KENNESAW, Ga. | Aug 30, 2024

Celina Duong is a sophomore finance major who participated in the Summer Undergraduate Research Program (SURP), researching why public restaurant firms have opted to shift to private ownership.

Under the mentorship of Professor of Hospitality Melih Madanoglu, Duong investigated how the wealth of shareholders influences the size of bid premiums for restaurant firms and uncovering the characteristics that determine the magnitude of these premiums.

Duong sought to reveal insights into how effective governance provisions can enhance operational efficiency, strategic decision-making, and ultimately, shareholder value in the context of going-private transitions within the restaurant industry.

Governance provisions are guidelines that help organizations operate in the right way and can include aspects such as making sure a company both understands and completes its obligations to shareholders.

A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its more than 47,000 students. Kennesaw State is a member of the University System of Georgia with 11 academic colleges. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 7 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.