This article examines the price determinants of wine on the Swiss market using a hedonic regression approach. We find that grape varietals and wine growing regions have a large impact on prices. Growing Petite Arvine or growing wine in Valais or the Swiss German part of the country trigger a premium. Cultivating Pinot Noir or Gamay or being located in Vaud or Geneva prompts a discount . Positioning and being located in a renowned wine growing region further lead to higher prices . Information on producers, on the other hand, only marginally explains wine prices. Our results suggest that Swiss producers price their wines rather uniformly.
To strategically utilize resources to minimize the negative impacts of tourism and increasing the social support for tourism development, the present study examined the residents of six talukas of North Goa by using the model developed by Perdue et al. (1990); later extended by Mc Gehee, et al. (2002); and also based on social exchange theory; tried to determine whether personal characteristics and personal benefits from tourism influence perception of tourism as well as support for tourism development, and what factors influence support for tourism development and management. The result indicated that personal characteristics were not good predictors of resident’s attitude tourism impacts with an exception of age, education, and birthplace. Personal benefits from tourism predicted positive impacts of tourism, negative impacts of tourism and also support for additional tourism, which was in consistent with Perdue et al. (1990) and Mc Gehee et al. (2002) but support for social exchange theory showed mixed result, as personal benefit was not a significant predictor of tourism planning while support for additional tourism did predict tourism planning. However, while support for additional tourism did predict tourism planning, it showed a positive relationship as reported by Mc Gehee et al. (2002) and not a negative one as reported by Perdue et al. (1990). Contrary to the findings of both Perdue et al. (1990) and Mc Gehee et al. (2002), the positive impact did predict tourism planning but was negatively related to it. The overall findings support previous assertions that educating local residents about the potential benefits of tourism is critical in obtaining their support for tourism, enhancing their involvement in the industry, and achieving sustainable community development.
This research applies the binding communication model to the sustainable communication strategies implemented in most hotels. The binding communication model links a persuasive messag e with the implementation of a low-cost commitment to strengthen the link between the attitudes and behavior o f those receiving the message. We compared the effectiveness of a classical communication strategy ( n = 86) with that of a binding communication strategy ( n = 101) to encourage guests to choose sustainable behavior. Our results show that using the binding communication strategy generates significantly more sustainable behavior in guests than using the classical communication strategy. We discuss our results and suggest future avenues of research
This article uses hammer prices from five global auction houses to analyse the price premium Bordeaux fine wine yields at Hong Kong wine auctions. We find that fine wine is on average sold at a 19% premium in Hong Kong. We further observe that the Hong Kong premium is not uniform and most pronounced for wines with perfect Parker scores and the most powerful brands. The premium has declined throughout the sample period from 60% in 2008 to a level of around 15% since 2012. This can be attributed to the increase in knowledge on fine wine by Chinese customers.
This paper examines the effect of family ownership on the amount of firm - specific information incorporated into stock prices . We posit that family firms have incentives to be more informative due to fears of reputational damage and scepticism of minority shareholders to invest in such companies. We investigate this relationship on a comprehensive sample of Swiss listed firms over th e period 2003 - 2012. Our results indicate that family firm stock prices are more informative as they have m ore idiosyncratic risk than non - family firms . We further examine the impact of different characteristics of family firms , and find that the level of f amily ownership, the active involvement of the family, the generation of the family and the presence of another large shareholder play an important role for the informativeness of stock prices.
Die Hotellerie sehnt ein Urteil herbei, wonach Portale keine Bestpreisgarantie einfordern dürfen. Bis dahin unterlaufen immer mehr Hoteliers diese Klausel still und leise.
Les enseignants en école professionnelle se montrent plus critiques dans l’évaluation des directions d’écoles que ces dernières lors de leur autoévaluation. Les directions adoptent une conduite principalement fondée sur des objectifs communs, la confiance et la loyauté. Ce style de conduite dépend d’une atmosphère de travail constructive et de l’encouragement du climat scolaire.
Lehrpersonen an Berufsfachschulen beurteilen die Führungskompetenzen der Schulleitenden kritischer als diese selbst. Die Schulleitenden führen vorwiegend auf Basis von gemeinsamen Zielen, Vertrauen und Loyalität. Dieser ührungsstil hängt mit einer konstruktiven Arbeitsatmosphäre und der Förderung des Schulklimas zusammen.
