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Biodiversity and the performance of tourism firms

Author

Listed:
  • Cheong, Chee Seng
  • Gao, Shangyi
  • Lun, Pide
  • Mihaylov, George
  • Zurbruegg, Ralf

Abstract

•Biodiversity impact reduction by listed tourism firms boosts financial performance.•The effect is stronger in firms pursuing a differentiation strategy.•Biodiversity impact reduction also helps preserve natural assets for firms.

Suggested Citation

  • Cheong, Chee Seng & Gao, Shangyi & Lun, Pide & Mihaylov, George & Zurbruegg, Ralf, 2024. "Biodiversity and the performance of tourism firms," Annals of Tourism Research, Elsevier, vol. 109(C).
    • Handle: RePEc:eee:anture:v:109:y:2024:i:c:s0160738324001191
    DOI: 10.1016/j.annals.2024.103842
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    References listed on IDEAS

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    1. Manfred Lenzen & Ya-Yen Sun & Futu Faturay & Yuan-Peng Ting & Arne Geschke & Arunima Malik, 2018. "The carbon footprint of global tourism," Nature Climate Change, Nature, vol. 8(6), pages 522-528, June.
    2. Ali Uyar & Mehmet Ali Koseoglu & Cemil Kuzey & Abdullah S Karaman, 2023. "Does firm strategy influence corporate social responsibility and firm performance? Evidence from the tourism industry," Tourism Economics, , vol. 29(5), pages 1272-1301, August.
    3. G. Andrew Karolyi & John Tobin‐de la Puente, 2023. "Biodiversity finance: A call for research into financing nature," Financial Management, Financial Management Association International, vol. 52(2), pages 231-251, June.
    4. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    5. Manfred Lenzen & Ya-Yen Sun & Futu Faturay & Yuan-Peng Ting & Arne Geschke & Arunima Malik, 2018. "Author Correction: The carbon footprint of global tourism," Nature Climate Change, Nature, vol. 8(6), pages 544-544, June.
    Full references (including those not matched with items on IDEAS)

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