This paper examines the impact of foreign firm entry on the industry consolidation process in a host country that operates through mergers and exits of incumbent firms. Using a three-stage oligopolistic model, the paper shows that foreign direct investment (FDI) may trigger consolidation via a merger since the approval of a domestic merger by the antitrust authority is more likely in the case a foreign firm enters via FDI and a firm’s incentive for a domestic merger is greater and that, in turn, the possibility to merge and become more efficient modifies the outcome of the game by making FDI compared to exports less likely.
COBISS.SI-ID: 18858726
This paper assesses implementation of a triple business sustainability model within the hotel industry which refers to economic, environmental and social business line. First, study develops a sustainable efficiency business model and its indicators for each of business lines. Second, paper applies the model to the Slovenian tourism sector and shows whether hotel managers monitor all three sets of indicators and, if so, how much. In the Slovenian hotel sector managers are much more committed to the economic business line and neglect the non-economic business lines which they also view as being less important.
COBISS.SI-ID: 20496102
Achieving competitive advantage for any destination in times of rapid global change requires tourism stakeholders to have a clear understanding of tourism trends. The challenges are particularly acute for emerging destinations such as Slovenia. The paper discusses tools for measuring destination performance with particular focus on Importance-Performance Analysis (IPA). The findings reveal that there are a number of areas in which the Slovene tourism industry considers itself to be under performing in the implementation of strategies to eliminate drift. Relevant policy implications can be derived from the findings.
COBISS.SI-ID: 20062950