3. Multidimensional phase (2006–present)
Summary – innovation in services
1.4. Innovation in tourism companies
1.4.1. Initiation phase (1980–1999)
1.4.2. Maturity phase (2000–present)
Chapter summary

Chapter 2. Enterprise value and its determinants

Introduction
2.1. Approaches to valuation
2.1.1. Discounted cash flow-based
2.1.2. Relative valuation
2.1.3. Accounting and liquidation-based  656 Table of contents
2.1.4. Goodwill-based
2.1.5. Acquisition value-based
2.1.6. Leveraged buyout-based
2.1.7. Market value-based
Summary – approaches to valuation
2.2. The value of public companies
2.2.1. Market value of equity
2.2.2. The role of information in shaping the market value of equity
2.2.3. Market efficiency
Summary – value of public companies
2.3. Factors driving the market value of equity
2.3.1. Theoretical background
2.3.2. Factors used in empirical researches
Chapter summary

Chapter 3. The model approach to linking innovation and the market value of tourism enterprises

Introduction
3.1. A systematic approach to literature studies
3.2. Linking innovation to the market value of tourism enterprises
3.2.1. Innovation-level variables
3.2.2. Firm-level variables
3.3. Model development and hypotheses
3.3.1. Context
3.3.2. Innovation-level predictors
3.3.3. Firm-level innovation-related predictors
3.3.4. Interaction and second-order effects
3.3.5. Control variables
3.3.6. The model
Chapter summary

Chapter 4. Methods of empirical research

Introduction
4.1. Context and design of the study
4.2. Description of the population
4.2.1. Specification criteria
4.2.2. Methods of the selection of subjects
4.2.3. Data collection
Summary – description of the population
4.3. Variables description
4.3.1. Dependent variables
4.3.2. Independent variables
Summary – variables
4.4. Data analysis
4.4.1. Descriptive statistics
4.4.2. Regression
4.4.3. Multiple regression assumptions
Chapter summary

Chapter 5. Results and discussion

Introduction
5.1. Changes in market value of equity
5.1.1. Short term
5.1.2. Long term
Summary – significance
5.2. Descriptive statistics
5.2.1. Short term
5.2.2. Long term
Summary – statistical analysis
5.3. Empirical verification of the model
5.3.1. The models
5.3.2. Short term
5.3.3. Long term
Chapter summary

Conclusions

References

List of tables

List of figures

Appendices