The change in systematic risk after the 9/11 events: An analysis of restaurant industry

The tragic events of September 11, 2001 (the 9/11 events) have had a dramatic impact on all aspects of American society. Although all facets of U.S. society have been affected by the September 11 attacks, it is hard to identify an industry that felt those effects more immediately than the hospitality industry. The aftermath of the events of 9/11 has forced the hospitality industry to face a disastrous fact in terms of decreased customer demand. The purpose of this study was to investigate whether the average systematic risk, or beta, of the restaurant industry changed significantly after 9/11. More specifically, this study examined the difference in systematic risk of different types of restaurants, such as fine/casual dining restaurants, family restaurants, and fast food restaurants in the pre-9/11 and post-9/11 period. The findings indicate that the systematic risk has not changed significantly both for the restaurant industry and for each restaurant segment that was examined.

Name thesis:degree_name

Master of Science (MS)

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Hotel Administration

Grantor dc:publisher

University of Nevada, Las Vegas

Year

2003

Author dc:creator

• Kim, Kihun

Contributors dc:contributor

• Zheng Gu

Statement dc:rights

• IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

Language dc:language

English

Identifier

https://oasis.library.unlv.edu/rtds/1629

OAI identifier oai:identifier

oai:oasis.library.unlv.edu:rtds-2628