Growth Expectations and Decision to Renovate a Golf Course: An Application of a Censored Model with the Simultaneity Test
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Golf course renovation and expected business growth were examined. Endogeneity test on the renovation decision and a censored expected growth model rejected the hypothesis of simultaneity and decisions were modeled separately. Key determinants for both decisions were golf facility features, but not respondents' characteristics.