IDEAS home Printed from https://ideas.repec.org/a/fan/macoma/vhtml10.3280-maco2023-001005.html
   My bibliography  Save this article

Le politiche pubbliche a sostegno della crisi da COVID-19 nel settore turistico: un?analisi esplorativa

Author

Listed:
  • Elisabetta Reginato
  • Francesca Cabiddu
  • Patrizia Modica

Abstract

The tourism sector worldwide is one of the hardest-hit by the COVID-19 crisis. In a context of economic disruption, the support of governments plays a fundamental role in the recovery of the hospitality sector. Using an exploratory study, this paper tries to evaluate the impact of the pandemic phenomenon on the Italian tourism sector. It provides a first exploratory analysis on how the sector operators perceive the effectiveness of the public policies adopted to cope the crisis. To this end the research is based on a multiple case study of a sample of tourism enterprises oper-ating in the Sardinian areas with the highest tourist vocation. Research findings are substantially in line with other authors regarding the ineffec-tiveness of the public measures, considered too late and quantitatively inadequate to support the recovery of tourism enterprises. What emerged clearly from the pre-sent analysis is that, without an appropriate managerial response and direct and timely economic policy, the consequences of a crisis, such as the pandemic, could prevent sectors, like tourism, from recovering. However, the study offers relevant insights to public decision makers about the sector operator believes. In particular, it suggests that the most suitable public poli-cies are those in support of liquidity and tourism demand.

