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dc.contributor.authorGraf, Nicolasen_US
dc.date.accessioned2014-03-14T20:20:50Z
dc.date.available2014-03-14T20:20:50Z
dc.date.issued2007-12-10en_US
dc.identifier.otheretd-12182007-123237en_US
dc.identifier.urihttp://hdl.handle.net/10919/30149
dc.description.abstractThe purpose of this study was to investigate the concepts of remote and task risks in relation to the structure of the casual theme restaurant industry, and to examine the performance consequences of their relationships. This study proposed a framework of analysis that will enable industry participants to develop an improved understanding of the relationships among environmental risk drivers, and of the influence of their strategic decisions on the environment-performance connection. Specifically, it was proposed that task risk factors could be identified, and that they would mediate the influence that some identifiable remote risk factors would have on the performance of the industry. It was also expected that this mediated relationship would be moderated by the influence of the structure of industry. The primary unit of analysis was at the industry sector level as the performance construct was operationalized using a portfolio of 24 casual theme restaurant firms. Exploratory factor analysis was used to identify the remote and task risk factors. The analysis suggested that three remote factors and three task factors represent the two environmental constructs: â Interest ratesâ , â Expectationsâ and â Exchange ratesâ for the remote environment, and â Input quantitiesâ , â Input restaurantâ and â Input pricesâ for the task environment. A number of time-series regression analyses were subsequently conducted for the 1993-2006 period to investigate the various proposed relationships. The results indicated that a number of significant direct effects of the remote and task risk factors on the cash flow returns on invested capital of the industry portfolio existed. Also, a significant mediated relationship was found: the â Input pricesâ mediated the influence of the â Expectationsâ on changes in the cash flow returns on invested capital. However, and despite numerous significant direct effects between the industry structure variables and the performance variables, no moderation could be established. The present study paved the way for future research on the relationships between the remote and task environment and the performance of firms. In particular, further research should be conducted that delves into the role of the cyclical nature of environmental risk factors. Besides, additional investigations of the influence of the structure of the industry should be conducted by attempting to compare more contrasted states of the industry.en_US
dc.publisherVirginia Techen_US
dc.relation.haspartNicolas_S_Graf_Dissertation_2007.pdfen_US
dc.rightsI hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to Virginia Tech or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report.en_US
dc.subjectEnvironmenten_US
dc.subjectCo-alignmenten_US
dc.subjectRestauranten_US
dc.subjectIndustry Structureen_US
dc.subjectValue Driversen_US
dc.subjectRisken_US
dc.titleThe Moderating Role of the Industry Structure on the Causal Relationships between Remote Risks, Task Risks, and Industry Performance: Empirical Study of the U.S. Casual Theme Restaurant Industryen_US
dc.typeDissertationen_US
dc.contributor.departmentHospitality and Tourism Managementen_US
dc.description.degreePh. D.en_US
thesis.degree.namePh. D.en_US
thesis.degree.leveldoctoralen_US
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen_US
thesis.degree.disciplineHospitality and Tourism Managementen_US
dc.contributor.committeechairOlsen, Michael D.en_US
dc.contributor.committeememberMihalik, Brian J.en_US
dc.contributor.committeememberMurrmann, Suzanne K.en_US
dc.contributor.committeememberKwansa, Francis A.en_US
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-12182007-123237/en_US
dc.date.sdate2007-12-18en_US
dc.date.rdate2008-01-17
dc.date.adate2008-01-17en_US


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