The predictive roles of financial indicators and governance scores on firms’ emission performance in the tourism and hospitality industry

IF 3.6 3区管理学 Q1 ECONOMICS

Tourism Economics Pub Date : 2023-10-20 DOI:10.1177/13548166231207132

Victor Oluwafemi Olorunsola, Mehmet Bahri Saydam, Hasan Evrim Arici, Mehmet Ali Köseoglu

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引用次数: 0

Abstract

The tourism and hospitality (T&H) industry can significantly impact the environment by using natural resources and waste generation. Measuring and improving firms’ emission performance in this industry is becoming increasingly important. However, the prediction of financial indicators and governance scores on firms’ emission performance is still poorly established. Drawing on the agency and stakeholders’ theory, our research explores whether financial indicators and governance scores predict firms’ emission performance in the T&H industry. Data on all companies that are publicly traded was acquired from Thomson Reuters Eikon using 485 publicly traded tourism firms as of the end of the fiscal year 2021. Our findings suggest that governance pillar score (GP), management score (MS), board size (BS), and market capitalization (MC) are the best four predictors of carbon emission reduction scores in T&H companies. Theoretical and practical implications are presented, and directions for further research are provided.

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财务指标和治理得分对旅游和酒店业企业排放绩效的预测作用

旅游和酒店(T&H)行业可以通过使用自然资源和产生废物来显著影响环境。衡量和改善该行业企业的排放绩效正变得越来越重要。然而，对企业排放绩效的财务指标和治理得分的预测仍然很不完善。利用代理理论和利益相关者理论，我们的研究探讨了财务指标和治理得分是否能预测企业在T&H行业的排放绩效。截至2021财年末，所有上市公司的数据都是从汤森路透Eikon获得的，使用了485家上市旅游公司。研究结果表明，治理支柱得分(GP)、管理得分(MS)、董事会规模(BS)和市值(MC)是T&H公司碳减排得分的最佳预测因子。提出了理论和实践意义，并提出了进一步研究的方向。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Tourism Economics Multiple-

CiteScore

9.30

自引率

11.40%

发文量

期刊介绍： Tourism Economics, published quarterly, covers the business aspects of tourism in the wider context. It takes account of constraints on development, such as social and community interests and the sustainable use of tourism and recreation resources, and inputs into the production process. The definition of tourism used includes tourist trips taken for all purposes, embracing both stay and day visitors. Articles address the components of the tourism product (accommodation; restaurants; merchandizing; attractions; transport; entertainment; tourist activities); and the economic organization of tourism at micro and macro levels (market structure; role of public/private sectors; community interests; strategic planning; marketing; finance; economic development).