{"title":"可持续发展的动态:CEO名人在餐饮业ESG和公司绩效关系中的调节作用","authors":"Ngoc Tran Nguyen , Bora Kim , Hyoung Ju Song","doi":"10.1016/j.ijhm.2025.104353","DOIUrl":null,"url":null,"abstract":"<div><div>Drawing on upper echelons, social identity, and impression management theories, this study examines the moderating role of CEO celebrity on the relationship between Environmental, Social, and Governance (ESG) practices and firm performance within the U.S. restaurant industry. Using panel regression models to analyze data from publicly traded U.S. restaurants between 2003 and 2022, the findings reveal that while ESG practices alone do not directly affect firm performance, a highly visible CEO significantly enhances the positive impact of ESG initiatives. The results underscore the pivotal role of corporate leaders in advancing ESG performance by shaping strategic vision and aligning corporate actions with sustainable principles. This research contributes to theoretical discussions on corporate sustainability, firm performance, and executive influence while offering practical insights into how CEO celebrity can be leveraged to enhance the effectiveness of ESG strategies and improve organizational outcomes.</div></div>","PeriodicalId":48444,"journal":{"name":"International Journal of Hospitality Management","volume":"132 ","pages":"Article 104353"},"PeriodicalIF":9.9000,"publicationDate":"2025-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The dynamics of sustainability: CEO celebrity as a moderator on the ESG and firm performance relationship in the restaurant industry\",\"authors\":\"Ngoc Tran Nguyen , Bora Kim , Hyoung Ju Song\",\"doi\":\"10.1016/j.ijhm.2025.104353\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Drawing on upper echelons, social identity, and impression management theories, this study examines the moderating role of CEO celebrity on the relationship between Environmental, Social, and Governance (ESG) practices and firm performance within the U.S. restaurant industry. Using panel regression models to analyze data from publicly traded U.S. restaurants between 2003 and 2022, the findings reveal that while ESG practices alone do not directly affect firm performance, a highly visible CEO significantly enhances the positive impact of ESG initiatives. The results underscore the pivotal role of corporate leaders in advancing ESG performance by shaping strategic vision and aligning corporate actions with sustainable principles. This research contributes to theoretical discussions on corporate sustainability, firm performance, and executive influence while offering practical insights into how CEO celebrity can be leveraged to enhance the effectiveness of ESG strategies and improve organizational outcomes.</div></div>\",\"PeriodicalId\":48444,\"journal\":{\"name\":\"International Journal of Hospitality Management\",\"volume\":\"132 \",\"pages\":\"Article 104353\"},\"PeriodicalIF\":9.9000,\"publicationDate\":\"2025-07-11\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Hospitality Management\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0278431925002816\",\"RegionNum\":1,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"HOSPITALITY, LEISURE, SPORT & TOURISM\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Hospitality Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0278431925002816","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"HOSPITALITY, LEISURE, SPORT & TOURISM","Score":null,"Total":0}
The dynamics of sustainability: CEO celebrity as a moderator on the ESG and firm performance relationship in the restaurant industry
Drawing on upper echelons, social identity, and impression management theories, this study examines the moderating role of CEO celebrity on the relationship between Environmental, Social, and Governance (ESG) practices and firm performance within the U.S. restaurant industry. Using panel regression models to analyze data from publicly traded U.S. restaurants between 2003 and 2022, the findings reveal that while ESG practices alone do not directly affect firm performance, a highly visible CEO significantly enhances the positive impact of ESG initiatives. The results underscore the pivotal role of corporate leaders in advancing ESG performance by shaping strategic vision and aligning corporate actions with sustainable principles. This research contributes to theoretical discussions on corporate sustainability, firm performance, and executive influence while offering practical insights into how CEO celebrity can be leveraged to enhance the effectiveness of ESG strategies and improve organizational outcomes.
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.