Early and late-stage startup funding in hospitality: Effects on incumbents' market value

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dc.contributor.authorBianco, Simoneen
dc.contributor.authorZach, Florian J.en
dc.contributor.authorLiu, Anyuen
dc.date.accessioned2022-06-28T12:00:42Zen
dc.date.available2022-06-28T12:00:42Zen
dc.date.issued2022-07en
dc.date.updated2022-06-28T08:41:41Zen
dc.description.abstractThis study investigates the change in investors’ awareness of startups following received funding rounds. We specifically investigate the stock market assessing startups as potential new entrants in an industry that overlooked the disruptor Airbnb to the point where consumers started to embrace the new products, thus costing incumbents market share. This study contributes to the literature on competitive dynamics by investigating resource similarity and market commonality as potential influencer of investors’ awareness. Furthermore, this study offers a new contextualization for studies connecting risk assessment and market value and contributes to the tourism and hospitality literature by investigating investors’ awareness of potential new market entrants. Finally, this study provides managerial insights as it highlights what high-level decision makers can learn from the stock markets’ reactions to startup funding as a means of anticipating possible changes in the competitive environment.en
dc.description.versionAccepted versionen
dc.format.extentPages 103436-103436en
dc.format.mimetypeapplication/pdfen
dc.identifier103436 (Article number)en
dc.identifier.doihttps://doi.org/10.1016/j.annals.2022.103436en
dc.identifier.issn0160-7383en
dc.identifier.orcidZach, Florian [0000-0003-0243-4913]en
dc.identifier.urihttp://hdl.handle.net/10919/110955en
dc.identifier.volume95en
dc.language.isoenen
dc.publisherElsevieren
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.titleEarly and late-stage startup funding in hospitality: Effects on incumbents' market valueen
dc.title.serialAnnals of Tourism Researchen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen

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