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Title: The effect of environment risk, corporate strategy, and capital structure on firm performance : an empirical investigation of restaurant firms
Authors: Chathoth, P
Olsen, M
Keywords: Environment risk
Corporate strategy
Capital structure
Firm performance
Cash flow
Issue Date: 2007
Publisher: Pergamon Press
Source: International journal of hospitality management, 2007, v. 26, no. 3, p. 502-516 How to cite?
Journal: International journal of hospitality management 
Abstract: The co-alignment process has been used in hospitality strategy as a framework to explain strategic orientation of firms. In this study, using a sample from the US restaurant industry, the authors test the simultaneous impact of surrogates from constructs identified as part of the co-alignment model, i.e. environment, strategy, and structure, on firm performance. Results indicate that a significant variance in firm performance is explained by the variables from the foregoing constructs of the co-alignment model. The robustness of this study provides restaurant firms' managers a basis to evaluate their firms' strategic orientation vis-à-vis its impact on firm performance.
ISSN: 0278-4319
EISSN: 1873-4693
DOI: 10.1016/j.ijhm.2006.03.007
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