The Effects of Creating Shared Value on the Hotel Performance

Manuel Ángel Fernández-Gámez, A. Manuel Gutiérrez-Ruiz, Rafael Becerra-Vicario and Daniel Ruiz-Palomo
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Manuel Ángel Fernández-Gámez: Department of Finance and Accounting, Campus El Ejido s/n, University of Malaga, 29071 Malaga, Spain
A. Manuel Gutiérrez-Ruiz: PhD Program of Mechanical Engineering and Energy Efficiency, Campus de Teatinos s/n, University of Malaga, 29071 Malaga, Spain
Rafael Becerra-Vicario: Department of Finance and Accounting, Campus El Ejido s/n, University of Malaga, 29071 Malaga, Spain
Daniel Ruiz-Palomo: Department of Finance and Accounting, Campus El Ejido s/n, University of Malaga, 29071 Malaga, Spain

Sustainability, 2019, vol. 11, issue 6, 1-16

Abstract: The current literature on sustainable practices shows that social missions and economic achievement can be compatible. However, very few studies have offered a quantitative perspective on this relationship. This study presents the first empirical evidence of the effects of the creating shared value (CSV) principle on the performance of companies. Using a sample of Spanish hotels, the results suggest that companies that apply CSV achieve higher financial performance. These findings represent a substantial contribution to the literature and shed light on how to efficiently implement CSV practices to simultaneously achieve economic and social benefits.

Keywords: creating shared value; sustainable practices; partial least squares (PLS); hotel performance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:6:p:1784-:d:216860

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