About: The negative spillover effect of food crises on restaurant firms: Did Jack in the Box really recover from an E. coli scare?

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About: The negative spillover effect of food crises on restaurant firms: Did Jack in the Box really recover from an E. coli scare? Goto Sponge NotDistinct Permalink

An Entity of Type : schema:ScholarlyArticle, within Data Space : covidontheweb.inria.fr associated with source document(s)

Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
has title	The negative spillover effect of food crises on restaurant firms: Did Jack in the Box really recover from an E. coli scare?
Creator	Almanza, Barbara Behnke, Carl Miao, Li Seo, Soobin Jang, Shawn
Source	Elsevier; Medline; PMC
abstract	Abstract Despite the enormous impact of food crises on restaurants, limited understanding of their long-term impacts and associated factors has undermined crisis managers’ ability to handle crisis situations effectively. This article investigated the long-term impact of food crises on the financial performance of restaurant firms and identified the factors that influenced this impact. This explanatory study examined the case of Jack in the Box, whose 1993 Escherichia coli scare was the first and largest restaurant-associated food crisis in modern times. An event study method was used to uncover stock price movements of Jack in the Box, in conjunction with 73 unrelated food crises that occurred from 1994 to 2010. Stock prices of Jack in the Box exhibited significantly negative responses to other firms’ food crises, moreover, the negative spillover effect was stronger if the crisis occurred closer in time, was similar in nature, and was accompanied with no recall execution. These findings shed light on the long-term financial impact of food crises and offer insights for crisis managers to develop more effective crisis management strategies.
has issue date	2014-05-31(xsd:dateTime)
bibo:doi	10.1016/j.ijhm.2014.02.011
bibo:pmid	32287858
has license	els-covid
sha1sum (hex)	0eeb2abfebb989c35868332a9091df6bcb62c836
schema:url	https://doi.org/10.1016/j.ijhm.2014.02.011
resource representing a document's title	The negative spillover effect of food crises on restaurant firms: Did Jack in the Box really recover from an E. coli scare?
has PubMed Central identifier	PMC7117015
has PubMed identifier	32287858
schema:publication	International Journal of Hospitality Management
resource representing a document's body	covid:0eeb2abfebb989c35868332a9091df6bcb62c836#body_text
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