Editor
Atul Sheel, Ph.D.
University of Massachusetts
Welcome to the Journal of Hospitality Financial Management.
The Journal of Hospitality Financial Management (ISSN 1091-3211 for print version, E-ISSN 2152-2790 for online version) is the official refereed publication of the Association of Hospitality Financial Management Educators (AHFME), a premier academic organization devoted to the study and promotion of knowledge about finance, financial economics and accounting in hospitality and tourism. Published twice a year, the journal is committed to featuring leading research in the area of finance, financial economics and accounting related to hospitality and tourism. The journal also features invited papers on special interest hospitality finance/accounting topics, viewpoints, research notes, book reviews and abstracts of papers presented at the Annual Symposium of the Association of Hospitality Financial Management Educators (AHFME). Research article submissions in this journal typically undergo a double blind review process. Some of the key criteria for evaluation include innovativeness of research ideas, rigor and quality of research, clarity, and relevance to the practice and/or education of financial management and accounting in hospitality and tourism.
Current Issue: Volume 20, Issue 1
Editor's Note
Refereed Articles
Returns to Hospitality Acquisitions by Method of Payment
Hyun Kyung Chatfield, Robert Chatfield, and Michael Dalbor
Does Cost Efficiency Lead to Better Financial Performance? A Study on Taiwan International Tourist Hotels
Hwai-Shuh Shieh
Why Do Restaurant Firms Initiate Dividends?
Seonghee Oak, Nan Hua, and Michael Dalbor
Estimating Cost of Equity in the Restaurant Industry: What is Your Required Rate of Return?
Melih Madanoglu, Murat Kizildag, and Ersem Karadag
Invited Article
AHFME Academic Member 2011 Total Annual Earnings Survey
Raymond S. Schmidgall
Industry Insights
Hotel Industry Demand Curves
Jack Corgel, Jamie Lane, and Mark Woodworth
AHFME Symposium Abstracts
The Relationship among Guestroom Renovation, Customer Satisfaction, and Profitability
Barry A.N. Bloom
Capital Intensity, Advertising Intensity and Unsystematic Risk of U.S. Restaurants
Melih Madanoglu, Murat Kizildag, and Ozgur Ozdemir
The Impact of Franchising on Outperformance in the Restaurant Industry: A Long Term Perspective
Nan Hua, Seonghee Oak, and Michael C. Dalbor
The Value of Employee Satisfaction
Hugo Tang