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
Copyright Status
Unknown
Copyright Date
2014
College
Rosen College of Hospitality Management
Location
Rosen College of Hospitality Management
STARS Citation
Dalbor, Michael; Hua, Nan; and Andrew, William, "Factors that Impact Unsystematic Risk in the U.S. Restaurant Industry" (2014). Faculty Scholarship and Creative Works. 325.
https://stars.library.ucf.edu/ucfscholar/325