FINANCIAL PERFORMANCE AND INTERNATIONALIZATION IN THE U.S. RESTAURANT INDUSTRY: A SIMULTANEOUS PERSPECTIVE AND ANALYSIS

Authors

Conroy Hong Luan, Conrad N. Hilton College of Hotel & Restaurant Management, University of Houston, Houston, TX
Dipendra Singh, Rosen College of Hospitality Management, University of Central Florida, Orlando, FL
Nan Hua, Conrad N. Hilton College of Hotel & Restaurant Management, University of Houston, Houston, TX

Type of Submission

Refereed Article

Abstract

This study examines the simultaneous relationship between financial performance (FP) and the degree of internationalization (DOI) in the restaurant industry to address the potential endogeneity bias in prior research. In previous studies, theoretical rationales and empirical results appeared to contradict each other. These inconsistencies could have resulted from a unilateral approach of analyzing firm performance and degree of internationalization. The results of this study suggest the existence of a simultaneous relationship between financial performance and the degree of internationalization.

DOI

10.1080/10913211.2013.861229

Recommended Citation

Luan, Conroy Hong; Singh, Dipendra; and Hua, Nan (2013) "FINANCIAL PERFORMANCE AND INTERNATIONALIZATION IN THE U.S. RESTAURANT INDUSTRY: A SIMULTANEOUS PERSPECTIVE AND ANALYSIS," Journal of Hospitality Financial Management: Vol. 21: Iss. 2, Article 4.
DOI: 10.1080/10913211.2013.861229
Available at: https://scholarworks.umass.edu/jhfm/vol21/iss2/4