Exploring corporate social responsibility and financial performance through stakeholder theory in the tourism industries
| Autor: | Babis Theodoulidis, Federica Crotto, Elisa Rancati, David Diaz |
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| Přispěvatelé: | Theodoulidis, B, Diaz, D, Crotto, F, Rancati, E |
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Restaurant
Strategy and Management corporate social responsibility financial performance stakeholder theory tourism industry airlines casinos hotels restaurants Transportation Development Tourism industry Financial performance 0502 economics and business Stakeholder analysis Airline Stakeholder theory Marketing Corporate social responsibility Development3304 Education Industrial organization Firm strategy 05 social sciences Casino Stakeholder Stakeholder management Strategy and Management1409 Tourism Leisure and Hospitality Management Hotel Tourism Leisure and Hospitality Management Business 050203 business & management 050212 sport leisure & tourism Tourism |
| Zdroj: | Theodoulidis, B, Diaz, D, Crotto, F & Rancati, E 2017, ' Exploring corporate social responsibility and financial performance through stakeholder theory in the tourism industries ', Tourism Management, vol. 62, pp. 173–188 . https://doi.org/10.1016/j.tourman.2017.03.018 |
| DOI: | 10.1016/j.tourman.2017.03.018 |
| Popis: | The literature examining the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in the tourism industries is extensive but it has not verified the relationship unambiguously. This has been attributed to the methodological artefacts used, but also to the lack of a solid theoretical foundation. Based on stakeholder theory, this paper proposes the use of two models that explicitly investigate the relationship between stakeholder management, expressed as CSR activities, firm strategy and CFP. The strategic stakeholder model and the intrinsic stakeholder commitment model are evaluated in terms of their descriptive accuracy in four different tourism-related industries (airlines, casinos, hotels and restaurants) using panel regressions for the years 2005–2014. The results provide useful theoretical insights into the way in which CSR interacts with firm strategy and CFP, as well as managerial insights into how tourism practitioners can identify which CSR activities may impact CFP. |
| Databáze: | OpenAIRE |
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