Award Date

1-1-2006

Degree Type

Dissertation

Degree Name

Doctor of Philosophy (PhD)

Department

Hotel Administration

First Committee Member

Zheng Gu

Number of Pages

121

Abstract

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.

Keywords

Factors; Financial; Firm; Firm Performance; Firm-wise Financial Factors; Hospitality; Hospitality Industry; Industry; Investigation; Performance; Relationship; Wise

Controlled Subject

Finance

File Format

pdf

File Size

3338.24 KB

Degree Grantor

University of Nevada, Las Vegas

Language

English

Permissions

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Identifier

https://doi.org/10.25669/m5yc-i422


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