Publication:
Impacts of COVID-19 on the U.S. Restaurant Industry from the Global Perspective

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dc.contributor.authorLee, Seoki
dc.contributor.authorSong, Hyoungju
dc.contributor.authorLin, Michael S.
dc.contributor.authorSharma, Amit
dc.contributor.departmentPennsylvania State University
dc.contributor.departmentPennsylvania State University
dc.contributor.departmentPennsylvania State University
dc.contributor.departmentPennsylvania State University
dc.date2023-09-24T06:39:11.000
dc.date.accessioned2024-04-26T17:48:41Z
dc.date.available2021-04-27T00:00:00Z
dc.date.issued2021-04-27
dc.description.abstractThe current study explores the impact of COVID-19 on the U.S. restaurant industry in terms of its stock performance, and further incorporates a global perspective into this examination by testing both the main and moderating effects of non-U.S. COVID-19 and also the moderating effect of the internationalization strategy of the U.S. restaurant industry. Findings of this study confirm that U.S. COVID-19 had a negative influence on U.S. restaurant firms' stock returns while non-U.S. COVID-19 had a positive impact. Further, the non-U.S. COVID-19 had a positive moderating effect on the relationship between U.S. COVID-19 and restaurant firms' stock returns. Unexpectedly, the study finds that U.S. restaurant firms' internationlization strategy does not moderate the negative impact of U.S. COVID-19 on restaurants' stock performance. Practical implications and suggestions for future research are also discussed.
dc.identifier.doihttps://doi.org/10.7275/x78z-g422
dc.identifier.urihttps://hdl.handle.net/20.500.14394/31062
dc.relation.urlhttps://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1480&context=jhfm&unstamped=1
dc.source.statuspublished
dc.subjectCOVID-19
dc.subjectnon-U.S. COVID-19
dc.subjectinternationalization
dc.subjectthe restaurant industry
dc.subjectCorporate Finance
dc.subjectFinance and Financial Management
dc.subjectFood and Beverage Management
dc.subjectGaming and Casino Operations Management
dc.subjectHospitality Administration and Management
dc.subjectReal Estate
dc.subjectTourism and Travel
dc.titleImpacts of COVID-19 on the U.S. Restaurant Industry from the Global Perspective
dc.typeinvited
dc.typearticle
digcom.contributor.authorLee, Seoki
digcom.contributor.authorSong, Hyoungju
digcom.contributor.authorLin, Michael S.
digcom.contributor.authorSharma, Amit
digcom.date.embargo2021-04-27T00:00:00-07:00
digcom.identifierjhfm/vol29/iss1/2
digcom.identifier.contextkey22685843
digcom.identifier.submissionpathjhfm/vol29/iss1/2
dspace.entity.typePublication
relation.isJournalIssueOfPublication1ab7e534-be6d-4f3d-912d-b10bd98a7921
relation.isJournalIssueOfPublication.latestForDiscovery1ab7e534-be6d-4f3d-912d-b10bd98a7921
relation.isJournalOfPublication6155825c-4ad2-4120-88a6-007286cea199
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