Does digital transformation exacerbate or mitigate maturity mismatch in hospitality and tourism firms?

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

International Journal of Hospitality Management Pub Date : 2024-09-10 DOI:10.1016/j.ijhm.2024.103915

Bing Hu , Sihan Fan , Ke Zhang

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引用次数: 0

Abstract

How to mitigate the maturity mismatch of corporate investment and financing is critical for the financial stability and sustainable development of hospitality and tourism firms. Given the advancement and prevalence of digital transformation and the unidentified link between digital transformation and maturity mismatch in hospitality and tourism literature, this study aims to examine whether digital transformation exacerbates or mitigates maturity mismatch in hospitality and tourism firms. Using data from listed Chinese firms and machine learning to build a digital transformation index from word frequency statistics involving “firm digital transformation” in annual reports, we found that digital transformation exacerbates maturity mismatch, especially for firms with greater financing constraints and lower financial marketization. Our research uncovers antecedents of maturity mismatch and contributes to the hospitality and tourism literature on the effects of digital transformation. It also provides practical guidance for hospitality and tourism companies to address maturity mismatch through digital transformation.

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数字化转型会加剧还是缓解酒店和旅游公司的成熟度不匹配问题？

如何缓解企业投融资的成熟度错配问题，对于酒店与旅游企业的财务稳定和可持续发展至关重要。鉴于数字化转型的推进和普遍性，以及酒店和旅游业文献中数字化转型与成熟度错配之间尚未明确的联系，本研究旨在探讨数字化转型是加剧还是缓解酒店和旅游业企业的成熟度错配。通过使用中国上市公司的数据，并利用机器学习从年报中涉及 "公司数字化转型 "的词频统计中建立数字化转型指数，我们发现数字化转型会加剧成熟度错配，尤其是对于融资约束较大、金融市场化程度较低的公司而言。我们的研究揭示了成熟度错配的前因，为有关数字化转型影响的酒店和旅游业文献做出了贡献。它还为酒店和旅游公司通过数字化转型解决成熟度不匹配问题提供了实用指导。

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.