Research Note: The Marketing—Finance Interface — A New Direction for Tourism and Hospitality Management

SooCheong (Shawn) Jang, Chun-Hung (Hugo) Tang, Kwangmin Park and Li-Tzang Hsu
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SooCheong (Shawn) Jang: School of Hospitality and Tourism Management, Purdue University, West Lafayette, IN 47907–0327, USA
Chun-Hung (Hugo) Tang: School of Hospitality and Tourism Management, Purdue University, West Lafayette, IN 47907–0327, USA
Kwangmin Park: Department of Food Service Management, College of Hospitality and Tourism, Sejong University, Seoul, South Korea
Li-Tzang Hsu: Department of Accounting, Kansas State University, Manhattan, KS 66506–1404, USA

Tourism Economics, 2013, vol. 19, issue 5, 1197-1206

Abstract: For the last several decades, marketing research and finance research have developed with little interconnection. Traditionally, marketing research has emphasized the product market and finance research has focused on firm profitability and shareholder value. However, contemporary management strategies increasingly seek to enhance profitability and shareholder value via marketing strategies, which suggests the need for further exploration of the connections between marketing efforts and financial performance. Despite this increased attention, little research in the academic fields of tourism and hospitality has focused on bridging marketing and finance. Thus, the main purpose of this study is to introduce the concept of the marketing–finance interface and to explain possible applications of the concept in tourism and hospitality management.

Keywords: marketing–finance interface; marketing performance; shareholder value; tourism and hospitality management; strategic management (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:19:y:2013:i:5:p:1197-1206

DOI: 10.5367/te.2013.0251

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