Impact of the Menu Labeling Act upon the market value of foodservice firms

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dc.contributor.authorKim, Eojinaen
dc.contributor.authorNicolau, Juan Luisen
dc.date.accessioned2024-07-11T13:04:53Zen
dc.date.available2024-07-11T13:04:53Zen
dc.date.issued2020-11-26en
dc.description.abstractThe Menu Labeling Act (MLA), which requires restaurants to provide customers with nutritional information, has encountered implementation difficulties for more than 8 years, owing to the imposition of administrative costs on restaurant firms. By investigating the market value of 46 restaurant firms that publicly trade in the United States, this research analyzes the impact of MLA-related announcements on the market value of foodservice firms. Announcements associated with restrictions tend to reduce restaurant market value by 0.29% per day (market value is defined as the number of shares times the share price), whereas announcements related to flexibility increase such market value by 0.80%. The final guideline and compliance date announced by the Food and Drug Administration has provoked significant negative effects on restaurant market value. Meanwhile, the congress’ proposed opposition act has elicited great positive effects. This study provides important implications for policy makers and practitioners in the food service industry.en
dc.description.versionAccepted versionen
dc.format.extentPages 447-473en
dc.format.mimetypeapplication/pdfen
dc.identifierARTN 1096348020971018 (Article number)en
dc.identifier.doihttps://doi.org/10.1177/1096348020971018en
dc.identifier.eissn1557-7554en
dc.identifier.issn1096-3480en
dc.identifier.issue3en
dc.identifier.orcidKim, Eojina [0000-0001-6405-6933]en
dc.identifier.orcidNicolau Gonzalbez, Juan [0000-0003-0048-2823]en
dc.identifier.urihttps://hdl.handle.net/10919/120642en
dc.identifier.volume45en
dc.language.isoenen
dc.publisherSageen
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectmenu labelingen
dc.subjectnutritional informationen
dc.subjectMenu Labeling Acten
dc.subjectrestauranten
dc.subjectfirm valueen
dc.titleImpact of the Menu Labeling Act upon the market value of foodservice firmsen
dc.title.serialJournal of Hospitality and Tourism Researchen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dcterms.dateAccepted2019-10-05en
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen

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