Short-Term Debt and Firm Performance in the US Restaurant Industry: The Moderating Role of Economic Conditions

2013 ◽  
Vol 19 (3) ◽  
pp. 565-581 ◽  
Author(s):  
Seoki Lee ◽  
Michael C. Dalbor
Keyword(s):  
Firm Performance ◽  
Restaurant Industry ◽  
Economic Conditions ◽  
Short Term ◽  
The Us ◽  
Moderating Role

CEO duality and firm performance in the U.S. restaurant industry: Moderating role of restaurant type

2013 ◽  
Vol 33 ◽  
pp. 339-346 ◽  
Author(s):  
Basak Denizci Guillet ◽  
Kwanglim Seo ◽  
Deniz Kucukusta ◽  
Seoki Lee
Keyword(s):  
Firm Performance ◽  
Restaurant Industry ◽  
Ceo Duality ◽  
Moderating Role ◽  
The U.S

The moderating effect of CEO duality on the relationship between geographic diversification and firm performance in the US lodging industry

2019 ◽  
Vol 31 (3) ◽  
pp. 1488-1504 ◽  
Author(s):  
Hyoung Ju Song ◽  
Kyung Ho Kang
Keyword(s):  
Firm Performance ◽  
Random Effects ◽  
Moderating Effect ◽  
Lodging Industry ◽  
Geographic Diversification ◽  
Ceo Duality ◽  
Content Type ◽  
The Us ◽  
Moderating Role

Purpose The purpose of this study is to investigate the moderating role of CEO duality on the geographic diversification–firm performance relationship in the US lodging industry. Design/methodology/approach To examine the individual effect of geographic diversification and the moderating effect of CEO duality, this study adopts random effects regression. Additionally, to appropriately address the endogeneity issue, this study uses random effects regression with the instrumental variable method. The sample period spans 1990-2015 and 258 firm-year observations are included. Findings This study finds that geographic diversification has a positive and significant effect on firm performance. Also, the result shows a positive and significant moderating role of CEO duality, which implies that the magnitude of the impact of geographic diversification on firm performance is significantly greater when CEO duality exists. Research limitations/implications Although it has a limitation of applying the results of this study to privately held lodging firms in other countries, US public lodging firms are encouraged to consider a corporate governance structure incorporating CEO duality to maximize the effect of geographic diversification on firm performance. Originality/value This study contributes to the hospitality literature by providing a unique dimension that the influence of geographic diversification is contingent on the adoption of CEO duality. And, the results of this study provide practical guidelines for the lodging firms’ implementation of geographic diversification.

CEO Turnover, Network Effects, and Firm Performance

2020 ◽  
Vol 10 (2) ◽  
pp. 54-72
Author(s):  
Yanan Sun ◽  
Peiqin Zhang ◽  
David Wierschem ◽  
Francis A Mendez Mediavilla
Keyword(s):  
Firm Performance ◽  
Network Effects ◽  
Generalized Method Of Moments ◽  
Market Performance ◽  
Ceo Turnover ◽  
Superior Performance ◽  
Short Term ◽  
Moderating Role

This article applies network and organizational theory to examine the effect of CEO turnover on firm accounting and market performance in both short-term and long-term. In addition, this research investigates the moderating role of network effects using cluster analysis. Using a system generalized method of moments (GMM) estimation of panel data obtained from Compustat and S&P's Execucomp database, this study finds that it is less likely to have superior performance in the long-term for firms with frequent CEO turnover. While it is more likely to have better accounting performance over the short-term, but less likely to have superior market performance. This study further validates the moderating role of network effects. This article contributes to the research by providing new insights of CEO turnover effects on firm performance and investigating the moderation effect of network structure. The findings also provide practical suggestions for firms that experience frequent changes of their CEOs.

The effect of inventory turnover on financial performance in the US restaurant industry: The moderating role of exposure to commodity price risk

2020 ◽  
pp. 135481662092386
Author(s):  
Eunhye (Olivia) Park ◽  
Woo-Hyuk Kim
Keyword(s):  
Financial Performance ◽  
Inventory Management ◽  
Commodity Price ◽  
Restaurant Industry ◽  
Price Risk ◽  
The Us ◽  
Inventory Turnover ◽  
The Relationship ◽  
Moderating Role

Despite the importance of efficiently managing inventory in the restaurant business, evidence of satisfactory inventory turnover in the restaurant industry remains limited. This study examined the relationship between inventory turnover and firm performance as well as the moderating role of exposure to commodity price risk therein. We collected data representing publicly traded US restaurant companies from the Mergent Online’s database for the period from 1999 to 2015. The results indicate there is a positive relationship between inventory turnover and corporate financial performance. Moreover, we found that the interaction effect of exposure to commodity price risk on the relationship between inventory turnover and firms’ profitability. To our knowledge, this is the first study empirically examining the adoption of inventory management by the restaurant industry. Also, these findings provide the importance of effective inventory management based on the specific type of restaurants.

Market orientation, innovation commercialization capability and firm performance relationships: the moderating role of supply chain influence

2017 ◽  
Vol 32 (7) ◽  
pp. 913-924 ◽  
Author(s):  
Jeen-Su Lim ◽  
William K. Darley ◽  
David Marion
Keyword(s):  
Supply Chain ◽  
Firm Performance ◽  
Market Orientation ◽  
Innovation Management ◽  
Strategy Formulation ◽  
Content Type ◽  
Positive Effects ◽  
The Impact ◽  
Moderating Role

Purpose The study aims to explore supply chain influence (SCI) on the linkages among market orientation, innovation capabilities and firm performance (FP), using the resource-based view as a theoretical backdrop. Design Survey data from 182 top managers who are involved in strategy formulation and innovative direction of their companies was collected and analyzed using moderated multiple regression analysis. Findings Results revealed a moderating role of the SCI in that the proactive market orientation (PMO) and FP relationship is stronger when SCI is high, and innovation commercialization capability (ICC) and FP relationship is stronger when SCI is low. Practical implications Firms pursuing high PMO strategy must collaborate with supply chain function to achieve the full effect of PMO. Additionally, as supply chain is critical to meeting customers’ needs, these firms should allow supply chain to exert greater influence to enjoy the positive effects of PMO in addition to ensuring full integration into marketing strategy implementation. Also, firms with high ICC need to limit SCI to maximize the benefit of ICC on FP, just as innovation management needs to be cognizant of other functional areas. Originality/value The study investigates the potential moderating role of SCI on the relationships among market orientation, ICC and FP. The study fills a gap in the understanding of the nature and role of supply chain in the marketing–supply chain interaction, and the impact on FP.

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