COVID-19 Tourism Recovery in the ASEAN and East Asia Region: Asymmetric Patterns and Implications

Polyzos, Stathis

doi:10.2139/ssrn.3862482

Cited by 8 publications

(7 citation statements)

References 36 publications

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“…The Covid-19 pandemic, on the one hand, resulted in a never-before-seen relapse in tourism. On the other hand, it provides a historic opportunity for the sector to restart and establishing its sustainable future (Fotiadis et al, 2021;Polyzos et al,. 2021b).…”

Section: Discussionmentioning

confidence: 99%

Repositioning Budapest’s tourism milieu for a post-Covid-19 period: Visual content analysis

Michalkó

Bal²,

Erdélyi³

2022

EJTR

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In order to propose a repositioning toolkit, this research addresses the essence of the daytime tourism milieu of the Hungarian capital Budapest’s nightly party zone and formulates the following two research questions: (1) What are the available elements of the daytime tourism milieu of Budapest’s party zone? and (2) How can this milieu enhance tourist experience for leveraging a sense of place in a future post-Covid-19 era? The data for this research were collected with the help of 85 undergraduates, who were given the task of taking 3 photos, as if they were tourists, aiming to capture the best reflection of the daytime tourism milieu of Budapest’s party zone. A database of 255 photos was analysed through visual content analysis. Additionally, each image was assigned a location of the photo, five hashtags and a short description. The descriptions of the photos were analysed by Python programming and calculations. The findings show the most important research outcomes concerning Budapest’s party zone, focusing on the daytime values of the district. The research identified the “creative milieu”’, “Jewish heritage milieu” and “gastronomic milieu” as the most important daytime profiles of the party zone. Based on the findings, the authors propose a repositioning toolkit and a strategy which, on the one hand, will develop a stronger sense of place in the case of the tourism milieu of Budapest’s party zone and, on the other hand, will position the party zone not only as a place of nightlife but also as a venue of daytime tourism.

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Section: Discussionmentioning

confidence: 99%

Repositioning Budapest’s tourism milieu for a post-Covid-19 period: Visual content analysis

Michalkó

Bal²,

Erdélyi³

2022

EJTR

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“…The transmission mechanism of market signals was severely comprised during the COVID-19 pandemic, leading to increased information asymmetry and opacity (Li et al 2022;Polyzos et al 2021). According to signaling theory, firms can use CSR investments to communicate their stable and positive states to stakeholders, which is likely to increase stakeholder support and investment confidence in such firms, as well as enhance the ability of firms to withstand changes in the external environment (Bebchuk and Fried 2003;DesJardine et al 2021;Fama 1980;Li et al 2022;Polyzos et al 2021). Following understandings derived from signal and stakeholder theories, firms can release strategic CSR-related information to dispel stakeholder doubts and strengthen connections among employees, consumers, suppliers, and other stakeholders (DesJardine et al 2021;Li et al 2022).…”

Section: The Impact Of Strategic Csr On Organizational Resiliencementioning

confidence: 99%

Relationship between Occupational Pension, Corporate Social Responsibility (CSR), and Organizational Resilience: A Study on Listed Chinese Companies

Wang,

Zhang,

Wang

et al. 2024

Risks

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Numerous researchers acknowledge that the occupational pension protects employees. However, in China, the total cost of occupational pensions is shared between employees and employers, representing a significant financial commitment. This study aimed to explore the effect of the occupational pension on corporate social responsibility (CSR) and organizational resilience. Drawing on insights from cost-stickiness and resource-based theories, we developed a model that elucidated the influence of occupational pensions on firms’ approaches to CSR within the context of COVID-19 and how this, in turn, impacted organizational resilience. This study categorized CSR into strategic and responsive activities, employing the concept of cost stickiness as a framework. We analyzed a sample of 34,145 observations from Chinese A-share listed companies spanning the period 2010–2023 to examine the influence of occupational pension adjustments on CSR strategies. The findings of this study revealed that the cost pressure associated with contributions to occupational pensions prompted firms to decrease their engagement in responsive CSR activities while enhancing their strategic CSR initiatives. Furthermore, it was observed that strategic CSR contributed to improved organizational resilience, whereas responsive CSR did not exhibit the same effect. The relationship between occupational pension contributions and CSR was found to be significantly and negatively moderated by factors such as the minimum wage and population aging. Conversely, the relationship between CSR and organizational resilience was significantly and positively moderated by digital transformation and marketing capabilities.

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“…The transmission mechanism of market signals was severely comprised during the COVID-19 pandemic, leading to increased information asymmetry and opacity (S. Li, Wang, Filieri, & Zhu, 2022;Polyzos, Fotiadis, & Samitas, 2021). According to signaling theory, firms can use CSR investments to communicate their stable and positive states to stakeholders, which is likely to increase stakeholder support and investment confidence in such firms, as well as enhance firms' ability to withstand changes in the external environment (Bebchuk & Fried, 2003;M.…”

Section: The Impact Of Strategic Csr On Organizational Resiliencementioning

confidence: 99%

Bouncing Back from Contingency: Pensions Insurance, Corporate Social Responsibility, and Organizational Resilience

Wang,

Zhang,

Wang

et al. 2024

Preprint

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Numerous researchers acknowledge that occupational pension protects employees. However, the total occupational pension is shared by employees and employers in China, which is a cost. This study aimed to explore the occupational pension on corporate social responsibility (CSR) and organizational resilience. We drew upon insights from cost-stickiness and resource-based theories to develop a model that illuminates how occupational pension affected firms’ stance toward CSR in the context of the COVID-19 pandemic and how this, in turn, has result organizational resilience. This study categorized CSR into strategic and responsive activities based on cost stickiness. We selected a total of 34,145 observations of Chinese listed companies over the period 2010-2023 as a sample to investigate whether occupational pension changes CSR strategies. The results showed that the cost pressure to contribute to occupational pension drove firms to reduce their responsive CSR and boost their strategic CSR. Moreover, strategic CSR improved organizational resilience, but responsive CSR did not. This relationship between occupational pension and CSR was significantly and negatively moderated by the minimum wage and population aging. Whereas, the relationship between CSR and organizational resilience was significantly and positively moderated by digital transformation and marketing capabilities. This study has implications for decision-making regarding high-quality firm development.

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COVID-19 Tourism Recovery in the ASEAN and East Asia Region: Asymmetric Patterns and Implications

Cited by 8 publications

References 36 publications

Repositioning Budapest’s tourism milieu for a post-Covid-19 period: Visual content analysis

Repositioning Budapest’s tourism milieu for a post-Covid-19 period: Visual content analysis

Relationship between Occupational Pension, Corporate Social Responsibility (CSR), and Organizational Resilience: A Study on Listed Chinese Companies

Bouncing Back from Contingency: Pensions Insurance, Corporate Social Responsibility, and Organizational Resilience

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