2003, Vol.27, No.1

Journal of Tourism Sciences 2023 KCI Impact Factor : 2.7

pISSN : 1226-0533 / eISSN : 2713-6388
https://journal.kci.go.kr/JTS

Together with research problems, hypotheses are the most important element for conducting a good research. It might be that academic writers especially in Korea used to overemphasize or misuse the importance of the hypothesis itself such that authors make his/her articles fall in spurious positivism. In that sense this paper purports to investigate these problems often neglected among writers. Authors analyze hypotheses’ types and trends of the given 234 articles appeared in the Journal of Tourism Sciences(JTS) and of 344 papers in the Annals of Tourism Research(ATR) during 1994-2001 period. The result shows that JTS writers tends to rely highly on quantitative research methods that test hypotheses by the questionnaire survey, whereas ATR writers used to depend on qualitative research methods in which hypotheses are not so important element in pursuing a research.

This article deals with partial-adjustment model as a way of estimating tourist demand function for outbound Korean. There are many restrictions in travel to overseas, such as psychological, technical, or institutional reasons. So it might be realistic if one makes international tourism demand adjust partially by time, especially using quarterly data, or monthly data. Empirical results show that the coefficient of adjustment is less than unity, which means that outbound Korean tourists tend to adjust to difference between actual and desirable level of demand in every period.Further more, both short-run and long-run elasticities of outbound demand were found in between 1.34 and 4.29, which strongly endorses existing estimation results.

Based on Ohlson’s earning persistence thesis, this study examines whether persistence of abnormal earnings affects on the book value of equity and earnings. According to Ohlson’s theoretical framework, a firm’s market value is a function of its book value of equity, earnings, and other information, the persistence of abnormal earnings has a systematic relation with book value equity and earnings. The persistence is measured the first autocorrelation coefficient of abnormal earnings for two consecutive periods.The differences of persistence in abnormal earnings between hotel industry and manufacturing industry were compared. Results show that hotel, especially deluxe hotels have higher earning persistence coefficient than that of manufacturing industries.