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Title: Does corporate growth really matter in the restaurant industry?
Authors: Chathoth, PK
Olsen , MD
Keywords: Corporate strategies
Firm performance
Free cash flow per share
Return on equity
Restaurant industry
Issue Date: 2007
Publisher: Pergamon Press
Source: International journal of hospitality management, 2007, v. 26, no. 1, p. 66-80 How to cite?
Journal: International journal of hospitality management 
Abstract: In this study, the authors hypothesize that growth strategies are not necessarily always performance-enhancing strategies that are sustainable. This is contrary to what industry managers tend to believe to be the outcome of growth strategies. Based on past research, a second hypothesis is developed that corporate liquidity impacts performance in a more positive way than growth strategies, and therefore, should be considered in the decision-making framework of firms before they launch into new products and/or markets. The interrelationship between corporate growth and liquidity is also tested, which further highlights the importance of pursuing corporate liquidity.
ISSN: 0278-4319
DOI: 10.1016/j.ijhm.2005.09.004
Appears in Collections:Journal/Magazine Article

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