Which Type of M&amp;A Makes an Acquiring Restaurant Firm a Star? Profit-Driven Versus Growth-Driven M&amp;A

Mun, Sung Gyun; Koh, Yoon; Jang, Soo Cheong

doi:10.1177/1938965520979174

Cited by 6 publications

(2 citation statements)

References 100 publications

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“…The internationalization of restaurant firms and the higher return on assets (ROA) also mitigated the impact of Covid shock on capital market, but franchising had no significant effect. MUN et al (2021) also examined restaurant companies in the United States in terms of merger and acquisition strategies (M&A). The relevance of acquisition strategies as a framework is confirmed by the expected wave of acquisitions that are likely to follow the pandemic.…”

Section: The Effect Of Covid On Hospitalitymentioning

confidence: 99%

Untitled

2021

TVT

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How will cultural tourism develop in the post-pandemic world? In order to look forward, this paper first looks back at the historical development of cultural tourism, from the rarified world of high culture to the mass consumption of pre-covid 'overtourism'. This also mirrors a growing debate about the function of cultural tourism in cities, from a 'good' form of tourism to attract high-spending visitors to problems of overcrowding, commodification and gentrification. Linked to these changes are shifts in cultural tourism practices, the rise of new cultural tourism destinations and modes of travel. We consider the rise of creative clusters and event programs as examples of emerging new practices in cultural tourism, highlighting the role of major events such as the European Capital of Culture. The focus of such major event programmes has progressively shifted to smaller cities, including Pécs in Hungary. How have these changes affected the places that cultural tourists visit, and what are the prospects for cultural tourism in the future?

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Section: The Effect Of Covid On Hospitalitymentioning

confidence: 99%

Untitled

2021

TVT

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“…Özmen (2020) investigated the influencing factors on the margins of restaurant businesses in Turkey. The impact of tip size on restaurant profit maximization was studied by Clifton et al (2021). These researchers calculated the critical tip size at which management should abandon the practice in order to prevent a decrease in restaurant profits.…”

Section: Introductionmentioning

confidence: 99%

Historical aspects of the profit category formation and its modern interpretation for enterprises of the hotel and restaurant business

Vyslobodska,

Kalaitan

2023

Bulletin of v. N. Karazin Kharkiv National University Economic Series

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The study purpose is (1) to examine the historical aspects of the economic category “profit” formation, (2) to determine the modern characteristics of the category "profit" and (3) of the profit formation features for enterprises of restaurant and hotel business. A systematic review of scientific literature on the topic was used to study the historical aspects of the profit category formation and of its current state. In order to assess the profit economic importance as a basis for the state development, time series analysis was used, as well as a graphical method based on Excel. Modelling was applied to assess the impact of factors on profit formation in the hotel and restaurant business. The results of the analysis of the scientific literature referred to the topic of the study show the ambiguous attraction of the profit category in the historical aspect of its development. Profit is a multifaceted and complex category that has constantly evolved from antiquity to modern times. The meaning of profit is evidenced by the fact that it is the main source of financial resources at the micro- and macro- levels. Income tax is important for formation of state budget revenues. The analysis of profit tax revenues and its share in Ukraine’s consolidated budget shows that the profit tax share in the revenues structure of the Ukraine consolidated budget fluctuates over the past 7 years within the range of 6–11%. Hotel and restaurant businesses belong to the service sector. At the same time, restaurant enterprise accomplishes the functions of production, trade, and service provision. An analytical study of the influence of factors on the formation of profit requires a qualitative analytical model that would take into account the specified specifics. Such a model should be based on a marginal approach.

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The impact of mispricing and growth opportunities on mergers and acquisitions of public companies from the behavioral theory of the firm

Wei,

Sun

2024

Finance Research Letters

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Which Type of M&A Makes an Acquiring Restaurant Firm a Star? Profit-Driven Versus Growth-Driven M&A

Cited by 6 publications

References 100 publications

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Historical aspects of the profit category formation and its modern interpretation for enterprises of the hotel and restaurant business

The impact of mispricing and growth opportunities on mergers and acquisitions of public companies from the behavioral theory of the firm

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