Doctor of Philosophy (PhD)
First Committee Member
Number of Pages
This study empirically investigates the relationship between firm-wise financial factors and firm performance in the hospitality industry from 2000 to 2004 using panel data regression. After a literature review of firm-wise financial factors and their impact on performance in the literature, unit-effect and time-effect linear models were proposed and examined in both the restaurant and hotel sectors with different firm performance measures used as the dependent variable (i.e., Proxy Q, Sharpe ratio, and Treynor ratio). While some variables, especially liquidity and solvency, were found to have significant impacts on firm performance measured by Proxy Q and Sharpe ratio in both the restaurant and hotel sectors, no financial variable was found to have a significant relationship with the Treynor ratio in either sector. Implications of this study's findings for both the restaurant and hotel sectors are discussed at the end.
Factors; Financial; Firm; Firm Performance; Firm-wise Financial Factors; Hospitality; Hospitality Industry; Industry; Investigation; Performance; Relationship; Wise
University of Nevada, Las Vegas
Mao, Zhenxing, "Investigation of the relationship between firm-wise financial factors and firm performance in the hospitality industry" (2006). UNLV Retrospective Theses & Dissertations. 2684.