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  • The effect of environment risk, corporate strategy, and capital structure on firm performance: An empirical investigation of restaurant firms

    Author(s)
    K. Chathoth, Prakash
    D. Olsen, Michael
    Griffith University Author(s)
    Chathoth, Prakash
    Year published
    2007
    Metadata
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    Abstract
    The co-alignment process has been used in hospitality strategy as a framework to explain strategic orientation of firms. In this study, using a sample from the US restaurant industry, the authors test the simultaneous impact of surrogates from constructs identified as part of the co-alignment model, i.e. environment, strategy, and structure, on firm performance. Results indicate that a significant variance in firm performance is explained by the variables from the foregoing constructs of the co-alignment model. The robustness of this study provides restaurant firms' managers a basis to evaluate their firms' strategic orientation ...
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    The co-alignment process has been used in hospitality strategy as a framework to explain strategic orientation of firms. In this study, using a sample from the US restaurant industry, the authors test the simultaneous impact of surrogates from constructs identified as part of the co-alignment model, i.e. environment, strategy, and structure, on firm performance. Results indicate that a significant variance in firm performance is explained by the variables from the foregoing constructs of the co-alignment model. The robustness of this study provides restaurant firms' managers a basis to evaluate their firms' strategic orientation vis-୶is its impact on firm performance.
    View less >
    Journal Title
    International Journal of Hospitality Management
    Volume
    26
    Issue
    3
    DOI
    https://doi.org/10.1016/j.ijhm.2006.03.007
    Subject
    Hospitality Management
    Commercial Services
    Marketing
    Tourism
    Publication URI
    http://hdl.handle.net/10072/58147
    Collection
    • Journal articles

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