Corporate Governance in the Hospitality and Tourism Industry: Theoretical Foundations and Future Research

Li, Yuan; Singal, Manisha

doi:10.1177/10963480211011718

Cited by 20 publications

(13 citation statements)

References 149 publications

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“…The role of governance in tourism development is also very important; governance in tourism can be seen as a process of putting in place strategies and ensuring their implementation to achieve competitiveness and sustainability in the tourism industry (Li & Singal, 2021). A study conducted by Nguyen (2021), the study investigated the impact of local environmental governance on improving tourism companies' performance in Vietnam.…”

Section: Literature Reviewmentioning

confidence: 99%

Unveiling the linkage between hydropower growth and tourism sustainability in EU27 region: An empirical analysis

Alsaleh

Yang

Chen

et al. 2022

Sustainable Development

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Hydropower comes with a lot of inestimable values. It is indubitably an eco-systemfriendly resource that causes no harm to the natural state of the environment. This creates a better alternative to the heat energy radiating the earth. It is a cost-efficient source of energy and it offers unique opportunities to have cost-efficient tourism sector management in the EU region centers. The primary objective of this research is to determine the effect of hydropower output on tourism sustainability in the European Union (EU 27) states from 1990 to 2021. The autoregressive distributed lag (ARDL) was adopted for this study. Findings from this study show that a significant increase in the tourism sector growth can occur in EU14 emerging economies using hydropower output and economic growth variables than in EU13 emerging economies. In addition, among other variables captured in this study, population density and good governance were seen to have a higher level of contribution to tourism sector growth in EU14 emerging economies than in EU13 emerging economies. It was also found that a significant increase in the tourism sector growth could be achieved in the EU13 emerging economies due to the high consumption of fossil fuels than in EU14 emerging economies. This finding implies that the EU27 could achieve sustainability in their tourism sector significantly through the substitution of fossil fuel output with hydropower. This will foster the attainment of Energy Union aims by 2030. It is also a good way to combat climate change and environmental pollution. Using the pooled mean group (PMG), mean group (MG), and dynamic fixed effect (DFE) methods, the projected calculations were seen to be valid. The study, therefore, recommended that EU27 countries should prioritize hydropower in their pursuit of renewable energy production as this will help them to achieve sustainability in their tourism sector and become secure in their energy need now and in the future time. The government, Politicians, and all other concerned stakeholders in the EU27 countries should strive towards replacing fossil fuels with hydropower. This will help to ensure sustainability in their tourism sector and there will be security in the energy sector of these EU27 Countries.

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Section: Literature Reviewmentioning

confidence: 99%

Unveiling the linkage between hydropower growth and tourism sustainability in EU27 region: An empirical analysis

Alsaleh

Yang

Chen

et al. 2022

Sustainable Development

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“…The launch of the Guides in 2021 drove an ongoing shift from cooperative or market governance to state governance in the OCP industry. Li and Singal (2021) echoed this observation by pointing out that gig-economy growth continues to strengthen cooperative or market governance mechanisms that need to be balanced. They further called for a transformational mechanism (e.g.…”

Section: Governance System In Mainland China For Online Catering Plat...mentioning

confidence: 98%

“…Ashford et al (2018) advocated for more empirical investigations into how governance mechanisms affect stakeholders in the gig economy. Li and Singal (2021) subsequently pointed out the paucity of work amplifying gig workers' voices in the hospitality literature. 3.…”

Section: Hospitality Gig Economymentioning

confidence: 99%

“…In addition to impacts on OCPs, the Guides tackle the unregulated marketplace of the gig economy to promote flexible and welfare forms of labor productivity in the second labor market transformation, as described by Tronsor (2018). Li and Singal (2021) systematically reviewed 120 hospitality studies on governance and argued that most works had considered the effects of governance on firms (e.g. OCPs) while overlooking consequences for employees (e.g.…”

Section: Introductionmentioning

confidence: 99%

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Labor market transformation in the hospitality gig economy in a post pandemic era: impacts of institutional governance

Lin

Peng

et al. 2022

IJCHM

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Purpose The COVID-19 pandemic has caused the food delivery sector to boom as people continue to rely on services provided by online catering platforms (OCPs). However, because of the nature of sharing economy employment, gig workers’ contributions went largely ignored until intervention from institutional governance. This study aims to explore the impacts of labor market transformation after the Chinese Government issued guidance to promote gig workers’ welfare as a focal case. Design/methodology/approach Focus groups and the Delphi technique were used to explore associated impacts on OCPs and gig workers based on governance theory. Findings Results show that institutional governance negatively affected OCPs’ operating cost structure but sustained gig workers’ welfare. The dual effects of market mechanism and institutional governance in the sharing economy are needed to be balanced for labor market transformation. Research limitations/implications Long-term equilibrium can be fulfilled, given the growing food-related demand for the market mechanism. Social reciprocity is expected to be realized through institutional governance for gig workers’ welfare. Originality/value This study suggests that moving from market governance to stakeholder governance, as mediated by state governance, could transform gig workers’ labor structure in the gig economy. This study presents an integrated governance theory to enhance the epistemology of institutional governance.

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“…Long-term structural changes in governance processes will be brought about by the crisis, enabling businesses to either prevent or respond to probable future occurrences of comparable catastrophes. Moreover, some other researchers found that while family ownership, debt, and regulation/law are rarely looked into, institutional ownership, executive remuneration factors, board size, and merger and acquisition results are frequently researched (Li & Singal, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

The Role of Corporate Governance and its Significance on the Share Price Movements of Banking Financial Institutions Listed on DSE

2023

JIBM

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The rationale of this study was to ascertain how corporate governance affected the fluctuations in share price of Dhaka Stock Exchange listed banking financial organizations. Companies must instantly release new price-sensitive information via official news outlets, requiring Bangladeshi stock market regulations. The research investigates the connection between changes in share price and corporate governance. Additionally, it assesses the effectiveness of a company's framework for effective corporate governance, the equal treatment under the law of shareholders, the participation of stakeholders in corporate governance, transparency and disclosure, and the board of directors' accountability. To confirm the data quality, descriptive statistics were calculated for all variables. Primary and secondary data were used in this investigation. The main approach utilized to determine the interaction between the dependent and independent variables was regression. The analysis revealed that shareholder rights and significant ownership responsibilities had a negative but minimal impact on share price, while company's board of directors, an effective framework for corporate governance, and the role of stakeholders in corporate governance all had a significant and positive effect on share price. The study has laid a foundation for the management of publicly traded companies to aim for an ideal board of directors for their companies in order to boost the value of their companies, resulting in higher share prices.

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Corporate Governance in the Hospitality and Tourism Industry: Theoretical Foundations and Future Research

Cited by 20 publications

References 149 publications

Unveiling the linkage between hydropower growth and tourism sustainability in EU27 region: An empirical analysis

Unveiling the linkage between hydropower growth and tourism sustainability in EU27 region: An empirical analysis

Labor market transformation in the hospitality gig economy in a post pandemic era: impacts of institutional governance

The Role of Corporate Governance and its Significance on the Share Price Movements of Banking Financial Institutions Listed on DSE

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