Abstract
Very few academic studies have systematically attempted to evaluate equity valuation models in the lodging industry. Most academic papers in the mainstream finance and accounting literature either exclude hospitality firms or do not examine them in detail. For example, it is very common to find academic papers that exclude all service sector firms. The lodging sector has many characteristics that differentiate it from other economic sectors. For example, lodging is very capital intensive, however, the performance is heavily dependent upon the quality of the service interaction with the customers. Therefore, we cannot directly conclude that the results of research that has excluded lodging firms can be extended to lodging firms.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 124 |
| Number of pages | 1 |
| Journal | Journal of Hospitality Financial Management |
| Volume | 13 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jan 1 2005 |
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All Science Journal Classification (ASJC) codes
- Finance
- Tourism, Leisure and Hospitality Management
- Strategy and Management
Cite this
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An analysis of the major equity valuation models as applied to the lodging industry. / Upneja, Arun; Lee, Seoki.
In: Journal of Hospitality Financial Management, Vol. 13, No. 1, 01.01.2005, p. 124.Research output: Contribution to journal › Article
TY - JOUR
T1 - An analysis of the major equity valuation models as applied to the lodging industry
AU - Upneja, Arun
AU - Lee, Seoki
PY - 2005/1/1
Y1 - 2005/1/1
N2 - Very few academic studies have systematically attempted to evaluate equity valuation models in the lodging industry. Most academic papers in the mainstream finance and accounting literature either exclude hospitality firms or do not examine them in detail. For example, it is very common to find academic papers that exclude all service sector firms. The lodging sector has many characteristics that differentiate it from other economic sectors. For example, lodging is very capital intensive, however, the performance is heavily dependent upon the quality of the service interaction with the customers. Therefore, we cannot directly conclude that the results of research that has excluded lodging firms can be extended to lodging firms.
AB - Very few academic studies have systematically attempted to evaluate equity valuation models in the lodging industry. Most academic papers in the mainstream finance and accounting literature either exclude hospitality firms or do not examine them in detail. For example, it is very common to find academic papers that exclude all service sector firms. The lodging sector has many characteristics that differentiate it from other economic sectors. For example, lodging is very capital intensive, however, the performance is heavily dependent upon the quality of the service interaction with the customers. Therefore, we cannot directly conclude that the results of research that has excluded lodging firms can be extended to lodging firms.
UR - http://www.scopus.com/inward/record.url?scp=85032778959&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85032778959&partnerID=8YFLogxK
U2 - 10.1080/10913211.2005.10653806
DO - 10.1080/10913211.2005.10653806
M3 - Article
VL - 13
SP - 124
JO - Journal of Hospitality Financial Management
JF - Journal of Hospitality Financial Management
SN - 1091-3211
IS - 1
ER -