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The Response Of The Restaurant Industry To The Financial Crisis

Author

Listed:
  • Marko Kukanja

    (University of Primorska, Slovenia)

  • Tanja Planinc

    (University of Primorska, Slovenia)

Abstract

This study examines crisis management practices in the restaurant industry. The survey was conducted in the Municipality of Piran, the most developed municipality in Slovenia, when tourism is concerned. The study investigates the differences in response of the restaurant industry to the economic crisis. In particular this research focuses on usage of different operational crisis management practices. The results indicate that in general there are no statistical significant differences in the usage of different operational crisis management practices, according to different F&B facilities, forms of business organizations and ownership structure of the F&B facilities. Conclusion provides suggestions for future research and useful information for managers of catering facilities.

Suggested Citation

  • Marko Kukanja & Tanja Planinc, 2013. "The Response Of The Restaurant Industry To The Financial Crisis," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 22(1), pages 39-56, june.
    • Handle: RePEc:avo:emipdu:v:22:y:2013:i:1:p:39-56
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    References listed on IDEAS

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    1. Lee, Seung-Hyun & Beamish, Paul W. & Lee, Ho-Uk & Park, Jong-Hun, 2009. "Strategic choice during economic crisis: Domestic market position, organizational capabilities and export flexibility," Journal of World Business, Elsevier, vol. 44(1), pages 1-15, January.
    2. Pearce, John II & Michael, Steven C., 1997. "Marketing strategies that make entrepreneurial firms recession-resistant," Journal of Business Venturing, Elsevier, vol. 12(4), pages 301-314, July.
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    More about this item

    Keywords

    recession; crisis management; restaurant industry; Municipality of Piran;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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