Corporate Diversification and Firm Performance: Evidence from Asian Hotel Industry

Ooi, Chai Aun and Hooy, Chee Wooi and Mat Som, Ahmad Puad (2014) Corporate Diversification and Firm Performance: Evidence from Asian Hotel Industry. SHS Web of Conferences, 12 (01084). pp. 1-7. ISSN 2261-2424

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The unstable environment of hotel industry which is driven by the fluctuation of tourism demand has motivated this study to look into the best diversification strategy for firm performance betterment. 42 hotel firms are investigated across 4 Asian economies, from year 2001 to 2012. Our results suggest that unrelated industrial diversification is the only alternative to improve hotel firm performance. Unrelated international diversification instead has a significant negative effect towards firm performance. Our results further show that board of directors implies a significant link to the relationship between diversification and firm performance, only in a crisis period.

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28-70 Management. Industrial Management
T Technology > TH Building construction > TH1-9745 Building construction
Divisions: Pusat Pengajian Pengurusan (School of Management) > Article
Pusat Pengajian Perumahan, Bangunan & Perancangan (School of Housing, Building & Planning) > Article
Depositing User: Mr Noorazilan Noordin
Date Deposited: 24 Jan 2018 08:02
Last Modified: 24 Jan 2018 08:02

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