COVID-19, CSR, and performance of listed tourism companies

Chengsheng Jin, Zhenglong Cong, Zhen Dan and Tidong Zhang

Finance Research Letters, 2023, vol. 57, issue C

Abstract: This study investigate the causal relationship between COVID-19 and the performance of listed tourism companies and the moderating role of corporate social responsibility (CSR). We find a significant negative impact of the COVID-19 pandemic on the performance of listed tourism companies, and this conclusion holds even after a series of robustness tests. Heterogeneity analysis reveals that this negative impact is more pronounced in private Firm. The moderation effect results indicate that CSR mitigates the negative impact of the COVID-19 pandemic on their performance.

Keywords: COVID-19 pandemic; Tourism firm performance; CSR (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323005895

DOI: 10.1016/j.frl.2023.104217

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