用事件研究法考察最低工资政策对酒店财务绩效的影响

IF 2.9 Q2 HOSPITALITY, LEISURE, SPORT & TOURISM International Journal of Hospitality & Tourism Administration Pub Date : 2021-07-16 DOI:10.1080/15256480.2021.1938785

Nur Hidayah Che Ahmat, Jewoo Kim, S. Arendt

{"title":"用事件研究法考察最低工资政策对酒店财务绩效的影响","authors":"Nur Hidayah Che Ahmat, Jewoo Kim, S. Arendt","doi":"10.1080/15256480.2021.1938785","DOIUrl":null,"url":null,"abstract":"ABSTRACT This study investigated the effect of the minimum wage policy on hospitality firm value and financial performance. The event study method (ESM) results revealed the significant impact of the introduction of minimum wage on firm value, implying that investors perceived minimum wage policy had a negative effect on profitability in the long run. Furthermore, substantial increases in the minimum wage beyond market expectations can be a threat to businesses. Findings offer evidence that minimum wage policy did affect financial performance; hence, implementing a balanced minimum wage policy to benefit all stakeholders including business owners is imperative for a win–win situation.","PeriodicalId":46737,"journal":{"name":"International Journal of Hospitality & Tourism Administration","volume":"24 1","pages":"98 - 122"},"PeriodicalIF":2.9000,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15256480.2021.1938785","citationCount":"2","resultStr":"{\"title\":\"Examining the Impact of Minimum Wage Policy on Hospitality Financial Performance Using Event Study Method\",\"authors\":\"Nur Hidayah Che Ahmat, Jewoo Kim, S. Arendt\",\"doi\":\"10.1080/15256480.2021.1938785\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT This study investigated the effect of the minimum wage policy on hospitality firm value and financial performance. The event study method (ESM) results revealed the significant impact of the introduction of minimum wage on firm value, implying that investors perceived minimum wage policy had a negative effect on profitability in the long run. Furthermore, substantial increases in the minimum wage beyond market expectations can be a threat to businesses. Findings offer evidence that minimum wage policy did affect financial performance; hence, implementing a balanced minimum wage policy to benefit all stakeholders including business owners is imperative for a win–win situation.\",\"PeriodicalId\":46737,\"journal\":{\"name\":\"International Journal of Hospitality & Tourism Administration\",\"volume\":\"24 1\",\"pages\":\"98 - 122\"},\"PeriodicalIF\":2.9000,\"publicationDate\":\"2021-07-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1080/15256480.2021.1938785\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Hospitality & Tourism Administration\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/15256480.2021.1938785\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"HOSPITALITY, LEISURE, SPORT & TOURISM\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Hospitality & Tourism Administration","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/15256480.2021.1938785","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"HOSPITALITY, LEISURE, SPORT & TOURISM","Score":null,"Total":0}

引用次数: 2

摘要

摘要本研究调查了最低工资政策对酒店企业价值和财务绩效的影响。事件研究方法（ESM）的结果揭示了最低工资的引入对公司价值的显著影响，这意味着投资者认为最低工资政策从长远来看对盈利能力有负面影响。此外，超出市场预期的最低工资大幅上涨可能会对企业构成威胁。调查结果表明，最低工资政策确实影响了财务业绩；因此，实施一项平衡的最低工资政策，使包括企业主在内的所有利益相关者受益，对于实现双赢至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

Examining the Impact of Minimum Wage Policy on Hospitality Financial Performance Using Event Study Method

ABSTRACT This study investigated the effect of the minimum wage policy on hospitality firm value and financial performance. The event study method (ESM) results revealed the significant impact of the introduction of minimum wage on firm value, implying that investors perceived minimum wage policy had a negative effect on profitability in the long run. Furthermore, substantial increases in the minimum wage beyond market expectations can be a threat to businesses. Findings offer evidence that minimum wage policy did affect financial performance; hence, implementing a balanced minimum wage policy to benefit all stakeholders including business owners is imperative for a win–win situation.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

International Journal of Hospitality & Tourism Administration HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

6.30

自引率

8.60%

发文量

期刊介绍： The International Journal of Hospitality & Tourism Administration is an applied, internationally oriented hospitality and tourism management journal designed to help practitioners and researchers stay abreast of the latest developments in the field as well as facilitate the exchange of ideas. The journal addresses critical competency areas that will help practitioners be successful in this growing field now and into the future. An exciting and challenging international forum, the journal reflects current happenings and trends in the industry.