2018
DOI: 10.1108/ijchm-06-2017-0321
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Internationalization as a determinant of systematic risk: the role of restaurant type

Abstract: Purpose The purpose of this study is twofold: to investigate the relationship between restaurant firms’ internationalization and systematic risk, and to further examine the relationship between internationalization and systematic risk based on the type of restaurant firm (i.e. limited-service vs full-service restaurants). Design/methodology/approach This study analyzes data from US-based publicly traded restaurant firms by estimating systematic risk based on the Carhart four-factor model and by performing a … Show more

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Cited by 13 publications
(4 citation statements)
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“…There is no empirical evidence in the literature regarding the possible moderating effect of restaurant type on CBBE formation. However, there are studies that examine the moderating role of restaurant type in the analysis of differences: in customer responses to restaurants (Ali et al , 2019); in the ratings they provide on restaurants in search service platforms (Hlee et al , 2019); and in various aspects from the restaurant management perspective (Jung et al , 2018).…”
Section: Literature Reviewmentioning
confidence: 99%
“…There is no empirical evidence in the literature regarding the possible moderating effect of restaurant type on CBBE formation. However, there are studies that examine the moderating role of restaurant type in the analysis of differences: in customer responses to restaurants (Ali et al , 2019); in the ratings they provide on restaurants in search service platforms (Hlee et al , 2019); and in various aspects from the restaurant management perspective (Jung et al , 2018).…”
Section: Literature Reviewmentioning
confidence: 99%
“…There was also research on the intersection of CSR, globalization, and franchising in the cluster (B. Kim & Lee, 2020;Jung, Dalbor, et al, 2018;Jung, Kim, et al, 2018b).…”
Section: Conceptual Structure Mapmentioning
confidence: 99%
“…Globalization has helped industries to expand across the world, and this includes the hospitality industry (Sun and Lee, 2013) where different environments and norms (Mwaura et al, 1998) require the adaption of strategies, objectives, and policies that support their operations. In preparing for expansion, companies have to consider cultural and social risks that might emerge to ensure that local cultures are not adversely impacted (Jung et al, 2018). Kang et al (2016) argue that companies have not paid sufficient attention to actions and policies related to CRS in host countries.…”
Section: Corporate Social Responsibility In Hospitalitymentioning
confidence: 99%
“…, 1998) require the adaption of strategies, objectives, and policies that support their operations. In preparing for expansion, companies have to consider cultural and social risks that might emerge to ensure that local cultures are not adversely impacted (Jung et al. , 2018).…”
Section: Corporate Social Responsibility In Hospitalitymentioning
confidence: 99%