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Does haze pollution governance promote the growth of urban tourism economies? Evidence from China’s Clean Air Act 雾霾污染治理能否促进城市旅游经济增长?来自中国《清洁空气法》的证据
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2024-02-12 DOI: 10.1177/13548166241233624
Fangfang Gu, Xiaohong Liu, Yaru Cao, Qunwei Wang
Haze pollution has caused huge losses to the tourism industry, but China’s Clean Air Act (CAA), implemented in 2013, provides an important opportunity for the tourism industry to recover. Using a difference-in-differences model and panel data across 275 prefecture-level cities, we investigate the effects of the CAA on their urban tourism economies. The results confirm significant positive effects of the CAA mainly through adjusting the urban industrial structures and stimulating technological innovation. However, there is significant heterogeneity of the policy effects. The CAA plays a greater role in promoting the tourism economies of small-scale cities and non-first-tier cities. In addition, domestic tourism is more affected than inbound tourism. Our findings verify the positive effects of China’s haze pollution governance and provide theoretical evidence for the cities to promote the high-quality development of their tourism economies.
雾霾污染给旅游业造成了巨大损失,但中国于 2013 年实施的《清洁空气法》(CAA)为旅游业的复苏提供了重要契机。我们利用差分模型和 275 个地级市的面板数据,研究了《清洁空气法》对城市旅游经济的影响。结果证实,《中国旅游法》主要通过调整城市产业结构和刺激技术创新产生了明显的积极影响。然而,政策效应存在明显的异质性。CAA 对小规模城市和非一线城市旅游经济的促进作用更大。此外,国内旅游比入境旅游受到的影响更大。我们的研究结果验证了中国雾霾污染治理的积极效应,为城市推动旅游经济高质量发展提供了理论依据。
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引用次数: 0
Paycheck Protection Program and lending discrimination in the US hospitality industry 美国酒店业的薪酬保护计划和借贷歧视
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2024-02-12 DOI: 10.1177/13548166241232715
Gabriela Lelo de Larrea, Mehmet Altin, Emrah Koçak, F. Okumus
This study aims to assess lending discrimination in the Paycheck Protection Program (PPP) in the hospitality industry. PPP is one of the initiatives of the US government in response to the COVID-19 pandemic to support small businesses. While the US Congress aimed to target minority-owned and other businesses at a disadvantage, early research on the program found lending discrimination. This study contributes to this research stream by being the first to focus on the nationwide hospitality industry and consider all three funding rounds. Specifically, the study analyzed differences in approval amounts based on race and gender and found significant differences between White- and Black or African American-owned businesses and between male- and female-owned businesses, with the latter of these groups at a considerable disadvantage. The results of this study could guide policymakers in creating assistance programs with more stringent clauses to ensure the support gets to those most in need.
本研究旨在评估酒店业薪酬保护计划(PPP)中的贷款歧视。PPP 是美国政府为应对 COVID-19 大流行而采取的支持小企业的举措之一。虽然美国国会的目标是针对少数族裔企业和其他处于不利地位的企业,但对该计划的早期研究发现了借贷歧视。本研究首次关注全国范围内的酒店业,并考虑了所有三轮资助,从而为这一研究流做出了贡献。具体而言,该研究分析了基于种族和性别的批准金额差异,发现白人和黑人或非裔美国人拥有的企业之间以及男性和女性拥有的企业之间存在显著差异,后者处于相当不利的地位。这项研究的结果可以指导政策制定者制定具有更严格条款的援助计划,以确保最需要的人得到支持。
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引用次数: 0
Paycheck Protection Program and lending discrimination in the US hospitality industry 美国酒店业的薪酬保护计划和借贷歧视
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2024-02-12 DOI: 10.1177/13548166241232715
Gabriela Lelo de Larrea, Mehmet Altin, Emrah Koçak, F. Okumus
This study aims to assess lending discrimination in the Paycheck Protection Program (PPP) in the hospitality industry. PPP is one of the initiatives of the US government in response to the COVID-19 pandemic to support small businesses. While the US Congress aimed to target minority-owned and other businesses at a disadvantage, early research on the program found lending discrimination. This study contributes to this research stream by being the first to focus on the nationwide hospitality industry and consider all three funding rounds. Specifically, the study analyzed differences in approval amounts based on race and gender and found significant differences between White- and Black or African American-owned businesses and between male- and female-owned businesses, with the latter of these groups at a considerable disadvantage. The results of this study could guide policymakers in creating assistance programs with more stringent clauses to ensure the support gets to those most in need.
