{"id":"https://openalex.org/W2063373883","doi":"https://doi.org/10.1002/jtr.828","title":"An examination of US hotel firms' risk features and their determinants of systematic risk","display_name":"An examination of US hotel firms' risk features and their determinants of systematic risk","publication_year":2010,"publication_date":"2010-12-19","ids":{"openalex":"https://openalex.org/W2063373883","doi":"https://doi.org/10.1002/jtr.828","mag":"2063373883"},"language":"en","primary_location":{"id":"doi:10.1002/jtr.828","doi":"https://doi.org/10.1002/jtr.828","is_oa":false,"landing_page_url":"https://doi.org/10.1002/jtr.828","pdf_url":null,"source":{"id":"https://openalex.org/S172501620","display_name":"International Journal of Tourism Research","issn_l":"1099-2340","issn":["1099-2340","1522-1970"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Tourism Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100706963","display_name":"Hyunjoon Kim","orcid":"https://orcid.org/0000-0002-9978-2676","observed_orcids":["https://orcid.org/0000-0002-9978-2676"]},"institutions":[{"id":"https://openalex.org/I51226738","display_name":"Dong-A University","ror":"https://ror.org/03qvtpc38","country_code":"KR","type":"education","lineage":["https://openalex.org/I51226738"]}],"countries":["KR"],"is_corresponding":true,"raw_author_name":"Hyunjoon Kim","raw_affiliation_strings":["Department of Tourism Management, Dong-A University, Busan, Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Tourism Management, Dong-A University, Busan, Korea","institution_ids":["https://openalex.org/I51226738"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100384061","display_name":"Jiyoung Kim","orcid":"https://orcid.org/0000-0002-4539-546X","observed_orcids":["https://orcid.org/0000-0002-4539-546X"]},"institutions":[{"id":"https://openalex.org/I51226738","display_name":"Dong-A University","ror":"https://ror.org/03qvtpc38","country_code":"KR","type":"education","lineage":["https://openalex.org/I51226738"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Jiyoung Kim","raw_affiliation_strings":["Department of Tourism Management, Dong-A University, Busan, Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Tourism Management, Dong-A University, Busan, Korea","institution_ids":["https://openalex.org/I51226738"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5101063721","display_name":"Zheng Hua Gu","orcid":"https://orcid.org/0000-0002-0633-9019","observed_orcids":["https://orcid.org/0000-0002-0633-9019","https://orcid.org/0000-0001-5874-190X","https://orcid.org/0009-0007-1704-9539"]},"institutions":[{"id":"https://openalex.org/I133999245","display_name":"University of Nevada, Las Vegas","ror":"https://ror.org/0406gha72","country_code":"US","type":"education","lineage":["https://openalex.org/I133999245"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Zheng Gu","raw_affiliation_strings":["College of Hotel Administration, University of Nevada, Las Vegas, Las Vegas, Nevada, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Hotel Administration, University of Nevada, Las Vegas, Las Vegas, Nevada, USA","institution_ids":["https://openalex.org/I133999245"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5100706963"],"corresponding_institution_ids":["https://openalex.org/I51226738"],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":2.2391,"has_fulltext":false,"cited_by_count":32,"citation_normalized_percentile":{"value":0.93282594,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"14","issue":"1","first_page":"28","last_page":"39"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.538100004196167,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.538100004196167,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.38089999556541443,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.029200000688433647,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/hotels","display_name":"hotels","score":0.9269999861717224},{"id":"https://openalex.org/keywords/systematic-risk","display_name":"systematic risk","score":0.9959999918937683},{"id":"https://openalex.org/keywords/idiosyncratic-risk","display_name":"idiosyncratic risk","score":0.9980000257492065},{"id":"https://openalex.org/keywords/debt-leverage","display_name":"debt leverage","score":0.9679999947547913},{"id":"https://openalex.org/keywords/business-growth","display_name":"business growth","score":0.8109999895095825},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.9990000128746033},{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"mergers