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The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry

This study suggests two new diversification strategies, i.e., tourism-related and tourism-unrelated diversifications which are specifically applicable to the hotel firms. This study aims to investigate which diversification strategy has better benefits toward firm performance. This study includes...

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Main Author: Mat Som, Prof. Dr. Ahmad Puad
Format: Book Section
Language:English
English
Published: Emerald Publishing Limited 2018
Subjects:
HD61 Risk Management
Online Access:http://eprints.unisza.edu.my/3758/1/FH05-FSSG-18-15083.pdf
http://eprints.unisza.edu.my/3758/2/FH05-FSSG-18-15082.pdf
http://eprints.unisza.edu.my/3758/
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id my-unisza-ir.3758
record_format eprints
spelling my-unisza-ir.37582022-01-10T03:38:06Z http://eprints.unisza.edu.my/3758/ The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry Mat Som, Prof. Dr. Ahmad Puad HD61 Risk Management This study suggests two new diversification strategies, i.e., tourism-related and tourism-unrelated diversifications which are specifically applicable to the hotel firms. This study aims to investigate which diversification strategy has better benefits toward firm performance. This study includes a complete set of public listed firms of the hotel industry from four Asian countries, namely, Hong Kong, Singapore, China, and Malaysia, covering from years 2001 to 2012. Revealing the advantage and disadvantage of both diversification strategies, the empirical evidence regarding its influences on hotel firm performance are investigated in this study. This study finds a nonlinear relationship between degree of diversification and firm performance. Confronting with the volatile earnings when crises strike tourism sector, this study further shows how the crises affect the relationship between tourism-related/unrelated diversification strategy and hotel firm performance. Emerald Publishing Limited 2018 Book Section NonPeerReviewed text en http://eprints.unisza.edu.my/3758/1/FH05-FSSG-18-15083.pdf text en http://eprints.unisza.edu.my/3758/2/FH05-FSSG-18-15082.pdf Mat Som, Prof. Dr. Ahmad Puad (2018) The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry. In: Advances in Pacific Basin Business, Economics and Finance. Emerald Publishing Limited, pp. 105-123. ISBN 978-1-78756-446-6
institution Universiti Sultan Zainal Abidin
building UNISZA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sultan Zainal Abidin
content_source UNISZA Institutional Repository
url_provider https://eprints.unisza.edu.my/
language English
English
topic HD61 Risk Management
spellingShingle HD61 Risk Management
Mat Som, Prof. Dr. Ahmad Puad
The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
description This study suggests two new diversification strategies, i.e., tourism-related and tourism-unrelated diversifications which are specifically applicable to the hotel firms. This study aims to investigate which diversification strategy has better benefits toward firm performance. This study includes a complete set of public listed firms of the hotel industry from four Asian countries, namely, Hong Kong, Singapore, China, and Malaysia, covering from years 2001 to 2012. Revealing the advantage and disadvantage of both diversification strategies, the empirical evidence regarding its influences on hotel firm performance are investigated in this study. This study finds a nonlinear relationship between degree of diversification and firm performance. Confronting with the volatile earnings when crises strike tourism sector, this study further shows how the crises affect the relationship between tourism-related/unrelated diversification strategy and hotel firm performance.
format Book Section
author Mat Som, Prof. Dr. Ahmad Puad
author_facet Mat Som, Prof. Dr. Ahmad Puad
author_sort Mat Som, Prof. Dr. Ahmad Puad
title The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
title_short The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
title_full The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
title_fullStr The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
title_full_unstemmed The Choice of Industrial Diversification Strategy for Public Listed Firms in the Hotel Industry
title_sort choice of industrial diversification strategy for public listed firms in the hotel industry
publisher Emerald Publishing Limited
publishDate 2018
url http://eprints.unisza.edu.my/3758/1/FH05-FSSG-18-15083.pdf
http://eprints.unisza.edu.my/3758/2/FH05-FSSG-18-15082.pdf
http://eprints.unisza.edu.my/3758/
_version_ 1724079289590087680
score 13.211869

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