本研究旨在评估酒店业薪酬保护计划(PPP)中的贷款歧视。PPP 是美国政府为应对 COVID-19 大流行而采取的支持小企业的举措之一。虽然美国国会的目标是针对少数族裔企业和其他处于不利地位的企业,但对该计划的早期研究发现了借贷歧视。本研究首次关注全国范围内的酒店业,并考虑了所有三轮资助,从而为这一研究流做出了贡献。具体而言,该研究分析了基于种族和性别的批准金额差异,发现白人和黑人或非裔美国人拥有的企业之间以及男性和女性拥有的企业之间存在显著差异,后者处于相当不利的地位。这项研究的结果可以指导政策制定者制定具有更严格条款的援助计划,以确保最需要的人得到支持。
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引用次数: 0
What skills do hospitality executives need for better financial outcomes from internationalization? 酒店业高管需要掌握哪些技能才能从国际化中获得更好的财务成果?
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-23 DOI: 10.1177/13548166241228879
Sujin Song, Sungbeen Park, Seoki Lee
This study examines how characteristics of top executives moderate the effect of internationalization on hospitality firms’ performance. Using US publicly-traded hospitality firms, this study conducts hierarchical linear modeling to investigate how executives’ functional background and operating ability influence the relationship between internationalization and financial outcomes. Findings of this study indicate that the functional background and operating ability of top executives significantly affect internationalization’s impact on firm performance. This study also reveals different measurements of internationalization and a firm’s financial performance matter for the relationship of interest. Considering the lack of research on the moderating effects of hospitality executives’ characteristics and how they connect to internationalization and firm performance, this study bridges this gap in the literature.
本研究探讨了高层管理人员的特征如何调节国际化对酒店业公司业绩的影响。本研究采用分层线性模型,以美国上市酒店业公司为研究对象,探讨高管的职能背景和运营能力如何影响国际化与财务结果之间的关系。研究结果表明,高管的职能背景和运营能力会显著影响国际化对企业绩效的影响。本研究还揭示了国际化与企业财务绩效的不同衡量标准对相关关系的影响。考虑到缺乏对酒店业高管特征的调节作用及其如何与国际化和公司业绩联系起来的研究,本研究弥补了这一文献空白。
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引用次数: 0
Economic incentives for tourists: Evaluating a regional policy measure 对游客的经济激励:评估一项地区政策措施
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-10 DOI: 10.1177/13548166241227463
Roberto Cellini, Tiziana Cuccia
This Note examines the effectiveness of a regional policy centered around offering discounted vouchers to tourists. It specifically studies the case of Sicily, which, unlike other Italian regions, implemented this policy between 2021 and 2023 in response to the aftermath of the COVID-19 shock. Difference-in-differences estimates reveal that this intervention has failed to significantly affect tourism.
本说明探讨了一项以向游客提供折扣券为核心的地区政策的有效性。与意大利其他地区不同的是,西西里岛在 2021 年至 2023 年期间实施了这一政策,以应对 COVID-19 的冲击。差分估计结果显示,这一干预措施未能对旅游业产生显著影响。
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引用次数: 0
Digital financial inclusion and domestic tourism demand: Through the lens of spatial spillover 数字普惠金融与国内旅游需求:从空间溢出的角度看
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-05 DOI: 10.1177/13548166231224578
Yanzhao Li, Ju-e Guo, Wenjun Zhu
Domestic tourism demand has dominated the global tourism market and has been more resilient during the COVID-19 pandemic; yet, it is under-studied compared to international tourism demand. Digital financial inclusion (DFI) enables the provision of formal financial products and services to small and medium-sized tourism enterprises and tourists through cost-effective digital means, potentially boosting domestic tourism demand. Integrating micro- and macro-level data from 335 prefecture-level regions in China, we investigate the impact of DFI on domestic tourism demand using spatial panel models. Our analysis reveals significant and positive effects, both direct and spillover, of DFI on domestic tourism demand within a region and across regions. Notably, among the three dimensions of DFI, the usage depth exhibits the most substantial spillover effects. Furthermore, our findings also highlight the crucial role of DFI in internalizing domestic tourism revenues. Our study provides practical implications for sustainable domestic tourism development in the digital era.
