Disruptive innovation, innovation adoption and incumbent market value: The case of Airbnb

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dc.contributor.authorZach, Florian J.en
dc.contributor.authorNicolau, Juan Luisen
dc.contributor.authorSharma, Abhinaven
dc.date.accessioned2024-08-05T17:21:04Zen
dc.date.available2024-08-05T17:21:04Zen
dc.date.issued2020-01-01en
dc.description.abstractThe purpose of this article is to analyze the market value impact of actions taken in response to disruptive innovation; specifically, actions that incumbent lodging firms implement to adopt the innovation of peer-to-peer trading-based accommodation rental. As incumbent firms need to device strategies to accommodate the disruption stemming from a new entrant with a disruptive business model, we analyze the differentiated efforts of four incumbent lodging firms to compete with the peer-to-peer lodging firm Airbnb. This study is the first to quantify the effects of innovation on incumbent tourism firms challenged by a disruptive entrant. It finds that adoption speeds, that is first vs. late adoption, make a difference as the former are awarded a significant increase in market value.en
dc.description.versionAccepted versionen
dc.format.extent12 page(s)en
dc.format.mimetypeapplication/pdfen
dc.identifierARTN 102818 (Article number)en
dc.identifier.doihttps://doi.org/10.1016/j.annals.2019.102818en
dc.identifier.eissn1873-7722en
dc.identifier.issn0160-7383en
dc.identifier.orcidNicolau Gonzalbez, Juan [0000-0003-0048-2823]en
dc.identifier.orcidZach, Florian [0000-0003-0243-4913]en
dc.identifier.urihttps://hdl.handle.net/10919/120850en
dc.identifier.volume80en
dc.language.isoenen
dc.publisherPergamon-Elsevieren
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectDisruptive innovationen
dc.subjectInnovation adoptionen
dc.subjectMarket valueen
dc.subjectIncumbent responseen
dc.subjectPeer-to-peer lodgingen
dc.subjectEvent studyen
dc.titleDisruptive innovation, innovation adoption and incumbent market value: The case of Airbnben
dc.title.serialAnnals of Tourism Researchen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dcterms.dateAccepted2019-10-17en
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
pubs.organisational-group/Virginia Tech/Graduate studentsen
pubs.organisational-group/Virginia Tech/Graduate students/Doctoral studentsen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB doctoral studentsen

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