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Organizational Form and Performance: Evidence from the Hotel Industry

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.
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https://halshs.archives-ouvertes.fr/halshs-00903514
Contributor : Naïla Louise-Rose <>
Submitted on : Tuesday, November 12, 2013 - 12:50:40 PM
Last modification on : Thursday, January 14, 2021 - 1:22:22 PM

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Renata Kosova, Francine Lafontaine, Rozenn Perrigot. Organizational Form and Performance: Evidence from the Hotel Industry. Review of Economics and Statistics, Massachusetts Institute of Technology Press (MIT Press), 2013, 95 (4), pp.1303-1323. ⟨10.1162/REST_a_00330⟩. ⟨halshs-00903514⟩

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