国内旅游需求在全球旅游市场中占据主导地位,在 COVID-19 大流行期间具有更强的抵御能力;然而,与国际旅游需求相比,对国内旅游需求的研究却不足。数字普惠金融(DFI)能够通过具有成本效益的数字手段向中小型旅游企业和游客提供正规的金融产品和服务,从而有可能促进国内旅游需求。我们整合了中国 335 个地级市的微观和宏观数据,利用空间面板模型研究了 DFI 对国内旅游需求的影响。我们的分析表明,无论是在区域内还是在区域间,DFI 都对国内旅游需求产生了显著的积极影响,包括直接影响和溢出影响。值得注意的是,在 DFI 的三个维度中,使用深度的溢出效应最为显著。此外,我们的研究结果还强调了 DFI 在国内旅游收入内部化方面的关键作用。我们的研究为数字时代国内旅游业的可持续发展提供了现实意义。
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引用次数: 0
Does climate policy uncertainty influence corporate cash holdings? Evidence from the U.S. tourism and hospitality sector 气候政策的不确定性会影响企业现金持有量吗?来自美国旅游业和酒店业的证据
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-03 DOI: 10.1177/13548166231224561
Lei Zhang, Jing Gao
We examine the influence of climate policy uncertainty (CPU) on corporate cash holding decisions of U.S. tourism and hospitality firms. We find that CPU is negatively associated with corporate cash holdings for tourism and hospitality firms in the United States. A further analysis indicates that the impact of CPU on cash holdings lasts 2 years and disappears afterward. We also show that CPU is negatively associated with corporate cash holdings for hotel firms, but its impacts on airline, restaurant, and casino firms are insignificant. Results from cross-sectional analyses show that financial constraints and climate risk exposure moderate the relationship between CPU and corporate cash holdings. Our main findings are insensitive to additional robustness tests, including an instrumental variable test and subsample analyses. Our results have timely implications for academics, investors, and regulators.
我们研究了气候政策不确定性(CPU)对美国旅游业和酒店业企业现金持有决策的影响。我们发现,气候政策不确定性与美国旅游业和酒店业企业的现金持有量呈负相关。进一步的分析表明,CPU 对现金持有量的影响会持续两年,之后就会消失。我们还发现,CPU 与酒店企业的公司现金持有量呈负相关,但对航空公司、餐馆和赌场企业的影响并不显著。横截面分析的结果表明,财务约束和气候风险暴露缓和了中央政策组与企业现金持有量之间的关系。我们的主要发现对其他稳健性检验并不敏感,包括工具变量检验和子样本分析。我们的研究结果对学术界、投资者和监管机构具有及时的启示意义。
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引用次数: 0
Importing to feed international tourists: Growth implications for islands across the globe 进口以满足国际游客的需求:对全球岛屿增长的影响
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2023-12-29 DOI: 10.1177/13548166231224012
F. Baidoo, Lei Pan, V. Fiador, E. Agbloyor
The expansion of inbound tourism among global islands, amidst relatively inadequate supporting tradable goods, potentially triggers high merchandise imports, resulting in an indeterminate impact on economic growth. Employing fixed and random effects estimation techniques on five-year-non-overlapping-averaged data, covering 1980 through 2019, this study, firstly, investigates the potential bi-causal relationship between inbound tourism and merchandise imports, in the case of 45 sovereign islands. The economic growth implication of a concurrent pursuit of tourism expansion and merchandise imports is also examined. The study further investigates how over-reliance on imported merchandise to feed international tourists, and over-specialisation in the tourism sector, affect the tourism-led-growth hypothesis in the case of these islands. Results from the study show that an increase in inbound tourism significantly leads to an increase in merchandise imports, and vice versa. Also, importing merchandises to sustain inbound tourism is significantly observed not to be detrimental to economic growth. However, results further reveal that over-reliance on imported merchandises to sustain inbound tourism, as well as over-specialisation in tourism with the help of imported merchandises, both exert significant detrimental net effects on economic growth. The findings hold policy guidelines for the pursuit of tourism-led and merchandise-import-led growth strategies among global islands.
