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Research Note: Internationalization of US Publicly Traded Restaurant Companies – a Transaction Cost Economics Perspective

Author

Listed:
  • Seoki Lee
  • Yoon Koh
  • Cindy Yoonjoung Heo

    (17 Science Museum Road, TST East, Kowloon, Hong Kong)

Abstract

In the internationalization literature of economics, many theories have been applied to various issues, but transaction cost economics remains significant among other prominent theories. The original intention of transaction cost economics was to explain the nature of firms in general; however, the approach has subsequently been applied to international operations. Despite the prevalent use of the theory to explain internationalization issues, few empirical examinations have been undertaken through its application in the hospitality literature. This study therefore examines the internationalization of US publicly traded restaurant companies through transaction cost economics.

Suggested Citation

  • Seoki Lee & Yoon Koh & Cindy Yoonjoung Heo, 2011. "Research Note: Internationalization of US Publicly Traded Restaurant Companies – a Transaction Cost Economics Perspective," Tourism Economics, , vol. 17(2), pages 465-471, April.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:2:p:465-471
    DOI: 10.5367/te.2011.0041
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    References listed on IDEAS

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    1. Rugman, Alan M. & Brewer, Thomas L. (ed.), 2001. "The Oxford Handbook of International Business," OUP Catalogue, Oxford University Press, number 9780199241828.
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    Cited by:

    1. Eunhye (Olivia) Park & Woo-Hyuk Kim, 2021. "The effect of inventory turnover on financial performance in the US restaurant industry: The moderating role of exposure to commodity price risk," Tourism Economics, , vol. 27(7), pages 1417-1429, November.

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