Work

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

Year: 2023

Type: article

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.

Source: Tourism Economics

DOI: 10.1177/13548166231207132

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

Institutions: Eastern Mediterranean University, Kastamonu University, Metropolitan State University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Climate action

Open Access status: hybrid

Estimated APC paid: $3,500