An examination of capital structure in the restaurant industry
Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial "pecking-order" as well as the position of the firm in the financial growth cycle. Using ratios from publicly-traded restaurant firms in the USA and ordinary least squ...
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| Published in | International journal of contemporary hospitality management Vol. 13; no. 2; pp. 54 - 59 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Bradford
MCB UP Ltd
01.04.2001
Emerald Group Publishing Limited |
| Subjects | |
| Online Access | Get full text |
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| Abstract | Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial "pecking-order" as well as the position of the firm in the financial growth cycle. Using ratios from publicly-traded restaurant firms in the USA and ordinary least squares regression models, the results tend to support the notion that both the pecking-order and the financial growth cycle influence financing decisions. However, the results also indicate that there may be separate factors affecting long-term and short-term debt decisions made by restaurant managers. |
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| AbstractList | Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial “pecking‐order” as well as the position of the firm in the financial growth cycle. Using ratios from publicly‐traded restaurant firms in the USA and ordinary least squares regression models, the results tend to support the notion that both the pecking‐order and the financial growth cycle influence financing decisions. However, the results also indicate that there may be separate factors affecting long‐term and short‐term debt decisions made by restaurant managers. The capital structure decisions of restaurant firms are examined. These decisions are based upon a financial pecking-order as well as the position of the firm in the financial growth cycle. Using ratios from publicly-traded restaurant firms in the US and ordinary least squares regression models, the results tend to support the notion that both the pecking-order and the financial growth cycle influence financing decisions. However, the results also indicate that there may be separate factors affecting debt decisions made by restaurant managers. Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial peckingorder as well as the position of the firm in the financial growth cycle. Using ratios from publiclytraded restaurant firms in the USA and ordinary least squares regression models, the results tend to support the notion that both the peckingorder and the financial growth cycle influence financing decisions. However, the results also indicate that there may be separate factors affecting longterm and shortterm debt decisions made by restaurant managers. |
| Author | Dalbor, Michael C Upneja, Arun |
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| Snippet | Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial "pecking-order" as well as the... Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial peckingorder as well as the position... Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial “pecking‐order” as well as the... The capital structure decisions of restaurant firms are examined. These decisions are based upon a financial pecking-order as well as the position of the firm... Examines the capital structure decisions of restaurant firms. Hypothesizes that these decisions are based upon a financial 'pecking-order' as well as the... |
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| SubjectTerms | Age Asymmetry Bankruptcy Capital structure Cash flow Cognition & reasoning Costs Current liabilities Debt Decision making Equity financing Financial performance Financing Hospitality industry Hotels & motels Hypotheses Long term debt Profitability Profits Ratios Restaurants Retained earnings Startups Stockholders Studies |
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| Title | An examination of capital structure in the restaurant industry |
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