The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
| Format: | Restricted Document |
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| _version_ | 1860797864152662016 |
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| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 |
| date | 2024-08-29 16:39:22 |
| format | Restricted Document |
| id | 14434 |
| institution | UniSZA |
| originalfilename | 3758-01-FH05-FSSG-18-15083.pdf |
| person | User user USER UsEr |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=14434 |
| spelling | 14434 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=14434 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Book Chapter application/pdf 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in User user 23 USER UsEr 2024-08-29 16:39:22 3758-01-FH05-FSSG-18-15083.pdf UniSZA Private Access The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry This study suggests two new diversification strategies, i.e., tourism-related and tourism-unrelated diversifications which are specifically applicable to the hotel firms. This study aims to investigate which diversification strategy has better benefits toward firm performance. This study includes a complete set of public listed firms of the hotel industry from four Asian countries, namely, Hong Kong, Singapore, China, and Malaysia, covering from years 2001 to 2012. Revealing the advantage and disadvantage of both diversification strategies, the empirical evidence regarding its influences on hotel firm performance are investigated in this study. This study finds a nonlinear relationship between degree of diversification and firm performance. Confronting with the volatile earnings when crises strike tourism sector, this study further shows how the crises affect the relationship between tourism-related/unrelated diversification strategy and hotel firm performance. Emerald Publishing Limited Emerald Publishing Limited 105-123 Advances in Pacific Basin Business, Economics and Finance |
| spellingShingle | The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry |
| summary | This study suggests two new diversification strategies, i.e., tourism-related and tourism-unrelated diversifications which are specifically applicable to the hotel firms. This study aims to investigate which diversification strategy has better benefits toward firm performance. This study includes a complete set of public listed firms of the hotel industry from four Asian countries, namely, Hong Kong, Singapore, China, and Malaysia, covering from years 2001 to 2012. Revealing the advantage and disadvantage of both diversification strategies, the empirical evidence regarding its influences on hotel firm performance are investigated in this study. This study finds a nonlinear relationship between degree of diversification and firm performance. Confronting with the volatile earnings when crises strike tourism sector, this study further shows how the crises affect the relationship between tourism-related/unrelated diversification strategy and hotel firm performance. |
| title | The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry |
| title_full | The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry |
| title_fullStr | The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry |
| title_full_unstemmed | The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry |
| title_short | The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry |
| title_sort | choice of industrial diversification strategy for public listed firms in the hotel industry |