Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1010110 | International Journal of Hospitality Management | 2009 | 8 Pages |
Abstract
The purpose of this study was to identify the financial features that distinguish dividend-paying firms from non-dividend-paying companies in the U.S. hospitality industry. The logistic regression model shows that firm size and profitability are significant drivers of dividend payout, whereas investment opportunities deter dividend payout. In the U.S. hospitality industry, larger hospitality firms with higher profitability but fewer investment opportunities are more likely to pay out dividends to their shareholders.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Hyunjoon Kim, Zheng Gu,