“…To assist in controlling for omitted variable bias, the current study performs the fixed regression. Because of its robustness, the fixed regression has been frequently used by both governance (e.g., V. Z. Chen, Li, & Shapiro, ; Prommin, Jumreornvong, & Jiraporn, ; Schultz et al, ) and tourism researchers (e.g., Demir & Gozgor, ; Llorca‐Rodriguez, Casas‐Jurado, & García‐Fernández, ; Saha & Yap, ) to tackle the issue of omitted variable bias. The second bias is an endogeneity, which is the issue of simultaneous causation between variables (Agrawal & Knoeber, ; Campbell & Minguez‐Vera, ; C. M. Yeh & Trejos, ).…”