Financial performance and internationalization in the US restaurant industry: A simultaneous perspective and analysis
Abstract
This study examines the simultaneous relationship between financial performance (FP) and the degree of internationalization (DOI) in the restaurant industry to address the potential endogeneity bias in prior research. In previous studies, theoretical rationales and empirical results appeared to contradict each other. These inconsistencies could have resulted from a unilateral approach of analyzing firm performance and degree of internationalization. The results of this study suggest the existence of a simultaneous relationship between financial performance and the degree of internationalization.
Publication Date
12-20-2013
Original Citation
Conroy Hong Luan, Dipendra Singh, and Nan Huaa, (2013). Financial Performance and Internationalization in the U.S. Restaurant Industry: A Simultaneous Perspective and Analysis. The Journal of Hospitality Financial Management, 21(2), 95-144.
Number of Pages
95-114
Document Type
Paper
Language
English
Source Title
Journal of Hospitality Financial Management
Volume
21
Issue
2
Copyright Status
Unknown
Copyright Date
2013
College
Rosen College of Hospitality Management
Location
Rosen College of Hospitality Management
STARS Citation
Hong Luan, Conroy; Singh, Dipendra; and Hua, Nan, "Financial performance and internationalization in the US restaurant industry: A simultaneous perspective and analysis" (2013). Faculty Scholarship and Creative Works. 333.
https://stars.library.ucf.edu/ucfscholar/333