{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,5]],"date-time":"2026-03-05T18:44:29Z","timestamp":1772736269836,"version":"3.50.1"},"reference-count":24,"publisher":"Informa UK Limited","issue":"4","license":[{"start":{"date-parts":[[2022,6,22]],"date-time":"2022-06-22T00:00:00Z","timestamp":1655856000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["IJTC"],"published-print":{"date-parts":[[2022,12,9]]},"abstract":"<jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n                    <jats:p>The specific typology of local accommodation in Portugal has undergone a huge expansion accompanied by a proliferation in the number of firms and it is crucial that the firms associated with this boom can ensure their survival and remain in the market. The purpose of this paper is to specify an insolvency forecasting model and identify which financial indicators best contribute to forecasting insolvency in local accommodation firms.<\/jats:p>\n                  <\/jats:sec>\n                  <jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n                    <jats:p>At the methodological level, the financial data of firms in this sector were initially collected via the SABI database; then the probit model was estimated to perform the analysis of financial variables, with the aim of observing their behaviour and understanding which are crucial in predicting business insolvency.<\/jats:p>\n                  <\/jats:sec>\n                  <jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n                    <jats:p>Given the scarcity of studies in this specific typology of accommodation, the results of this paper are relevant and increase the knowledge for the sector. They also enable the identification of financial ratios that deserve greater attention from those responsible for firms in this sector, namely, profitability and liquidity ratios. In short, profitability ratios vary inversely with the probability of insolvency, so that firms with higher levels of net profitability, asset rotation or accumulated profitability have a lower probability of insolvency, with the opposite being true in terms of liquidity, where firms with higher current assets are more likely to become insolvent.<\/jats:p>\n                  <\/jats:sec>\n                  <jats:sec>\n                    <jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n                    <jats:p>The novelty of this paper is focused on the urgent need for tourism accommodation stakeholders to prevent or anticipate insolvency and identify which financial indicators best contribute to forecasting insolvency. This research is fundamental, as many cities are considered major tourist destinations and where a high number of tourism businesses are concentrated.<\/jats:p>\n                  <\/jats:sec>","DOI":"10.1108\/ijtc-08-2021-0166","type":"journal-article","created":{"date-parts":[[2022,6,20]],"date-time":"2022-06-20T13:10:54Z","timestamp":1655730654000},"page":"1127-1140","source":"Crossref","is-referenced-by-count":4,"title":["How can insolvency in tourism be predicted? The case of local accommodation"],"prefix":"10.1080","volume":"8","author":[{"given":"Cl\u00e1udia","family":"Correia","sequence":"first","affiliation":[]},{"given":"Rui Augusto","family":"Costa","sequence":"additional","affiliation":[]},{"given":"Jorge","family":"Mota","sequence":"additional","affiliation":[]},{"given":"Z\u00e9lia","family":"Breda","sequence":"additional","affiliation":[]}],"member":"301","published-online":{"date-parts":[[2022,6,22]]},"reference":[{"issue":"4","key":"key2023020310332445200_ref001","first-page":"589","article-title":"Financial ratios, discriminant analysis and the prediction of corporate bankruptcy","year":"1968","journal-title":"The Journal of Finance"},{"issue":"1","key":"key2023020310332445200_ref002","first-page":"29","article-title":"ZETA analysis: a new model to identify bankruptcy risk of corporations","year":"1977","journal-title":"Journal of Banking & Finance"},{"key":"key2023020310332445200_ref003","first-page":"523","article-title":"The prediction of business failure in the hospitality business","year":"2020","journal-title":"Cuadernos de Turismo"},{"issue":"1","key":"key2023020310332445200_ref004","doi-asserted-by":"publisher","first-page":"86","DOI":"10.1080\/1528008X.2016.1169471","article-title":"Hospitality bankruptcy in United States of America: a multiple discriminant analysis-logit model comparison","year":"2017","journal-title":"Journal of Quality Assurance in Hospitality & Tourism"},{"key":"key2023020310332445200_ref005","first-page":"71","article-title":"Financial ratios as predictors of failure","year":"1966","journal-title":"Journal of Accounting Research"},{"issue":"3","key":"key2023020310332445200_ref006","first-page":"142","article-title":"Recognizing financial distress patterns using a neural network tool","year":"1993","journal-title":"Financial Management"},{"key":"key2023020310332445200_ref007","doi-asserted-by":"publisher","first-page":"1","DOI":"10.23919\/CISTI.2017.7975927","article-title":"Fragilidad financiera de las empresas \u2013 estimaci\u00f3n de un modelo probabil\u00edstico logit y probit: caso ecuatoriano","volume-title":"Iberian Conference on Information Systems and Technologies","year":"2017"},{"issue":"1","key":"key2023020310332445200_ref008","first-page":"167","article-title":"A discriminant analysis of predictors of business failure","year":"1972","journal-title":"Journal of Accounting Research"},{"key":"key2023020310332445200_ref01155","volume-title":"Eurostat Regional Yearbook 2020","author":"European Commission","year":"2020"},{"issue":"4","key":"key2023020310332445200_ref009","doi-asserted-by":"publisher","first-page":"1546","DOI":"10.1108\/IJCHM-10-2017-0640","article-title":"Predicting bankruptcy in resort hotels: a survival analysis","year":"2019","journal-title":"International Journal of Contemporary Hospitality Management"},{"key":"key2023020310332445200_ref010","first-page":"1","article-title":"A review of bankruptcy prediction studies: 1930 to present","year":"2007","journal-title":"Journal of Financial Education"},{"key":"key2023020310332445200_ref011","unstructured":"INE (2021a). Empresas em Portugal 2019. Acedido em 23 de novembro de 2021, Retrieved from www.ine.pt\/xportal\/xmain?xpid=INE&xpgid=ine_publicacoes&PUBLICACOESpub_boui=418670737&PUBLICACOEStema=55579&PUBLICACOESmodo=2"},{"key":"key2023020310332445200_ref012","unstructured":"INE (2021b). Informa\u00e7\u00e3o estat\u00edstica, base de dados, empresas, pessoal ao servi\u00e7o (N.\u00b0) e volume de neg\u00f3cios (\u20ac) das empresas por localiza\u00e7\u00e3o geogr\u00e1fica (NUTS-2013) e atividade econ\u00f3mica (Subclasse - CAE ver.3). 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