Internationalization and accounting-based risk in the restaurant industry

Jung, Soyeon; Repetti, Toni; Chatfield, Hyun Kyung; Dalbor, Michael C.; Chatfield, Robert E.

doi:10.1016/j.jhtm.2019.11.001

Cited by 8 publications

(5 citation statements)

References 52 publications

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“…Furthermore, the results show that the indebtedness of restaurants does not affect their profitability, aligning with the findings of Jung et al (2019). In the context of the COVID-19 crisis, this may be partly explained by government support measures for businesses, which included debt restructurings and deferments.…”

Section: Discussionsupporting

confidence: 82%

Impact of Digitalization of Sales on the Profitability of the Restaurant Industry during COVID-19

González Morales,

Cavero Rubio

2023

Economies

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The COVID-19 pandemic had a severe impact on the restaurant industry. Temporary shutdowns and seating capacity restrictions led to a sharp drop in sales. In this scenario, digitalization emerged as a crucial strategy for business survival, offering opportunities to increase restaurants’ competitiveness and revenues. This study examines the financial profitability of restaurants during 2020, comparing establishments with digital sales tools to those without. Multiple linear regression results indicate that liquidity, sales growth, restaurant size, and having a website directly influenced profitability. In addition, restaurants with their own online ordering and home delivery services or associated with delivery platforms experienced lower profitability losses. These findings contribute to our understanding of the role of digitalization in the restaurant sector during the pandemic, providing valuable practical and theoretical implications for the industry in similar contexts.

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Section: Discussionsupporting

confidence: 82%

Impact of Digitalization of Sales on the Profitability of the Restaurant Industry during COVID-19

González Morales,

Cavero Rubio

2023

Economies

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“…On the other hand, the idiosyncratic risk is inherent in the company's operations and its management expertise. The overall risk of an investment is commonly measured by the standard deviation of its return [40][41][42]. In accordance with previous research [43][44][45], we use the standard deviation of monthly stock returns over a one-year period as global risk proxy (RISK) formulated as follows.…”

Section: Variables Descriptionmentioning

confidence: 99%

Board Gender Diversity and Firm Risk

Achour¹

2022

Corporate Governance - Recent Advances and Perspectives

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In this chapter, we address the following question: Does board gender diversity affect global risk? Drawing on agency theory, upper echelon theory, and human capital theory, we hypothesize that gender diversity on the board of directors will decrease the volatility of firm risk. Applying fixed effect estimation on a panel data of listed French companies (SBF120) for the years 2011–2018, the results show a negative link between the percentage of female directors on the board and the standard deviation of monthly stock return as firm risk proxy suggesting that the inclusion of more women on corporate boards could improve financial stability. Our findings contribute to the literature by providing empirical evidence from France occupying the first place at the European level with the most female presence on the boards of directors.1

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“…Internationalization is risky, yet it can be a source of competitive advantage for firms. It offers more diversified portfolios to the shareholders, enhances firm performance and provides significant benefits in the long run (Jung et al , 2019). In addition, firms that implement internationalization can enhance competitive positioning by using operational flexibility and additional resources from international markets (Thomas and Eden, 2004).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The synergistic impact between internationalization and supply-and-demand interaction on firm performance: a study of environmental responsibility in social networking service

Kim

Seo

2021

IJCHM

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Purpose This study aims to investigate the relationship between environmental activities and consumer engagement on firm performance according to supply-and-demand perceptions, and further examines the moderating role of internationalization to demonstrate the effects of environmental activities more comprehensively. Design/methodology/approach Three panel regression models have been used. In total, 510 environmental activities and consumers’ negative engagement collected from the official Facebook brand page are analyzed to examine the study’s models for a period of 13-years (2008–2020). The findings persist when this study compares the estimates resulted from different econometrics methods. Findings The study’s results indicate an insignificant effect of environmental activities and consumer engagement on firm performance, respectively, while the interaction effect on firm performance is significant and negative. However, when internationalization plays the moderating role, this study provides new evidence that such negativity impact is no longer effective in the lodging industry as firms expand internationally. Practical implications This study offers strategic insights to managers who are concerned about the detrimental effect of negative consumer engagement that the firm-consumer relationship mitigates the negativity bias in negative engagement. Hotels should actively implement internationalization as a key strategy while practicing environmental activities with integrity. Originality/value Despite the importance of green management in the social networking service context, little is known about its effect and value on firm performance. This study provides new evidence for the real effectiveness of internationalization by demonstrating its role in the lodging industry.

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Internationalization and accounting-based risk in the restaurant industry

Cited by 8 publications

References 52 publications

Impact of Digitalization of Sales on the Profitability of the Restaurant Industry during COVID-19

Impact of Digitalization of Sales on the Profitability of the Restaurant Industry during COVID-19

Board Gender Diversity and Firm Risk

The synergistic impact between internationalization and supply-and-demand interaction on firm performance: a study of environmental responsibility in social networking service

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