Work

Determinants of Restaurant Systematic Risk: A Reexamination

Year: 2002

Type: article

Abstract: This study reexamines determinants of the systematic risk or beta of restaurant firms based on the financial data of 75 U.S. restaurant firms from 1996 through 1999. Our weighted least-squares regression analysis found that restaurant systematic risk correlated negatively with assets turnover but positively with quick ratio. The findings suggest that high efficiency in generating sales revenue helps lower the systematic risk, while excess liquidity tends to increase the risk.

Source: The Journal of Hospitality Financial Management

DOI: 10.1080/10913211.2002.10653757

Authors: Zheng Gu, Hyunjoon Kim

Institutions: University of Nevada, Las Vegas, University of Hawaiʻi at Mānoa

Language: English

Topic: Financial Analysis and Corporate Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1974587544

FWCI: 2.584

Cites: 28

Cited by: 68

Related to: 10