Developing an integrated resort’s (IR) environmental, social, and corporate governance (ESG) measurement scale

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

International Journal of Hospitality Management Pub Date : 2024-09-25 DOI:10.1016/j.ijhm.2024.103924

Yae-Na Park , Simon Hyungsup Hahn , Choong-Ki Lee , Jaewook Kim , Ki-Joon Back

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引用次数: 0

Abstract

Despite its economic benefits, the integrated resort (IR) industry faces social concerns, including pollution, gambling addiction, and community conflicts. To counter these issues, managing ESG (environmental, social, and governance) practices becomes crucial for IRs. However, IRs need more specific ESG measurement scales to ensure progress. This study aims to fill this gap by developing a new scale tailored to assess ESG activities in IRs. Using a mixed methodology, the study identified six key factors: environment, internal/external stakeholders, responsible gambling, safety and health, and governance. Rigorous statistical analysis confirmed the validity and predictive power of the developed scale. Theoretically, this study introduces the first-ever ESG scale for IRs, including the unique "responsible gambling" factor. It equips resort managers with a tool to build ESG strategies, gain social acceptance, and ultimately boost profitability. By embracing ESG principles and utilizing this new scale, IRs can ensure sustainable growth while minimizing negative impacts.

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制定综合度假村（IR）的环境、社会和公司治理（ESG）衡量标准

尽管综合度假村（IR）产业具有经济效益，但它也面临着污染、赌博成瘾和社区冲突等社会问题。为了应对这些问题，管理 ESG（环境、社会和治理）实践对 IR 至关重要。然而，投资者需要更具体的 ESG 衡量标准，以确保取得进展。本研究旨在通过开发一种新的量表来评估投资者关系中的 ESG 活动，从而填补这一空白。研究采用混合方法，确定了六个关键因素：环境、内部/外部利益相关者、负责任的赌博、安全与健康以及治理。严格的统计分析证实了所开发量表的有效性和预测能力。从理论上讲，本研究首次为投资者关系引入了环境、社会和治理量表，其中包括独特的 "负责任的赌博 "因素。它为度假村管理者提供了建立 ESG 战略、获得社会认可并最终提高盈利能力的工具。通过采用环境、社会和公司治理原则以及利用这一新量表，投资者关系公司可以确保可持续增长，同时最大限度地减少负面影响。

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.