TY - JOUR
T1 - An analysis of the major equity valuation models as applied to the lodging industry
AU - Upneja, Arun
AU - Lee, Seoki
N1 - Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 2005
Y1 - 2005
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.
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U2 - 10.1080/10913211.2005.10653806
DO - 10.1080/10913211.2005.10653806
M3 - Article
AN - SCOPUS:85032778959
VL - 13
SP - 124
JO - Journal of Hospitality Financial Management
JF - Journal of Hospitality Financial Management
SN - 1091-3211
IS - 1
ER -