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Institutional Investor Preference For lodging Stocks
| Content Provider | Scilit |
|---|---|
| Author | Dalbor, Michael C. |
| Copyright Year | 2006 |
| Description | Journal: The Journal of Hospitality Financial Management Although previous studies showed evidence of increasing institutional investors in the lodging industry (Corgel & DeRoos 1994, 2003; Leung & Lee, 2005; Ciochett et al., 2002), no empirical study has reported the determinant of institution's preference for lodging stocks. Since institutions act as agents for other investors, their investment patterns may be different from individual investors. In the case of litigation, the court accepts an institution's prudent investment based on the characteristics of assets in isolation. Thus, institutions will prefer lodging stocks with high liquidity, low book-to-market ratios, low long-term debt ratios, and high short-term debt. |
| Related Links | https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1143&context=jhfm |
| Ending Page | 82 |
| Page Count | 1 |
| Starting Page | 82 |
| ISSN | 10913211 |
| e-ISSN | 21522790 |
| DOI | 10.1080/10913211.2006.10653819 |
| Journal | The Journal of Hospitality Financial Management |
| Issue Number | 1 |
| Volume Number | 14 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2006-09-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: The Journal of Hospitality Financial Management Tourism, Leisure, Sport and Hospitality Preference for Lodging Prefer Lodging Stocks Institutions Institutional Investors |
| Content Type | Text |
| Subject | Finance Tourism, Leisure and Hospitality Management Strategy and Management |