Operating Performance of Tourism Listed Companies in China: The Perspective of Economic Value Added

Songtao Geng, Suyu Liu and Xuelin Liao

SAGE Open, 2021, vol. 11, issue 1, 2158244020981064

Abstract: This article uses economic value added (EVA) to analyze the sustainability of performance of tourism listed companies from 2013 to 2015. The Malmquist index is used for the analysis of different operating performance across various types of tourism listed companies. It is found that the operating performance of tourism listed companies in China is not satisfactory, as merely less than half of them have a positive EVA. This study also finds that for different types of tourism listed companies, a variety of strategies for improvement should be adopted. For example, commercial companies should pay attention to the new customer needs, and scenic area companies need to increase investment in technology.

Keywords: economic value added; tourism listed companies; operating performance; Malmquist index (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:sagope:v:11:y:2021:i:1:p:2158244020981064

DOI: 10.1177/2158244020981064

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