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An Examination Of U.S. Restaurant Firms' Internationalization In A Risk Context, Soyeon Jung
An Examination Of U.S. Restaurant Firms' Internationalization In A Risk Context, Soyeon Jung
UNLV Theses, Dissertations, Professional Papers, and Capstones
The purpose of this dissertation is to advance the theoretical and practical understanding
of the relationship between publicly traded U.S. restaurant firms’ internationalization as a
corporate strategy and risks using a comprehensive set of risk measures: 1) market-based risk (i.e., systematic and unsystematic risk) and 2) accounting-based risk (i.e., standard deviation of return on assets (ROA), return on equity (ROE), and earnings per share (EPS) during the period of 2000-2013. This dissertation further investigates linear, nonlinear, and lagged effects of internationalization on restaurant firms’ risks. In summary, the findings of this dissertation reveal that internationalization tends to mitigate systematic risk, …