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Articles 391 - 392 of 392
Full-Text Articles in Entire DC Network
An Examination Of Restaurant Failure Rates In The United States, Steve Morse
An Examination Of Restaurant Failure Rates In The United States, Steve Morse
Journal of Hospitality Financial Management
In the hospitality sector of the economy, restaurants account for the largest number of businesses. The financial failure rate of businesses in the general economy are sometimes reported with variations in the business cycle, but the specific failure rate of restaurant establishments has not been examined. In addition, failure rates for hospitality related businesses reported across geographic regions of the U.S. are not known. A review of related literature suggests that studies with a focus on the failure rate of hospitality related businesses have not used official business bankruptcy data recorded by the U.S. Bankruptcy Court System. Using these data, …
State Referendums On Casino Gaming: The Effects On The Valuation Of Casino And Gaming Stock, Stanley M. Atkinson, Anthony K. Byrd, Stephen M. Lebruto
State Referendums On Casino Gaming: The Effects On The Valuation Of Casino And Gaming Stock, Stanley M. Atkinson, Anthony K. Byrd, Stephen M. Lebruto
Journal of Hospitality Financial Management
The purpose of this study is to determine whether the expansion of the casino gaming industry has had an effect on the growth of individual companies within this segment of the hospitality industry. We examine ten individual state referendums and the Indian Gaming Regulatory Act of 1988. Six state referendums and the IGRA were passed. Four state referendums failed. Our sample consists of 24 publicly traded casino gaming firms. Daily stock price data were collected and examined to determine the effects of the successful and failed referendums. The results are mixed. On average, successful passage of state gaming referendums had …