and acquisitions","score":0.9950000047683716},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.5730000138282776}],"concepts":[{"id":"https://openalex.org/C80212096","wikidata":"https://www.wikidata.org/wiki/Q1975416","display_name":"Systematic risk","level":2,"score":0.8284139037132263},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.7262606620788574},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6484050154685974},{"id":"https://openalex.org/C43071985","wikidata":"https://www.wikidata.org/wiki/Q2906013","display_name":"Financial risk management","level":3,"score":0.5852997303009033},{"id":"https://openalex.org/C76073288","wikidata":"https://www.wikidata.org/wiki/Q1337875","display_name":"Financial risk","level":2,"score":0.5245338082313538},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5118159651756287},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.46426936984062195},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4394889175891876},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.41085830330848694},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.33043089509010315},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/jtr.828","doi":"https://doi.org/10.1002/jtr.828","is_oa":false,"landing_page_url":"https://doi.org/10.1002/jtr.828","pdf_url":null,"source":{"id":"https://openalex.org/S172501620","display_name":"International Journal of Tourism Research","issn_l":"1099-2340","issn":["1099-2340","1522-1970"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Tourism Research","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":37,"referenced_works":["https://openalex.org/W70155901","https://openalex.org/W152374212","https://openalex.org/W1482885921","https://openalex.org/W1568788023","https://openalex.org/W1598085902","https://openalex.org/W1972729826","https://openalex.org/W1973766353","https://openalex.org/W1974587544","https://openalex.org/W1979051783","https://openalex.org/W1992563875","https://openalex.org/W2005118298","https://openalex.org/W2007659572","https://openalex.org/W2010648296","https://openalex.org/W2029056003","https://openalex.org/W2032730137","https://openalex.org/W2044647313","https://openalex.org/W2053797943","https://openalex.org/W2066850485","https://openalex.org/W2069093060","https://openalex.org/W2083953929","https://openalex.org/W2088903635","https://openalex.org/W2090874083","https://openalex.org/W2099615848","https://openalex.org/W2100450585","https://openalex.org/W2108818539","https://openalex.org/W2115846503","https://openalex.org/W2120409200","https://openalex.org/W2132205316","https://openalex.org/W2144045750","https://openalex.org/W2159002737","https://openalex.org/W2160860931","https://openalex.org/W2171277033","https://openalex.org/W2334182575","https://openalex.org/W3023328140","https://openalex.org/W3121131820","https://openalex.org/W4232474910","https://openalex.org/W4302785603"],"related_works":["https://openalex.org/W1996785596","https://openalex.org/W1977726954","https://openalex.org/W1992178317","https://openalex.org/W2088903635","https://openalex.org/W2264975865","https://openalex.org/W4413037602","https://openalex.org/W1997765126","https://openalex.org/W2084849409","https://openalex.org/W2319639811","https://openalex.org/W2787953237"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"study":[2],"examined":[3],"risk":[4,39,94],"features":[5],"of":[6,12,34],"hotel":[7,24,36,88],"firms":[8,25,89],"and":[9,53,77,79,95],"the":[10,18,35],"determinants":[11],"their":[13],"systematic":[14,59,93],"risk.":[15,45,68],"After":[16],"reviewing":[17],"financial":[19],"data":[20],"for":[21,87],"31":[22],"US":[23],"from":[26],"2004":[27],"through":[28],"2008,":[29],"we":[30],"found":[31],"that":[32,49,72],"86%":[33],"firms'":[37],"total":[38],"could":[40],"be":[41],"characterized":[42],"as":[43],"unsystematic":[44],"The":[46],"results":[47],"showed":[48],"while":[50],"debt":[51,83],"leverage":[52],"growth":[54,74],"are":[55],"positively":[56],"related":[57],"to":[58,91],"risk,":[60],"firm":[61,97],"size":[62],"is":[63,85],"negatively":[64],"associated":[65],"with":[66],"such":[67],"Our":[69],"findings":[70],"suggest":[71],"conservative":[73],"via":[75],"mergers":[76],"acquisitions,":[78],"less":[80],"reliance":[81],"on":[82],"financing":[84],"advisable":[86],"seeking":[90],"reduce":[92],"enhance":[96],"value.":[98],"Copyright":[99],"\u00a9":[100],"2010":[101],"John":[102],"Wiley":[103],"&":[104],"Sons,":[105],"Ltd.":[106]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}