An empirical investigation into the driving effects of green transformation policies and media governance on high-quality development in tourism enterprises

Shuhong Zhao, Feixiang Lu and Liming Sun

Finance Research Letters, 2025, vol. 76, issue C

Abstract: Utilizing panel data from Chinese listed tourism enterprises between 2012 and 2022, this study empirically examined the relationship between green transformation policies, media governance, and high-quality enterprise development. The findings indicate that both green transformation policies and media governance positively influence high-quality enterprise development. Operating leverage acts as a mediator between green transformation policies and high-quality enterprise development. Moreover, the impact of green transformation policies on the high-quality development of tourism enterprises audited by the Big Four versus those audited by non-Big Four firms exhibits heterogeneity.

Keywords: Regional green transformation policy; Media governance; High-quality development of tourism enterprises (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:76:y:2025:i:c:s1544612325000406

DOI: 10.1016/j.frl.2025.106775

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