TY - GEN
T1 - Gazelle Companies in the Ecuadorian Tourism Sector in the Period 2015–2022
AU - Gómez, Angel Alexander Higuerey
AU - Herrera, Reinaldo Armas
AU - Di Michele, Pierina D’Elia
AU - Llanez, Elvia Rosalia Inga
AU - Peñate, Mikel Ugando
AU - García, Ángel Ramón Sabando
AU - Rojas, Byron Vinicio Lima
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.
PY - 2025
Y1 - 2025
N2 - This article seeks to determine the relevant factors to determine whether a tourism company is high growth or not. To do this, financial ratios of the companies in this sector in the period 2015–2022, and variables specific to the company and the region where they are located, were used. A gazelle company was defined as one that initially had less than 10 employees and grew by seven employees in a period of three years. Through logit and probit regressions due to the binary dependent variable, it was determined that ROA, short- and long-term debt, region, liquidity, average collection period, size and tangibility influence the possibility of tourism companies being gazelle companies. The presence of high growth tourism companies is significant for the sector and identifying these is an important fact because it allows the governments and capital suppliers to make the appropriate decisions so that these companies grow and contribute to the Ecuadorian economy.
AB - This article seeks to determine the relevant factors to determine whether a tourism company is high growth or not. To do this, financial ratios of the companies in this sector in the period 2015–2022, and variables specific to the company and the region where they are located, were used. A gazelle company was defined as one that initially had less than 10 employees and grew by seven employees in a period of three years. Through logit and probit regressions due to the binary dependent variable, it was determined that ROA, short- and long-term debt, region, liquidity, average collection period, size and tangibility influence the possibility of tourism companies being gazelle companies. The presence of high growth tourism companies is significant for the sector and identifying these is an important fact because it allows the governments and capital suppliers to make the appropriate decisions so that these companies grow and contribute to the Ecuadorian economy.
KW - Ecuador
KW - Gazelle
KW - Logit
KW - Probit
KW - Tourism
UR - https://www.scopus.com/pages/publications/105018801070
U2 - 10.1007/978-981-96-5400-0_5
DO - 10.1007/978-981-96-5400-0_5
M3 - Contribución a la conferencia
AN - SCOPUS:105018801070
SN - 9789819653997
T3 - Smart Innovation, Systems and Technologies
SP - 55
EP - 66
BT - Advances in Tourism, Technology and Systems - Selected Papers from ICOTTS 2024
A2 - Abreu, António
A2 - Carvalho, João Vidal
A2 - Liberato, Dália
A2 - Castanho, Rui Alexandre
PB - Springer Science and Business Media Deutschland GmbH
T2 - International Conference on Tourism, Technology and Systems, ICOTTS 2024
Y2 - 30 October 2024 through 31 October 2024
ER -