Title: The implementation of qualitative comparative analysis (QCA) to define the working capital management strategy of hotels in Indonesia

Authors: Rini Anggraini Lestari; Taufik Faturohman

Addresses: School of Business and Management, Institut Teknologi Bandung, Bandung 40132, Indonesia ' School of Business and Management, Institut Teknologi Bandung, Bandung 40132, Indonesia

Abstract: Indonesian tourism and hotel business has shown positive growth and prepared as the economic leading sector. This research aims to define the working capital management strategy of Hotels in Indonesia to optimise corporate performance in spite of the uncertainty of the external environment and seasonal demand. The data consist of quarterly financial data of 11 companies under subsector hotel, restaurant, and tourism listed in Indonesia Stock Exchange during 2012-2016. The study proposes five possible strategies for working capital management based on the profitability performance which all aim to optimise the corporate performance. The strategies are constructed theoretically using fuzzy set qualitative comparative analysis (fsQCA) method and feasibly to be tested in Indonesia and international chain hotels.

Keywords: fsQCA; fuzzy set QCA; QCA; qualitative comparative analysis; short-term financial decision; strategy; working capital management; hospitality management.

DOI: 10.1504/IJTGM.2019.101563

International Journal of Trade and Global Markets, 2019 Vol.12 No.3/4, pp.354 - 362

Received: 03 Aug 2018
Accepted: 15 Jan 2019
Published online: 12 Aug 2019 *

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