Matches in SemOpenAlex for { <https://semopenalex.org/work/W2735542880> ?p ?o ?g. }
- W2735542880 endingPage "26" @default.
- W2735542880 startingPage "17" @default.
- W2735542880 abstract "This study aimed to examine whether an optimal investment level exists in hotel firms. The authors examined the quadratic relation between investments and hotel firm value. The results show that there is an optimal investment level that maximizes firm value. However, the optimal investment level varies across firms on the basis of the quality of investment opportunities or under- and overinvestment problems. The optimal investment level is higher for hotel firms with underinvestment problems, which suggests that these firms have valuable investment opportunities. However, the optimal investment level is lower for hotel firms with overinvestment problems, which implies that shareholders of these firms perceive additional investments to be value destroying. These results support the postulations of the Q theory of investment, pecking order theory, and free cash flow theory. Practical implications are discussed in the realm of financing, investment, and dividend policies." @default.
- W2735542880 created "2017-07-21" @default.
- W2735542880 creator A5026820627 @default.
- W2735542880 creator A5091432489 @default.
- W2735542880 date "2017-01-02" @default.
- W2735542880 modified "2023-09-27" @default.
- W2735542880 title "Investment and Firm Value: Is There an Optimal Investment Level in Hotel Firms?" @default.
- W2735542880 cites W107591370 @default.
- W2735542880 cites W1541212202 @default.
- W2735542880 cites W1978282661 @default.
- W2735542880 cites W1994953765 @default.
- W2735542880 cites W2000578291 @default.
- W2735542880 cites W2061758058 @default.
- W2735542880 cites W2068453387 @default.
- W2735542880 cites W2085906854 @default.
- W2735542880 cites W2124507497 @default.
- W2735542880 cites W2128819303 @default.
- W2735542880 cites W2149088624 @default.
- W2735542880 cites W2165256208 @default.
- W2735542880 cites W2554732575 @default.
- W2735542880 cites W2732962676 @default.
- W2735542880 cites W3121239293 @default.
- W2735542880 cites W3122985682 @default.
- W2735542880 cites W3124012175 @default.
- W2735542880 cites W3124114405 @default.
- W2735542880 cites W3124242212 @default.
- W2735542880 cites W3124441687 @default.
- W2735542880 cites W3125068442 @default.
- W2735542880 cites W3125140669 @default.
- W2735542880 cites W4211116874 @default.
- W2735542880 cites W4233420185 @default.
- W2735542880 doi "https://doi.org/10.1080/10913211.2017.1314123" @default.
- W2735542880 hasPublicationYear "2017" @default.
- W2735542880 type Work @default.
- W2735542880 sameAs 2735542880 @default.
- W2735542880 citedByCount "2" @default.
- W2735542880 countsByYear W27355428802018 @default.
- W2735542880 countsByYear W27355428802019 @default.
- W2735542880 crossrefType "journal-article" @default.
- W2735542880 hasAuthorship W2735542880A5026820627 @default.
- W2735542880 hasAuthorship W2735542880A5091432489 @default.
- W2735542880 hasBestOaLocation W27355428802 @default.
- W2735542880 hasConcept C10138342 @default.
- W2735542880 hasConcept C103144560 @default.
- W2735542880 hasConcept C116168712 @default.
- W2735542880 hasConcept C119857082 @default.
- W2735542880 hasConcept C137577040 @default.
- W2735542880 hasConcept C144133560 @default.
- W2735542880 hasConcept C162324750 @default.
- W2735542880 hasConcept C163428354 @default.
- W2735542880 hasConcept C169549615 @default.
- W2735542880 hasConcept C175444787 @default.
- W2735542880 hasConcept C17744445 @default.
- W2735542880 hasConcept C181308471 @default.
- W2735542880 hasConcept C181622380 @default.
- W2735542880 hasConcept C199539241 @default.
- W2735542880 hasConcept C27548731 @default.
- W2735542880 hasConcept C2776291640 @default.
- W2735542880 hasConcept C41008148 @default.
- W2735542880 hasConcept C44750222 @default.
- W2735542880 hasConcept C47702881 @default.
- W2735542880 hasConcept C63545947 @default.
- W2735542880 hasConcept C84148228 @default.
- W2735542880 hasConcept C94625758 @default.
- W2735542880 hasConceptScore W2735542880C10138342 @default.
- W2735542880 hasConceptScore W2735542880C103144560 @default.
- W2735542880 hasConceptScore W2735542880C116168712 @default.
- W2735542880 hasConceptScore W2735542880C119857082 @default.
- W2735542880 hasConceptScore W2735542880C137577040 @default.
- W2735542880 hasConceptScore W2735542880C144133560 @default.
- W2735542880 hasConceptScore W2735542880C162324750 @default.
- W2735542880 hasConceptScore W2735542880C163428354 @default.
- W2735542880 hasConceptScore W2735542880C169549615 @default.
- W2735542880 hasConceptScore W2735542880C175444787 @default.
- W2735542880 hasConceptScore W2735542880C17744445 @default.
- W2735542880 hasConceptScore W2735542880C181308471 @default.
- W2735542880 hasConceptScore W2735542880C181622380 @default.
- W2735542880 hasConceptScore W2735542880C199539241 @default.
- W2735542880 hasConceptScore W2735542880C27548731 @default.
- W2735542880 hasConceptScore W2735542880C2776291640 @default.
- W2735542880 hasConceptScore W2735542880C41008148 @default.
- W2735542880 hasConceptScore W2735542880C44750222 @default.
- W2735542880 hasConceptScore W2735542880C47702881 @default.
- W2735542880 hasConceptScore W2735542880C63545947 @default.
- W2735542880 hasConceptScore W2735542880C84148228 @default.
- W2735542880 hasConceptScore W2735542880C94625758 @default.
- W2735542880 hasIssue "1" @default.
- W2735542880 hasLocation W27355428801 @default.
- W2735542880 hasLocation W27355428802 @default.
- W2735542880 hasOpenAccess W2735542880 @default.
- W2735542880 hasPrimaryLocation W27355428801 @default.
- W2735542880 hasRelatedWork W2063570054 @default.
- W2735542880 hasRelatedWork W2342994435 @default.
- W2735542880 hasRelatedWork W2360392771 @default.
- W2735542880 hasRelatedWork W2369516547 @default.
- W2735542880 hasRelatedWork W2387837513 @default.
- W2735542880 hasRelatedWork W2389197620 @default.
- W2735542880 hasRelatedWork W2434014625 @default.