Title

Factors that Impact Unsystematic Risk in the U.S. Restaurant Industry

Abstract

The purpose of this research is to explore the relationship between restaurant management factors and the unsystematic risk portion of restaurant stock returns. The riskiness of the restaurant business has been brought to the forefront of popular culture through a number of reality television shows. Although the riskiness of the business overall has been exaggerated, these shows highlight the importance of the ability of the owner-manager. We examine three critical areas of restaurant management, including financial management, operations management, and firm size, and find that all are significantly related to a firm's unsystematic risk.

Publication Date

12-13-2014

Original Citation

Dalbor, M. C., Hua, N. & Andrew, W. (2014). Factors that impact unsystematic risk in the U.S restaurant industry. The Journal of Hospitality Financial Management, 22(2), 89-96.

Number of Pages

89-96

Document Type

Paper

Language

English

Source Title

Journal of Hospitality Financial Management

Volume

22

Issue

2

College

Rosen College of Hospitality Management

Location

Rosen College of Hospitality Management

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http://dx.doi.org/10.1080/10913211.2014.970047

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