A synergy effect of internationalization and firm size on performance US hotel industry

被引：40

作者：

Lee, Seoki ^{[1
]}

Upneja, Arun ^{[2
]}

Ozdemir, Ozgur ^{[3
]}

Sun, Kyung-A ^{[4
]}

机构：

[1] Penn State Univ, Sch Hospitality Management, University Pk, PA 16802 USA

[2] Boston Univ, Sch Hospitality Adm, Boston, MA 02215 USA

[3] Ozyegin Univ, Dept Hotel Adm, Sch Appl Sci, Istanbul, Turkey

[4] Penn State Univ, University Pk, PA 16802 USA

来源：

INTERNATIONAL JOURNAL OF CONTEMPORARY HOSPITALITY MANAGEMENT | 2014年 / 26卷 / 01期

关键词：

Business performance; Business expansion scheme; Hotels; United States of America; MARKET ENTRY; TOBIN-Q; DIVERSIFICATION; EXPANSION; MULTINATIONALITY; DIVERSITY; PRODUCT; GROWTH; WEALTH;

D O I：

10.1108/IJCHM-09-2012-0173

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Purpose - The purpose of the current study is to investigate the existence of a negative synergy effect of internationalization and firm size on firm performance for publicly traded US hotels. Design/methodology/approach - The study performs the two-way fixed-effects model to investigate the proposed negative synergy effect. Findings - The findings do not support the proposed negative synergy effect, but support the positive synergy effect of internationalization and firm size on performance. Originality/value - This study examines the hypothesis developed based on the agency cost theory using the hotel industry's unique monitoring cost argument. However, findings support the opposite, implicitly suggesting that the hotel's monitoring cost in the international franchising context may not be severe as some expect.

引用

页码：35 / 49

页数：15

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