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2005-12-05
英文文献:Growth Expectations and Decision to Renovate a Golf Course: An Application of a Censored Model with the Simultaneity Test
英文文献作者:Bilgic, Abdulbaki,Florkowski, Wojciech J.
英文文献摘要:
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.
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