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An Examination of Financial Leverage Trends in the Lodging Industry
| Content Provider | Scilit |
|---|---|
| Author | Lee, Seoki |
| Copyright Year | 2007 |
| Description | Journal: The Journal of Hospitality Financial Management This study examines financial leverage trends of firms in the U.S. lodging industry for the period 1980 to 2005. It compares mean and median leverage ratio estimates of lodging firms to find which works better as an industry norm during the entire sample period, as well as during economic expansion and recession periods. Research results suggest that the industry median leverage ratio is more valid than the mean industry ratio as a proxy for the lodging industry. Results also suggest that the industry median leverage ratio is valid during the recession periods, but not during the expansion periods. |
| Related Links | http://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1158&context=jhfm |
| Ending Page | 45 |
| Page Count | 11 |
| Starting Page | 35 |
| ISSN | 10913211 |
| e-ISSN | 21522790 |
| DOI | 10.1080/10913211.2007.10653828 |
| Journal | The Journal of Hospitality Financial Management |
| Issue Number | 1 |
| Volume Number | 15 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2007-03-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: The Journal of Hospitality Financial Management Tourism, Leisure, Sport and Hospitality Lodging Industry Financial Leverage Trends Examination of Financial Leverage Ratio Median Leverage Recession Periods Industry Median |
| Content Type | Text |
| Subject | Finance Tourism, Leisure and Hospitality Management Strategy and Management |
