An examination of US hotel firms' risk f
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Hyunjoon Kim; Jiyoung Kim; Zheng Gu
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Article
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2010
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John Wiley and Sons
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English
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## Abstract This study examined risk features of hotel firms and the determinants of their systematic risk. After reviewing the financial data for 31 US hotel firms from 2004 through 2008, we found that 86% of the hotel firms' total risk could be characterized as unsystematic risk. The results show