CEO Attributes and Firm Performance in the Hospitality Industry

Past research has shown mixed results regarding the role CEO compensation plays in influencing firm financial performance in the hospitality industry. To explore this relationship further, we concomitantly examine the role of compensation and CEO attributes like education, age, tenure, functional background, and gender on firm financial performance. Our analyses are based on secondary and hand-collected data from a large and comprehensive sample of U.S. publicly traded hospitality firms. The results from panel data analyses show that CEO cash compensation is positively related to return on assets, while equity compensation is unrelated to firm performance. We further find that when CEO compensation and attributes are jointly examined, CEO compensation has a relatively lower impact on firm performance than CEO attributes do. The results imply that the hospitality industry may want to reconsider its compensation practices in order to better align the interests of managers and shareholders and motivate managers to maximize firm value.

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The Link between Analysis Dimension of Strategic Orientation and Firm Performance in Small and Medium Enterprises in the Hospitality Industry in Kenya: The Moderating Role of Top Manager’s Ownership Status

International Journal of Advances in Management and Economics ◽

10.31270/ijame/07/04/2018/03 ◽

2018 ◽

Vol 7 (4) ◽

pp. 20-33

Author(s):

Martha Cheluget ◽

Caroline J. S. Koech

Keyword(s):

Firm Performance ◽

Hospitality Industry ◽

Small And Medium Enterprises ◽

Strategic Orientation ◽

Ownership Status ◽

Medium Enterprises ◽

Moderating Role

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The Moderating Effect of Economic Growth Rate on the Relationship between Customer Satisfaction and Firm Performance: a Comparison between the Hospitality Industry and the Non-Hospitality Service Industry

Journal of Korea Service Management Society ◽

10.15706/jksms.2016.17.3.014 ◽

2016 ◽

Vol 17 (3) ◽

pp. 291-309

Author(s):

Choi, Mi Seon ◽

Kyung Ho Kang

Keyword(s):

Economic Growth ◽

Growth Rate ◽

Firm Performance ◽

Customer Satisfaction ◽

Hospitality Industry ◽

Service Industry ◽

Moderating Effect ◽

Economic Growth Rate ◽

The Relationship

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An examination of the curvilinear relationship between capital intensity and firm performance for publicly traded US hotels and restaurants

International Journal of Contemporary Hospitality Management ◽

10.1108/09596111111153510 ◽

2011 ◽

Vol 23 (6) ◽

pp. 862-880 ◽

Cited By ~ 16

Author(s):

Seoki Lee ◽

Qu Xiao

Keyword(s):

Firm Performance ◽

Firm Value ◽

Hospitality Industry ◽

Capital Intensity ◽

Curvilinear Relationship ◽

Intensity Level ◽

Publicly Traded ◽

Content Type ◽

The Us ◽

The Relationship

PurposeThis study sets out to examine the potential curvilinear relationship between capital intensity and firm value for the US hospitality industry, specifically including publicly traded US hotels and restaurants, during the period 1990‐2008.Design/methodology/approachThis study performs a pooled regression analysis to examine the proposed relationship. The sampled companies are from the period 1990‐2008, consisting of 281 and 1,406 observations for the hotel and restaurant industries, respectively. The study additionally performs the analysis for the 1990s and the 2000s separately for a comparison purpose.FindingsThe findings support the U‐shaped relationship between capital intensity and firm performance during the 2000s for both hotels and restaurants, while no relationship exists during the 1990s.Research limitations/implicationsWhile the results may not be generalizable to private or non‐US hotels and restaurants, the findings should provide hotel and restaurant executives and managers with valuable information for developing their strategies with regard to the capital intensity level.Originality/valueBased on the two perspectives regarding capital intensity's impact on a firm (i.e. positive and negative), a possible proposal suggests that the relationship between capital intensity and a firm's value may not be linear, but possibly curvilinear. Considering the importance of capital intensity in the hospitality industry, examinations of the issue would be beneficial for the hospitality industry.

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The Effect of Board Governance and CEO Attributes Towards Corporate Performance of Malaysian Public Listed Financial Companies

UNIMAS Review of Accounting and Finance ◽

10.33736/uraf.2788.2020 ◽

2020 ◽

Vol 4 (1) ◽

pp. 69-83

Author(s):

Josephine Tan Hwang Yau

Keyword(s):

Firm Performance ◽

Significant Relationship ◽

Positive Impact ◽

Capital Expenditure ◽

Board Independence ◽

Board Meeting ◽

Board Size ◽

Thomson Reuters ◽

Ceo Age ◽

Ceo Attributes

This paper investigates the relationship between corporate governance, CEO attributes and firm performance of public listed financial companies in Malaysia from 2008 to 2017. There are several theories employed in the studies whereby the agency theory and resource dependency theory suggest that the board size have a positive impact on firm performance. In contrast, stewardship theory suggests smaller board size positively impacts the firm performance and prospect theory suggested that every person perceives and values gains and losses differently, and this affects the decision making. The firm performance has been measured using the return on equity (ROE) and return on assets (ROA). The data of the variables of board size, board independence, board meeting, CEO duality, CEO age and CEO gender are manually obtained from the annual reports, while the financial data include firm performance, capital expenditure and leverage are obtained from the Thomson Reuters Datastream. The research method employed in this study is the panel regression analysis. The findings of this study suggest that there is a positive and significant relationship between board size and firm performance and a positive and significant relationship between board independence and firm performance. Meanwhile, board meeting is found to have mix relationship with the firm performance. Furthermore, our result also shows CEO age and male CEO exhibit positive impact on firm performance.

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Gaining Strategic Intelligence Through the Firm's Market Value

Managing Strategic Intelligence ◽

10.4018/978-1-59904-243-5.ch009 ◽

2007 ◽

pp. 141-158

Author(s):

J. Nicolau

Keyword(s):

Firm Performance ◽

Hospitality Industry ◽

Stock Exchange ◽

Market Value ◽

Business Environment ◽

Empirical Application ◽

Strategic Intelligence ◽

Environmental Events ◽

The Impact ◽

A Company

This chapter uses the market value to assess the different factors and actors that influence the firm performance. The market value of a company, obtained from the stock exchange, can be used to both, detect and measure the impact of elements of the role, market, and far environment. The empirical application analyzes the hospitality industry that is currently facing an increasingly complex business environment: apart from the terms uncertainty, complexity, and dynamism that shape the environment, in this industry the concepts of munificence and illiberality are strongly applied. This procedure can aid in scanning-related activities, as the analysis shows that environmental events are recognized quite well.

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