A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance

Xiaomiao Lu

doi:10.47297/wspdecWSP2515-797307.20240801

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A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance

8卷第1期

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A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance
A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance
School of Tourism,Xinjiang University of Finance and Economics,Urumqi 830012, China
2024年8卷第1期页码：47-58
纸质出版日期： 2024-06-30 ，
DOI：10.47297/wspdecWSP2515-797307.20240801
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(2024). A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance. 发展经济学, 8(1), 47-58.

Lu Xiaomiao.A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance[J].Development Economics of China,2024,08(01):47-58.
(2024). A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance. 发展经济学, 8(1), 47-58. DOI： 10.47297/wspdecWSP2515-797307.20240801.

Lu Xiaomiao.A Study on the Impact of Tourism Corporate Social Responsibility on Financial Performance[J].Development Economics of China,2024,08(01):47-58. DOI： 10.47297/wspdecWSP2515-797307.20240801.

摘要

Abstract

Taking the tourism enterprises listed in China's Shanghai and Shenzhen A-shares from 2010 to 2019 as the research object

the relationship between tourism enterprises' fulfillment of social responsibility and their financial performance was studied.The results of the study show that:(1)Social Responsibility and Short-term Financial Performance of Listed Tourism Enterprises in China are Significantly and Positively Correlated;(2)Social Responsibility and Long-Term Financial Performance of Listed Tourism Enterprises in China Are Significantly Negatively Correlated with Their Long-Term Financial Performance;(3)Financing constraints play a partial mediating role in social responsibility and financial performance of tourism firms.Based on this

corresponding recommendations are made.

关键词

Keywords

Corporate social responsibilityFinancial performanceTourism enterprisesFinancing constraints

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