文章基本信息

标题：Determinants of Restaurant Systematic Risk: A Reexamination
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作者：Gu, Zheng ; Kim, Hyunjoon
期刊名称：Journal of Hospitality Financial Management
出版年度：2002
卷号：10
期号：1
页码：2
出版社：University of Massachusetts - Amherst
摘要：This study reexamines determinants of the systematic risk or beta of restaurant firms based on the financial data of 75 U.S. restaurant firms from 1996 through 1999. Our weighted least-squares regression analysis found that restaurant systematic risk correlated negatively with assets turnover but positively with quick ratio. The findings suggest that high efficiency in generating sales revenue helps lower the systematic risk, while excess liquidity tends to increase the risk.