Suggested Citation

  • Elisabetta Reginato & Francesca Cabiddu & Patrizia Modica, 2023. "Le politiche pubbliche a sostegno della crisi da COVID-19 nel settore turistico: un?analisi esplorativa," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(1), pages 95-118.
  • Handle: RePEc:fan:macoma:v:html10.3280/maco2023-001005
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=72936&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Cró, Susana & Martins, António Miguel, 2017. "Structural breaks in international tourism demand: Are they caused by crises or disasters?," Tourism Management, Elsevier, vol. 63(C), pages 3-9.
    2. Breitsohl, Jan & Garrod, Brian, 2016. "Assessing tourists' cognitive, emotional and behavioural reactions to an unethical destination incident," Tourism Management, Elsevier, vol. 54(C), pages 209-220.
    3. Stefano Ramelli & Alexander F. Wagner, 2020. "Feverish Stock Price Reactions to COVID-19," Swiss Finance Institute Research Paper Series 20-12, Swiss Finance Institute.
    4. Giliberto Capano & Michael Howlett & Darryl S L Jarvis & M Ramesh, 2022. "Long-term policy impacts of the coronavirus: normalization, adaptation, and acceleration in the post-COVID state [Racial, economic, and health inequality and COVID-19 infection in the United States," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(1), pages 1-12.
    5. Ding, Wenzhi & Levine, Ross & Lin, Chen & Xie, Wensi, 2021. "Corporate immunity to the COVID-19 pandemic," Journal of Financial Economics, Elsevier, vol. 141(2), pages 802-830.
    6. Ritchie, Brent W. & Jiang, Yawei, 2019. "A review of research on tourism risk, crisis and disaster management: Launching the annals of tourism research curated collection on tourism risk, crisis and disaster management," Annals of Tourism Research, Elsevier, vol. 79(C).
    7. Glenn McCartney, 2021. "The impact of the coronavirus outbreak on Macao. From tourism lockdown to tourism recovery," Current Issues in Tourism, Taylor & Francis Journals, vol. 24(19), pages 2683-2692, October.
    8. Rosa Lombardi, 2021. "Le dimensioni della conoscenza aziendale. Profili di investigazione tra crisi pandemica ed economia digitale," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(3), pages 5-14.
    9. Wagner, Alexander F. & Ramelli, Stefano, 2020. "Feverish Stock Price Reactions to COVID-19," CEPR Discussion Papers 14511, C.E.P.R. Discussion Papers.
    10. Luciano Marchi, 2020. "Dalla crisi allo sviluppo sostenibile. Il ruolo dei sistemi di misurazione e controllo," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2020(3), pages 5-16.
    11. Yang, Yang & Zhang, Hongru & Chen, Xiang, 2020. "Coronavirus pandemic and tourism: Dynamic stochastic general equilibrium modeling of infectious disease outbreak," Annals of Tourism Research, Elsevier, vol. 83(C).
    12. Stefano Ramelli & Alexander F Wagner, 2020. "Feverish Stock Price Reactions to COVID-19," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 9(3), pages 622-655.
    13. Arjen Boin & Paul ‘t Hart, 2022. "From crisis to reform? Exploring three post-COVID pathways [Institutional crises and reforms in policy sectors: The case of asylum policy in Europe]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(1), pages 13-24.
    14. Armenia ANDRONICEANU, 2020. "Major Structural Changes In The Eu Policies Due To The Problems And Risks Caused By Covid-19," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(34), pages 137-149, June.
    15. Fong, Lawrence Hoc Nang & Law, Rob & Ye, Ben Haobin, 2021. "Outlook of tourism recovery amid an epidemic: Importance of outbreak control by the government," Annals of Tourism Research, Elsevier, vol. 86(C).
    16. Sigala, Marianna, 2020. "Tourism and COVID-19: Impacts and implications for advancing and resetting industry and research," Journal of Business Research, Elsevier, vol. 117(C), pages 312-321.
    17. Lina Zhong & Sunny Sun & Rob Law & Xiaonan Li, 2021. "Tourism crisis management: evidence from COVID-19," Current Issues in Tourism, Taylor & Francis Journals, vol. 24(19), pages 2671-2682, October.
    18. Mariana Mazzucato & Rainer Kattel, 2020. "COVID-19 and public-sector capacity," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 36(Supplemen), pages 256-269.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Al-Nassar, Nassar S. & Yousaf, Imran & Makram, Beljid, 2023. "Spillovers between positively and negatively affected service sectors from the COVID-19 health crisis: Implications for portfolio management," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    2. Maneenop, Sakkakom & Kotcharin, Suntichai, 2020. "The impacts of COVID-19 on the global airline industry: An event study approach," Journal of Air Transport Management, Elsevier, vol. 89(C).
    3. Ferriani, Fabrizio, 2023. "Issuing bonds during the Covid-19 pandemic: Was there an ESG premium?," International Review of Financial Analysis, Elsevier, vol. 88(C).
    4. Ștefan Cristian Gherghina & Daniel Ștefan Armeanu & Camelia Cătălina Joldeș, 2020. "Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis," IJERPH, MDPI, vol. 17(18), pages 1-35, September.
    5. Ducret, Romain, 2021. "Investors' perception of business group membership during an economic crisis : Evidence from the COVID-19 pandemic," FSES Working Papers 524, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
    6. Andrieș, Alin Marius & Ongena, Steven & Sprincean, Nicu, 2021. "The COVID-19 Pandemic and Sovereign Bond Risk," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    7. Augustin Landier & David Thesmar, 2020. "Earnings Expectations in the COVID Crisis," NBER Working Papers 27160, National Bureau of Economic Research, Inc.
    8. Banerjee, Pradip & Dhole, Sandip & Mishra, Sagarika, 2023. "Operating performance during the COVID-19 pandemic: Is there a business group advantage?," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    9. Barry, John W. & Campello, Murillo & Graham, John R. & Ma, Yueran, 2022. "Corporate flexibility in a time of crisis," Journal of Financial Economics, Elsevier, vol. 144(3), pages 780-806.
    10. Michal Bernardelli & Zbigniew Korzeb & Pawel Niedziolka, 2021. "The banking sector as the absorber of the COVID-19 crisis’ economic consequences: perception of WSE investors," Oeconomia Copernicana, Institute of Economic Research, vol. 12(2), pages 335-374, June.
    11. Stanimira Milcheva, 2022. "Volatility and the Cross-Section of Real Estate Equity Returns during Covid-19," The Journal of Real Estate Finance and Economics, Springer, vol. 65(2), pages 293-320, August.
    12. Harrison Hong & Jeffrey D. Kubik & Neng Wang & Xiao Xu & Jinqiang Yang, 2020. "Pandemics, Vaccines and an Earnings Damage Function," NBER Working Papers 27829, National Bureau of Economic Research, Inc.
    13. Bejaoui, Azza & Mgadmi, Nidhal & Moussa, Wajdi, 2022. "On the relationship between Bitcoin and other assets during the outbreak of coronavirus: Evidence from fractional cointegration analysis," Resources Policy, Elsevier, vol. 77(C).
    14. Puhr, Harald & Müllner, Jakob, 2022. "Foreign to all but fluent in many: The effect of multinationality on shock resilience," Journal of World Business, Elsevier, vol. 57(6).
    15. Hao, Xiangchao & Sun, Qinru & Xie, Fang, 2022. "The COVID-19 pandemic, consumption and sovereign credit risk: Cross-country evidence," Economic Modelling, Elsevier, vol. 109(C).
    16. Hassan, M. Kabir & Houston, Reza & Karim, M.Sydul & Sabit, Ahmed, 2023. "CEO duality and firm performance during the 2020 coronavirus outbreak," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    17. Fariha Jahan & Jungmu Kim, 2023. "Does the Shield Effect of CSR Work in Crises? Evidence in Korea," Sustainability, MDPI, vol. 15(11), pages 1-18, June.
    18. Alberto Barroso del Toro & Laura Vivas Crisol & Xavier Tort-Martorell, 2022. "Comparing the Impacts of Sustainability Narratives on American and European Energy Shareholders: A Multi-Event Study Analysing Reactions to News before and during COVID-19," Sustainability, MDPI, vol. 14(23), pages 1-18, November.
    19. Liao, Shushu, 2021. "The effect of credit shocks in the context of labor market frictions," Journal of Banking & Finance, Elsevier, vol. 125(C).
    20. Omrane Guedhami & April Knill & William L. Megginson & Lemma W. Senbet, 2022. "The dark side of globalization: Evidence from the impact of COVID-19 on multinational companies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(8), pages 1603-1640, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:macoma:v:html10.3280/maco2023-001005. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=166 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.