Signature Signature Bikash Shrestha Bishnu Raj Adhikari Management Research

Signature signature bikash shrestha bishnu raj

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Signature: Signature: Bikash Shrestha Bishnu Raj Adhikari Management Research Committee Kathmandu College of Management Date: 12-11-2018 Date: 12-11-2018
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COMPARISON OF FINANCIAL PERFORMANCE OF LISTED HOTELS 5 Table of Contents Abstract ................................................................................................................................ 7 List of tables ........................................................................................................................ 8 List of figures ....................................................................................................................... 9 Acronyms ....................................................................................................................... 10 Statement of problem ......................................................................................................... 12 Objectives of the study ...................................................................................................... 12 Significance of the study ................................................................................................... 13 Organization of the study ................................................................................................... 13 Literature Review .............................................................................................................. 15 Related theory ................................................................................................................ 15 Empirical literature review ............................................................................................. 15 Theoretical Framework .................................................................................................. 21 Hypothesis ...................................................................................................................... 22 Research methodology ....................................................................................................... 23 Research design .............................................................................................................. 23 Population and sample of the study ............................................................................... 23 Nature and sources of data ............................................................................................. 24 Statistical tools used ....................................................................................................... 24 Definition of the variables .............................................................................................. 25
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COMPARISON OF FINANCIAL PERFORMANCE OF LISTED HOTELS 6 Presentation and analysis of data ....................................................................................... 27 Analysis of data .............................................................................................................. 27 Structure and pattern of variables under study ............................................................... 27 Descriptive statistics ...................................................................................................... 28 ANOVA .......................................................................................................................... 28 Limitations ..................................................................................................................... 30 Findings and conclusion .................................................................................................... 31 Findings .......................................................................................................................... 31 Managerial implication .................................................................................................. 32 Conclusion ..................................................................................................................... 33 Future direction of the study .......................................................................................... 33 Appendix ............................................................................................................................ 35 Bibliography ...................................................................................................................... 40
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COMPARISON OF FINANCIAL PERFORMANCE OF LISTED HOTELS 7 Abstract Attention to the concept of accounting profit and its performance scope in company's performance provides a developing ground for experimental investigations of accounting and financial affairs and eventually leads to growth in companies. The model of traditional accounting focuses on financial and physical properties and ignores most of the properties of intellectual capital. Lack of knowledge about intellectual capital accounting and its role in the process of creating value cause the financial statements not to show most of the values for the shareholders and other users. The study is intended to compare the financial performance of the listed hotels in Nepal Stock Exchange (NEPSE) over the past 8-year period from 2010 to 2017. Financial performance has been evaluated through Return On Equity (ROE), Return On Asset (ROA) and Net Income After Tax (NIAT). Since the research included only publicly listed hotels only 3 hotels fell into the category namely Hotel Oriental, Hotel Taragaon and Hotel Soaltee. The data has been analyzed by using descriptive statistics and ANOVA. Results of the analysis show no significant difference in NIAT across Hotel Oriental, Hotel Taragaon and Hotel Soaltee. There is no significant difference in ROA across Hotel Oriental, Hotel Taragaon and Hotel Soaltee. However, there is significant difference in ROE across Hotel Oriental, Hotel Taragaon and Hotel Soaltee. The outcomes of the study will act as a reference for BBA students and potential researchers who are doing research on similar studies. Keywords : financial performance, Return On Equity, Return on Asset, Net Income After Tax
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COMPARISON OF FINANCIAL PERFORMANCE OF LISTED HOTELS 8 List of tables Table 1: Empirical Literature Review Table…………………………………………….35 Table 2: List of samples of Hotels selected under study………………………………..36 Table 3: Descriptive statistics of variables under study………………………………...36 Table 4: ANOVA table for ROA………………………………… .................................. 37
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