Factors Affecting Systematic Risk in the US Restaurant Industry

Factors Affecting Systematic Risk in the US Restaurant Industry

This study examines the effects of the financial ratios on systematic risk in the restaurant industry. The effects of those determinants on risk were also compared between the quick-service and full-service segments. The study used 58 publicly traded restaurant firms listed in COMPUSTAT within the c...

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Veröffentlicht in:Tourism economics : the business and finance of tourism and recreation 2007-06, Vol.13 (2), p.197-208
Hauptverfasser: Kim, Woo Gon, Ryan, Bill, Ceschini, Silvio
Format: Artikel
Sprache:eng
Schlagworte:
Comparative analysis
Financial analysis
Financial ratios
Hospitality
Liquidity
Profitability
Restaurants
Risk
Service industry
Studies
Systems analysis
U.S.A
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Beschreibung
Zusammenfassung:This study examines the effects of the financial ratios on systematic risk in the restaurant industry. The effects of those determinants on risk were also compared between the quick-service and full-service segments. The study used 58 publicly traded restaurant firms listed in COMPUSTAT within the category of eating and drinking places (SIC code 5812). To explain systematic risk, six financial variables were included in the study: profitability, leverage, efficiency, liquidity, growth and firm size. The most significant financial variables that affect systematic risk were profitability (return on investment), leverage and liquidity.
ISSN:1354-8166
2044-0375
DOI:10.5367/000000007780823131