Corporate Diversification and Firm Performance: Evidence from Asian Hotel Industry
The unstable environment of hotel industry which is driven by the fluctuation of tourism demand has motivated this study to look into the best diversification strategy for firm performance betterment. 42 hotel firms are investigated across 4 Asian economies, from year 2001 to 2012. Our results su...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2014
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| Subjects: | |
| Online Access: | http://eprints.usm.my/38533/ http://eprints.usm.my/38533/1/Corporate_Diversification_and_Firm_Performance_Evidence_from_Asian_Hotel_Industry.pdf |
| _version_ | 1848878496294633472 |
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| author | Ooi, Chai Aun Hooy, Chee Wooi Mat Som, Ahmad Puad |
| author_facet | Ooi, Chai Aun Hooy, Chee Wooi Mat Som, Ahmad Puad |
| author_sort | Ooi, Chai Aun |
| building | USM Institutional Repository |
| collection | Online Access |
| description | The unstable environment of hotel industry which is driven by the fluctuation
of tourism demand has motivated this study to look into the best diversification strategy
for firm performance betterment. 42 hotel firms are investigated across 4 Asian
economies, from year 2001 to 2012. Our results suggest that unrelated industrial
diversification is the only alternative to improve hotel firm performance. Unrelated
international diversification instead has a significant negative effect towards firm
performance. Our results further show that board of directors implies a significant link to
the relationship between diversification and firm performance, only in a crisis period. |
| first_indexed | 2025-11-15T17:32:16Z |
| format | Article |
| id | usm-38533 |
| institution | Universiti Sains Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T17:32:16Z |
| publishDate | 2014 |
| publisher | EDP Sciences |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | usm-385332018-01-24T08:02:50Z http://eprints.usm.my/38533/ Corporate Diversification and Firm Performance: Evidence from Asian Hotel Industry Ooi, Chai Aun Hooy, Chee Wooi Mat Som, Ahmad Puad HD28-70 Management. Industrial Management TH1-9745 Building construction The unstable environment of hotel industry which is driven by the fluctuation of tourism demand has motivated this study to look into the best diversification strategy for firm performance betterment. 42 hotel firms are investigated across 4 Asian economies, from year 2001 to 2012. Our results suggest that unrelated industrial diversification is the only alternative to improve hotel firm performance. Unrelated international diversification instead has a significant negative effect towards firm performance. Our results further show that board of directors implies a significant link to the relationship between diversification and firm performance, only in a crisis period. EDP Sciences 2014-11 Article PeerReviewed application/pdf en http://eprints.usm.my/38533/1/Corporate_Diversification_and_Firm_Performance_Evidence_from_Asian_Hotel_Industry.pdf Ooi, Chai Aun and Hooy, Chee Wooi and Mat Som, Ahmad Puad (2014) Corporate Diversification and Firm Performance: Evidence from Asian Hotel Industry. SHS Web of Conferences, 12 (01084). pp. 1-7. ISSN 2261-2424 https://doi.org/10.1051/shsconf/20141201084 |
| spellingShingle | HD28-70 Management. Industrial Management TH1-9745 Building construction Ooi, Chai Aun Hooy, Chee Wooi Mat Som, Ahmad Puad Corporate Diversification and Firm Performance: Evidence from Asian Hotel Industry |
| title | Corporate Diversification and Firm Performance: Evidence
from Asian Hotel Industry |
| title_full | Corporate Diversification and Firm Performance: Evidence
from Asian Hotel Industry |
| title_fullStr | Corporate Diversification and Firm Performance: Evidence
from Asian Hotel Industry |
| title_full_unstemmed | Corporate Diversification and Firm Performance: Evidence
from Asian Hotel Industry |
| title_short | Corporate Diversification and Firm Performance: Evidence
from Asian Hotel Industry |
| title_sort | corporate diversification and firm performance: evidence
from asian hotel industry |
| topic | HD28-70 Management. Industrial Management TH1-9745 Building construction |
| url | http://eprints.usm.my/38533/ http://eprints.usm.my/38533/ http://eprints.usm.my/38533/1/Corporate_Diversification_and_Firm_Performance_Evidence_from_Asian_Hotel_Industry.pdf |