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An Assessment of the Use of Partial Least Squares Structural Equation Modeling (PLS-SEM) in Hospitality Research

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Release : 2018
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Kind : eBook
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Book Synopsis An Assessment of the Use of Partial Least Squares Structural Equation Modeling (PLS-SEM) in Hospitality Research by : Faizan Ali

Download or read book An Assessment of the Use of Partial Least Squares Structural Equation Modeling (PLS-SEM) in Hospitality Research written by Faizan Ali. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: Purpose Structural equation modeling (SEM) depicts one of the most salient research methods across a variety of disciplines, including hospitality management. Although for many researchers, SEM is equivalent to carrying out covariance-based SEM, recent research advocates the use of partial least squares structural equation modeling (PLS-SEM) as an attractive alternative. The purpose of this paper is to systematically examine how PLS-SEM has been applied in major hospitality research journals with the aim of providing important guidance and, if necessary, opportunities for realignment in future applications. Because PLS-SEM in hospitality research is still in an early stage of development, critically examining its use holds considerable promise to counteract misapplications which otherwise might reinforce over time. Design/methodology/approach All PLS-SEM studies published in the six SSCI-indexed hospitality management journals between 2001 and 2015 were reviewed. Tying in with the prior studies in the field, the review covers reasons for using PLS-SEM, data characteristics, model characteristics, the evaluation of the measurement models, the evaluation of the structural model, reporting and use of advanced analyses. Findings Compared to other fields, the results show that several reporting practices are clearly above standard but still leave room for improvement, particularly regarding the consideration of state-of-the art metrics for measurement and structural model assessment. Furthermore, hospitality researchers seem to be unaware of the recent extensions of the PLS-SEM method, which clearly extend the scope of the analyses and help gaining more insights from the model and the data. As a result of this PLS-SEM application review in studies, this research presents guidelines on how to accurately use the method. These guidelines are important for the hospitality management and other disciplines to disseminate and ensure the rigor of PLS-SEM analyses and reporting practices. Research limitations/implications Only articles published in the SSCI-indexed hospitality journals were examined and any journals indexed in other databases were not included. That is, while this research focused on the top-tier hospitality management journals, future research may widen the scope by considering hospitality management-related studies from other disciplines, such as tourism research or general management. Originality/value This study contributes to the literature by providing hospitality researchers with the updated guidelines for PLS-SEM use. Based on a systematic review of current practices in the hospitality literature, critical methodological issues when choosing and using the PLS-SEM were identified. The guidelines allow to improve future PLS-SEM studies and offer recommendations for using recent advances of the method.

Applying Partial Least Squares in Tourism and Hospitality Research

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Author :
Release : 2018-12-14
Genre : Business & Economics
Kind : eBook
Book Rating : 001/5 ( reviews)

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Book Synopsis Applying Partial Least Squares in Tourism and Hospitality Research by : Faizan Ali

Download or read book Applying Partial Least Squares in Tourism and Hospitality Research written by Faizan Ali. This book was released on 2018-12-14. Available in PDF, EPUB and Kindle. Book excerpt: Ten chapters discuss key aspects of advanced PLS analysis and its practical applications, covering new guidelines and improvements in the use of PLS-PM as well as various individual topics.

Partial Least Squares Structural Equation Modeling

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Author :
Release : 2018-02-16
Genre : Business & Economics
Kind : eBook
Book Rating : 913/5 ( reviews)

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Book Synopsis Partial Least Squares Structural Equation Modeling by : Necmi K. Avkiran

Download or read book Partial Least Squares Structural Equation Modeling written by Necmi K. Avkiran. This book was released on 2018-02-16. Available in PDF, EPUB and Kindle. Book excerpt: This book pulls together robust practices in Partial Least Squares Structural Equation Modeling (PLS-SEM) from other disciplines and shows how they can be used in the area of Banking and Finance. In terms of empirical analysis techniques, Banking and Finance is a conservative discipline. As such, this book will raise awareness of the potential of PLS-SEM for application in various contexts. PLS-SEM is a non-parametric approach designed to maximize explained variance in latent constructs. Latent constructs are directly unobservable phenomena such as customer service quality and managerial competence. Explained variance refers to the extent we can predict, say, customer service quality, by examining other theoretically related latent constructs such as conduct of staff and communication skills. Examples of latent constructs at the microeconomic level include customer service quality, managerial effectiveness, perception of market leadership, etc.; macroeconomic-level latent constructs would be found in contagion of systemic risk from one financial sector to another, herd behavior among fund managers, risk tolerance in financial markets, etc. Behavioral Finance is bound to provide a wealth of opportunities for applying PLS-SEM. The book is designed to expose robust processes in application of PLS-SEM, including use of various software packages and codes, including R. PLS-SEM is already a popular tool in marketing and management information systems used to explain latent constructs. Until now, PLS-SEM has not enjoyed a wide acceptance in Banking and Finance. Based on recent research developments, this book represents the first collection of PLS-SEM applications in Banking and Finance. This book will serve as a reference book for those researchers keen on adopting PLS-SEM to explain latent constructs in Banking and Finance.

Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R

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Author :
Release : 2021-11-03
Genre : Business & Economics
Kind : eBook
Book Rating : 190/5 ( reviews)

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Book Synopsis Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R by : Joseph F. Hair Jr.

Download or read book Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R written by Joseph F. Hair Jr.. This book was released on 2021-11-03. Available in PDF, EPUB and Kindle. Book excerpt: Partial least squares structural equation modeling (PLS-SEM) has become a standard approach for analyzing complex inter-relationships between observed and latent variables. Researchers appreciate the many advantages of PLS-SEM such as the possibility to estimate very complex models and the method’s flexibility in terms of data requirements and measurement specification. This practical open access guide provides a step-by-step treatment of the major choices in analyzing PLS path models using R, a free software environment for statistical computing, which runs on Windows, macOS, and UNIX computer platforms. Adopting the R software’s SEMinR package, which brings a friendly syntax to creating and estimating structural equation models, each chapter offers a concise overview of relevant topics and metrics, followed by an in-depth description of a case study. Simple instructions give readers the “how-tos” of using SEMinR to obtain solutions and document their results. Rules of thumb in every chapter provide guidance on best practices in the application and interpretation of PLS-SEM.

Applying Partial Least Squares in Tourism and Hospitality Research

Download Applying Partial Least Squares in Tourism and Hospitality Research PDF Online Free

Author :
Release : 2018-12-14
Genre : Business & Economics
Kind : eBook
Book Rating : 01X/5 ( reviews)

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Book Synopsis Applying Partial Least Squares in Tourism and Hospitality Research by : Faizan Ali

Download or read book Applying Partial Least Squares in Tourism and Hospitality Research written by Faizan Ali. This book was released on 2018-12-14. Available in PDF, EPUB and Kindle. Book excerpt: Ten chapters discuss key aspects of advanced PLS analysis and its practical applications, covering new guidelines and improvements in the use of PLS-PM as well as various individual topics.

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