Theodore Metaxas

Intense urbanization creates large cities that are functionally and administratively dependent on the surrounding regions and cities. As the boundaries of cities expand, so do the chronic stresses and sudden shocks they face. To reduce the impact of these threats and increase the safety and well-being of residents, metropolises must become more resilient and sustainable. Governance emerges as a critical element in achieving the resilience and sustainable development of metropolises. It is said that “good urban governance and sustainable development are closely linked”. This paper examines governance in the context of the 100 Resilient Cities network program and tries to diagnose the role that good governance plays at a metropolitan scale in achieving urban resilience and sustainable development using the 100 RC network’s metropolitan US cities as a case study. It adopts a combined methodology, and its critical documents are (a) The City Resilience Framework and (b) the strategic study of metropolises. This article aspires to contribute to a better understanding of the relationship between urban governance, urban resilience, and sustainable development, and highlights good urban governance as an important tool for the effective management of chronic pressures and risks in cities.

Empirical corporate failure studies focusing on specific economic activities are increasing in number, as this path can be a more precise investigation of default, although still there is a gap in the literature reviews at the sector level. The purpose of this study is to focus on the hotel sector and isolate the financial determinants linked to hotel default, as the approach of accounting-based models is the most frequent practice. To arrange the variety of outputs, a thorough design is applied based on specific inclusion and exclusion criteria, leading to 29 studies, which are further narrated, focusing mainly on the financial dimension. In addition, information on the study design is recorded in an aggregated table. The most frequent stylized results show that debt and liability measures increase the default risk, while measures of profitability and size in terms of total assets reduce the risk. This review addresses the calls for a sectoral focus and provides an up-to-date financial overview of hotel default assessments. It further aims to benefit academia, as it can act as a base for further development, as well as stakeholders involved in the financial sustainability of the hotel sector.