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Recent research in hospitality financial management
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Recent research in hospitality financial management (2011)Recent research in hospitality financial …Impacts of positive and negative corporate social responsibility activities on company performance in the hospitality industry (2009)Impacts of positive and negat…Determinants of capital structure: evidence from Turkish lodging companies (2009)Determinants of capital struc…Consumer-Based Brand Equity and Firm Risk (2009)Consumer-Based Brand Equity a…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Employee satisfaction, customer satisfaction, and financial performance: An empirical examination (2008)Employee satisfaction, custom…Do socially responsible activities help hotels and casinos achieve their financial goals? (2008)Do socially responsible activ…The impact of the SARS outbreak on Taiwanese hotel stock performance: An event-study approach (2006)The impact of the SARS outbre…Revisit to the determinants of capital structure: A comparison between lodging firms and software firms (2005)Revisit to the determinants o…The impact of macroeconomic and non-macroeconomic forces on hotel stock returns (2004)The impact of macroeconomic a…The effect of consumer‐based brand equity on firms’ financial performance (2003)The effect of consumer‐based …The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Managing Hotel Brand Equity (2000)Managing Hotel Brand EquityThe Maturity Structure of Corporate Debt (1995)The Maturity Structure of Cor…Hospitality Industry Managerial Accounting (1986)Hospitality Industry Manageri…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…EPU and financial performance in the hospitality and tourism industry: Moderating effect of CSR, institutional ownership and cash holding (2023)EPU and financial performance…COVID-19 and firm value drivers in the tourism industry (2022)COVID-19 and firm value drive…A meta-analytic review of antecedents of hospitality and tourism firms’ performance: A cross-cultural comparison (2021)A meta-analytic review of ant…Why is asset-light strategy necessary? An empirical analysis through the lens of cost stickiness (2019)Why is asset-light strategy n…Institutional drivers of sustainability reporting in the global tourism industry (2019)Institutional drivers of sust…Family Ownership, Asset Levels, and Firm Performance in Western European Hospitality Companies (2019)Family Ownership, Asset Level…Ownership structure and firm performance of listed tourism firms (2018)Ownership structure and firm …Hotel performance and research streams: a network cluster analysis (2018)Hotel performance and researc…Foundations of hospitality performance measurement research: A co-citation approach (2018)Foundations of hospitality pe…Financing Decisions and Performance of Italian SMEs in the Hotel Industry (2018)Financing Decisions and Perfo…Cross-citation and authorship analysis of hotel performance studies (2018)Cross-citation and authorship…Performance measurement in tourism firms: A content analytical meta-approach (2016)Performance measurement in to…Short-term debt and long-term debt determinants in small and medium-sized hospitality firms (2015)Short-term debt and long-term…Hospitality finance and managerial accounting research (2014)Hospitality finance and manag…Financing behaviour of Portuguese SMEs in hotel industry (2014)Financing behaviour of Portug…Does the asset-light and fee-oriented strategy create value? (2012)Does the asset-light and fee-…Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Generalized autoregressive conditional heteroskedasticity (1986)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)COVID-19 and stock market volatility: An industry level analysis (2020)Hospitality and tourism industry amid COVID-19 pandemic: Perspectives on challenges and learnings from India (2020)The impact of COVID-19 on stock markets (2020)Corporate Social and Financial Performance: A Meta-Analysis (2003)The Social Responsibility of Business Is to Increase Its Profits (2007)Strategic management a stakeholder approach (2010)Doing good to do well? Corporate social responsibility reasons, practices and impacts in small and medium accommodation enterprises (2011)Corporate social responsibility: The disclosure–performance gap (2012)Perceived corporate social responsibility's impact on the well-being and supportive green behaviors of hotel employees: The mediating role of the employee-corporate relationship (2019)61. Capitalism and Freedom (2002)The impact of CSR on casino employees’ organizational trust, job satisfaction, and customer orientation: An empirical examination of responsible gambling strategies (2012)Exploring corporate social responsibility and financial performance through stakeholder theory in the tourism industries (2017)A review of the business case for CSR in the hospitality industry (2019)A Conceptual Model of Service Quality and Its Implications for Future Research (1985)Managing Brand Equity (1991)Conceptualizing, Measuring, and Managing Customer-Based Brand Equity (1993)Brand equity in hospital marketing (2007)How brand awareness relates to market outcome, brand equity, and the marketing mix (2011)The influence of brand equity on consumer responses (2013)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)Determinants of corporate borrowing (1977)The Determinants of Capital Structure Choice (1988)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The determinants and implications of corporate cash holdings (1999)Evaluating Structural Equation Models with Unobservable Variables and Measurement Error (1981)Structural equation modeling in practice: A review and recommended two-step approach. (1988)Testing Structural Equation Models. (1994)High-performance work practices and hotel employee performance: The mediation of work engagement (2012)The business value of online consumer reviews and management response to hotel performance (2014)Customer loyalty: a review and future directions with a special focus on the hospitality industry (2015)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)
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References

  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1995The Maturity Structure of Corporate Debt1,856 cited
  • 2008Employee satisfaction, customer satisfaction, and financial performance: An empirical examination754 cited
  • 2009Impacts of positive and negative corporate social responsibility activities on company performance in the hospitality industry641 cited
  • 2006The impact of the SARS outbreak on Taiwanese hotel stock performance: An event-study approach582 cited
  • 2003The effect of consumer‐based brand equity on firms’ financial performance506 cited
  • 2008Do socially responsible activities help hotels and casinos achieve their financial goals?356 cited
  • 2009Consumer-Based Brand Equity and Firm Risk343 cited
  • 2009Determinants of capital structure: evidence from Turkish lodging companies244 cited
  • 2000Managing Hotel Brand Equity242 cited
  • 2004The impact of macroeconomic and non-macroeconomic forces on hotel stock returns183 cited

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Revisit to the determinants of capital structure: A comparison between lodging firms and software firms
177 cited
  • 1986Hospitality Industry Managerial Accounting143 cited
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    • 2014Financing behaviour of Portuguese SMEs in hotel industry65 cited
    • 2018Ownership structure and firm performance of listed tourism firms60 cited
    • 2019Institutional drivers of sustainability reporting in the global tourism industry55 cited
    • 2023EPU and financial performance in the hospitality and tourism industry: Moderating effect of CSR, institutional ownership and cash holding54 cited
    • 2021A meta-analytic review of antecedents of hospitality and tourism firms’ performance: A cross-cultural comparison51 cited
    • 2022COVID-19 and firm value drivers in the tourism industry43 cited
    • 2018Financing Decisions and Performance of Italian SMEs in the Hotel Industry42 cited
    • 2018Cross-citation and authorship analysis of hotel performance studies40 cited
    • 2014Hospitality finance and managerial accounting research39 cited
    • 2018Foundations of hospitality performance measurement research: A co-citation approach32 cited
    • 2015Short-term debt and long-term debt determinants in small and medium-sized hospitality firms29 cited
    • 2018Hotel performance and research streams: a network cluster analysis28 cited
    • 2019Why is asset-light strategy necessary? An empirical analysis through the lens of cost stickiness27 cited
    • 2019Family Ownership, Asset Levels, and Firm Performance in Western European Hospitality Companies27 cited