Organizational Form and Performance: Evidence from the Hotel Industry

Renata Kosova, Francine Lafontaine () and Rozenn Perrigot ()
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Renata Kosova: Imperial College London
Rozenn Perrigot: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: We use a unique proprietary panel data set from a large hotel company to study how organizational form affects hotel pricing and performance. Aggregate data patterns suggest sizable performance differences between franchised and company-operated hotels. However, after controlling for other factors, we find that if significant at all, such differences are economically small. Moreover, once we endogenize the choice of organizational form, the differences become insignificant. We conclude that the company chooses which hotels to franchise and operate corporately such that, conditional on hotel and market characteristics, it obtains consistent outcomes across organizational forms.

Keywords: plural form; performance; price; hotel industry; Franchising; company ownership (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (35)

Published in Review of Economics and Statistics, 2013, 95 (4), pp.1303-1323. ⟨10.1162/REST_a_00330⟩

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Working Paper: Organizational Form and Performance: Evidence from the Hotel Industry (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00903514

DOI: 10.1162/REST_a_00330

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