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- W2034134047 abstract "Abstract The economics literature has long focused on the relationship between macroeconomic variables and stock market returns. No such research has examined similar relationships with hospitality stocks. This article investigates how selected macroeconomic variables influence restaurant and hotel stock returns over a twenty-seven year period employing a regression analysis. The results suggest the direction of macroeconomic forces is consistent across the industrial, lodging and restaurant sectors although differences in significance do occur. Over the period studied, macroeconomic variables are able to explain the movement of restaurant stock returns to a greater extent than either the lodging or industrial sectors." @default.
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- W2034134047 title "Use of macroeconomic variables to evaluate selected hospitality stock returns in the U.S." @default.
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- W2034134047 doi "https://doi.org/10.1016/0278-4319(94)90033-7" @default.
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