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- W2772044979 abstract "This article examines the effects of institutional holdings and state ownership on hotel firm performance in China by employing panel regression analysis. The results show that institutional holdings as a whole and domestic institutional holdings have different effects on the performance of Chinese hotel firms. There is an inverted U-shaped relationship between institutional holdings/domestic institutional holdings and hotel performance measured by Tobin’s Q, and an upright U-shaped relationship between domestic institutional holdings and return on assets/return on equity. However, the level of foreign institutional holdings was found to have no significant impact on hotel firm performance in China. Finally, state ownership has a negative impact on Tobin’s Q. Implications for the Chinese hotel industry are discussed." @default.
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- W2772044979 date "2017-12-07" @default.
- W2772044979 modified "2023-09-26" @default.
- W2772044979 title "The Effects of Institutional Holdings and State Ownership on Hotel Firm Performance in China" @default.
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- W2772044979 doi "https://doi.org/10.1080/19388160.2017.1410266" @default.
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