Minimum wage and the survival of hotel industry: Evidence from China

IF 9.9 1区管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM

International Journal of Hospitality Management Pub Date : 2024-04-13 DOI:10.1016/j.ijhm.2024.103757

Chen Hao , Xuegang Feng , Xiaodong Guo

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Abstract

The economic impacts of the minimum wage have been the focus of ongoing conflicting debates among policymakers and researchers. Taking a sample of 69694 firms established from 2011 and 2019 in the Chinese hotel sector, we analyzed the impact of minimum wage on firm survival and the moderating effect of the digital economy. Empirical evidences show that minimum wage has a positive impact on the survival risk of hotels, and the digital economy can negatively moderate the relationship between minimum wage and the survival risk of hotels. These findings are robust when tested with the hotel data of cross-provincial city pairs, other estimation models or longer observation periods. In addition, this study finds that the impact of the minimum wage and the moderating effect of the digital economy vary with hotel types. The rise of the minimum wage has brought greater operating pressure to formal hotel enterprises, and the digital economy has a greater inhibitory effect on the relationship between the rise of the minimum wage and the survival risk of hotel enterprises in informal hotel enterprises. The results indicate that informal hotels are less adversely affected by the increasing minimum wage and benefit more from the development of the digital economy.

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最低工资与酒店业的生存：来自中国的证据

最低工资对经济的影响一直是政策制定者和研究人员争论不休的焦点。我们以中国酒店业 2011 年至 2019 年成立的 69694 家企业为样本，分析了最低工资标准对企业生存的影响以及数字经济的调节作用。实证结果表明，最低工资标准对酒店的生存风险有正向影响，而数字经济可以负向调节最低工资标准与酒店生存风险之间的关系。这些结论在使用跨省城市对的酒店数据、其他估计模型或更长的观察期进行检验时是稳健的。此外，本研究还发现，最低工资的影响和数字经济的调节作用因酒店类型而异。最低工资标准的提高给正规酒店企业带来了更大的经营压力，而数字经济对非正规酒店企业中最低工资标准提高与酒店企业生存风险之间关系的抑制作用更大。结果表明，非正规酒店受最低工资上涨的不利影响较小，从数字经济发展中获益更大。

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

International Journal of Hospitality Management HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

21.20

自引率

9.40%

发文量

218

审稿时长

85 days

期刊介绍： The International Journal of Hospitality Management serves as a platform for discussing significant trends and advancements in various disciplines related to the hospitality industry. The publication covers a wide range of topics, including human resources management, consumer behavior and marketing, business forecasting and applied economics, operational management, strategic management, financial management, planning and design, information technology and e-commerce, training and development, technological developments, and national and international legislation. In addition to covering these topics, the journal features research papers, state-of-the-art reviews, and analyses of business practices within the hospitality industry. It aims to provide readers with valuable insights and knowledge in order to advance research and improve practices in the field. The journal is also indexed and abstracted in various databases, including the Journal of Travel Research, PIRA, Academic Journal Guide, Documentation Touristique, Leisure, Recreation and Tourism Abstracts, Lodging and Restaurant Index, Scopus, CIRET, and the Social Sciences Citation Index. This ensures that the journal's content is widely accessible and discoverable by researchers and practitioners in the hospitality field.

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