TY - JOUR
T1 - The moderating role of brand diversification on the relationship between geographic diversification and firm performance in the US lodging industry
AU - Kang, Kyung Ho
AU - Lee, Seoki
N1 - Publisher Copyright:
© 2013.
PY - 2014
Y1 - 2014
N2 - In spite of the prevalence and strategic importance of diversification for US lodging firms, research on the effects of diversification has been insufficient in the hospitality literature. Especially, an examination of the moderating effect of brand diversification on the relationship between geographic diversification and performance of US lodging firms has been lacking in the literature in various disciplines, including hospitality field thus far. This study aims to first investigate the individual effect from each of brand and geographic diversification strategy on firm performance in the US lodging industry. Further, to investigate effects of diversification comprehensively, this study examines the moderating effect of brand diversification on the relationship between geographic diversification and performance of US lodging firms. The study's results indicate a positive and significant effect of geographic diversification on firm performance, an insignificant effect of brand diversification, and a positive and significant moderating effect of brand diversification in the US lodging industry.
AB - In spite of the prevalence and strategic importance of diversification for US lodging firms, research on the effects of diversification has been insufficient in the hospitality literature. Especially, an examination of the moderating effect of brand diversification on the relationship between geographic diversification and performance of US lodging firms has been lacking in the literature in various disciplines, including hospitality field thus far. This study aims to first investigate the individual effect from each of brand and geographic diversification strategy on firm performance in the US lodging industry. Further, to investigate effects of diversification comprehensively, this study examines the moderating effect of brand diversification on the relationship between geographic diversification and performance of US lodging firms. The study's results indicate a positive and significant effect of geographic diversification on firm performance, an insignificant effect of brand diversification, and a positive and significant moderating effect of brand diversification in the US lodging industry.
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U2 - 10.1016/j.ijhm.2013.01.001
DO - 10.1016/j.ijhm.2013.01.001
M3 - Article
AN - SCOPUS:84947282664
SN - 0278-4319
VL - 38
SP - 106
EP - 117
JO - International Journal of Hospitality Management
JF - International Journal of Hospitality Management
ER -