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Digitalization, green transformation, and the high-quality development of Chinese tourism enterprises

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  • Li, Jing
  • Li, Yize

Abstract

Tourism enterprises, as an integral part of the service industry, are crucial for optimizing economic structures. This paper empirically tests the impact of digitalization and green transformation on the high-quality development of listed tourism companies in China's capital market. The results show that digitalization and greening significantly improve the high-quality development of tourism enterprises, with a notable synergistic effect between the two. Heterogeneity analysis indicates that the promotional effect of digitalization and green transformation on high-quality development is particularly evident in larger enterprises and those with lower financing constraints.

Suggested Citation

  • Li, Jing & Li, Yize, 2024. "Digitalization, green transformation, and the high-quality development of Chinese tourism enterprises," Finance Research Letters, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324006184
    DOI: 10.1016/j.frl.2024.105588
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    3. Li, Yong & Qin, Lulu & He, Zixiang, 2025. "Corporate green transformation and bankruptcy risk: Empirical evidence from Chinese manufacturing firms," Pacific-Basin Finance Journal, Elsevier, vol. 93(C).
    4. Huang, YongSheng & Huang, Zexuan, 2025. "Digital finance, green development and high-quality development of the tourism industry," Finance Research Letters, Elsevier, vol. 86(PA).
    5. Zhao, Zhe & Mao, Qi, 2025. "Who can survive under the pressure of “quality”? A study on the digital transformation and financial stability of tourism enterprises," Finance Research Letters, Elsevier, vol. 85(PE).
    6. Wang, Peigen & Wu, Xiaoxu, 2025. "Green credit and environmental protection investment for the high-quality development of the tourism industry," Finance Research Letters, Elsevier, vol. 85(PB).
    7. Xu, Xiaodan & Yu, Jiaohui, 2025. "The impact of culture and tourism integration on the high-quality development of the tourism industry: An analysis based on heterogeneity and threshold effects," Finance Research Letters, Elsevier, vol. 86(PA).
    8. Guo, Zitong & Yang, Guangfei & Wu, Wenjun, 2026. "Automatic synthesis of econometric empirical research results using large language model: A case study of digitalization-greening relationships," Technological Forecasting and Social Change, Elsevier, vol. 222(C).
    9. Yang, Wenjing & Tao, Lu & Li, Qingquan & Li, Feiyue & Du, Shiqi & Zhang, Yue & Gao, Chao & Fang, Xiaomeng & Zhang, Ziyang & Huang, Jingang & Xu, Xiaobin & Hou, Pingzhi & Tang, Junhong & Han, Wei, 2025. "Spatial-temporal evolution of coupling coordination development between circular economy and tourism in the eastern regions of China," Socio-Economic Planning Sciences, Elsevier, vol. 101(C).
    10. Jingjing Li & Bin Wen & Rumei Qiu, 2024. "Measuring the Ecoefficiency of Tourism in Typical Tourist Cities and Analyzing the Influencing Factors—Anhui Huangshan City as an Example," Sustainability, MDPI, vol. 16(23), pages 1-19, December.
    11. Liu, Zhilan & Li, Nan & Zhang, Yuxi, 2025. "The interaction between improvements of business environment, investor attention, and the high-quality development of tourism enterprises," International Review of Economics & Finance, Elsevier, vol. 102(C).

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