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Hidden Intangible Assets: Using a Sustainability Lens to Explore the UK’s Hospitality Sectors

In: Socially Responsible Business Models for International Brands

Author

Listed:
  • Javad Izadi
  • Pantea Foroudi
  • Joseph Gerald Bourke
  • Maria Palazzo

Abstract

This chapter examines the effect of unrecorded intangible items on the abnormal earnings of listed hotels, public bars and restaurants in the UK. The analysis focuses on the measurement of the autocorrelation coefficient of intangible assets and abnormal earnings over a long period. Sample firms were selected from listed firms in the UK over a period of 11 years (2010–2020). Our findings suggest that unrecorded intangible assets have an important impact on the persistence of abnormal earnings in hotel and food services companies. Listed hotel companies exhibit a higher sensitivity to the impact of intangible items on the persistence of abnormal earnings than public bar and restaurant firms in the UK. This research enriches the literature concerning abnormal earnings persistence in the listed hotels, public bars and restaurant sectors in the UK. Findings are important for investors because they identify information that helps them better understand the role of intangible items in valuing market share.

Suggested Citation

  • Javad Izadi & Pantea Foroudi & Joseph Gerald Bourke & Maria Palazzo, 2026. "Hidden Intangible Assets: Using a Sustainability Lens to Explore the UK’s Hospitality Sectors," World Scientific Book Chapters, in: Suraksha Gupta & Parth Patel & Arijit De (ed.), Socially Responsible Business Models for International Brands, chapter 10, pages 211-240, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819814916_0010
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    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General

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