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COVID-19, CSR, and performance of listed tourism companies

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  • Jin, Chengsheng
  • Cong, Zhenglong
  • Dan, Zhen
  • Zhang, Tidong

Abstract

This study investigate the causal relationship between COVID-19 and the performance of listed tourism companies and the moderating role of corporate social responsibility (CSR). We find a significant negative impact of the COVID-19 pandemic on the performance of listed tourism companies, and this conclusion holds even after a series of robustness tests. Heterogeneity analysis reveals that this negative impact is more pronounced in private Firm. The moderation effect results indicate that CSR mitigates the negative impact of the COVID-19 pandemic on their performance.

Suggested Citation

  • Jin, Chengsheng & Cong, Zhenglong & Dan, Zhen & Zhang, Tidong, 2023. "COVID-19, CSR, and performance of listed tourism companies," Finance Research Letters, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323005895
    DOI: 10.1016/j.frl.2023.104217
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    References listed on IDEAS

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