在可交易商品配套相对不足的情况下,全球岛屿之间入境旅游业的扩张可能会引发高额商品进口,从而对经济增长产生不确定的影响。本研究采用固定效应和随机效应估算技术,对1980年至2019年的五年非重叠平均数据进行估算,首先研究了45个主权岛屿的入境旅游业与商品进口之间的潜在双因果关系。研究还探讨了同时追求旅游业扩张和商品进口对经济增长的影响。研究进一步探讨了过度依赖进口商品养活国际游客以及旅游业过度专业化如何影响这些岛屿的旅游业带动增长假说。研究结果表明,入境旅游业的增长会显著导致商品进口的增加,反之亦然。此外,为维持入境旅游业而进口商品明显不会损害经济增长。然而,研究结果进一步表明,过度依赖进口商品来维持入境旅游业,以及借助进口商品实现旅游业的过度专业化,都会对经济增长产生明显的负面净影响。这些研究结果为全球岛屿实施以旅游业为主导和以商品进口为主导的增长战略提供了政策指导。
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引用次数: 0
How to achieve economic development through tourism? Different ways for different economies: A new approach through fuzzy set qualitative comparative analysis 如何通过旅游业实现经济发展?不同的经济体有不同的方法:通过模糊集定性比较分析的新方法
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2023-12-21 DOI: 10.1177/13548166231222668
José Luis Durán-Román, Julio Vena-Oya, J. M. Núñez-Tabales, Francisco José Rey-Carmona
Policy makers and tourism investors have a limited vision of how a certain level of tourism development is possible depending on country-specific conditions such as incomes and competitiveness factors. In this context, the aim of this research is to identify different strategies or solutions, based on different drivers of tourism competitiveness, that lead to tourism development in countries with different levels of per capita income. To this end, the Travel & Tourism Development Index will be used to answer the research questions raised. This paper proposes the use of an alternative methodology such as fuzzy set Qualitative Comparative Analysis (fsQCA). As a result, a total of eight different strategies which lead to tourism development have been identified for the different categories considered, identifying the key drivers to achieve such development for the different economies.
政策制定者和旅游业投资者对于如何根据收入和竞争力因素等具体国情实现一定水平的旅游业发展的认识是有限的。在这种情况下,本研究的目的是根据旅游业竞争力的不同驱动因素,确定不同的战略或解决方案,以促进人均收入水平不同的国家的旅游业发展。为此,将使用旅行与旅游业发展指数来回答提出的研究问题。本文建议使用另一种方法,如模糊集定性比较分析法(fsQCA)。因此,针对所考虑的不同类别,共确定了八种不同的旅游业发展战略,从而确定了不同经济体实现旅游业发展的关键驱动因素。
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引用次数: 0
How smart city construction affects destination tourism efficiency 智慧城市建设如何影响目的地旅游效率
IF 4.4 3区 管理学 Q1 Social Sciences Pub Date : 2023-12-14 DOI: 10.1177/13548166231221849
Lijun Ma, Cong Liu, Yong Zhan
To investigate the impact of smart city construction (SCC) on destination tourism efficiency (TE), this study analyzed the impact paths and mechanisms of SCC on destination TE from 3 aspects: technological innovation, informatization, and industrial structure upgrading. Based on panel data of Chinese prefecture-level cities from 2004–2019, we combined a stochastic frontier analysis model with a difference-in-differences model to conduct an empirical analysis to assess the policy effects of SCC on destination TE and validate the impact paths and mechanisms. The results show that the tourism of 153 sample cities show a low TE level overall, an increasing trend year by year, a distribution pattern of high in the east, and low in the middle and west. SCC can significantly improve destination TE, and the impact of SCC on destination TE has spatially heterogeneous.
为探究智慧城市建设(SCC)对目的地旅游效率(TE)的影响,本研究从技术创新、信息化和产业结构升级三个方面分析了智慧城市建设对目的地旅游效率的影响路径和机制。基于2004-2019年中国地级市的面板数据,结合随机前沿分析模型和差分模型进行实证分析,评估SCC对目的地旅游效率(TE)的政策效应,并验证其影响路径和机制。结果表明,153 个样本城市的旅游TE 水平总体偏低,呈逐年上升趋势,呈东部高、中西部低的分布格局。SCC能明显改善目的地TE,且SCC对目的地TE的影响具有空间异质性。
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引用次数: 0
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Tourism Economics
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