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Tourism law, labor supply and corporate performance in tourism listed firms

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  • Shao, Jiang
  • Wang, Miao

Abstract

Enhancing the regulatory environment and enhancing the level of provision is a crucial approach to achieving sustainable growth in the tourism economy. This paper employs a DID model to analyze the effects of legal institution development on the performance of tourism firms. Specifically, it focuses on the Tourism Law of the People's Republic of China as a quasi-natural experiment. The study utilizes listed tourism firms from 2011-2021 as the research sample. The finding reveals that implementing tourism law can promote firms' financial and non-financial performance, especially non-financial performance. This impact operates mainly through the positive effect of labor supply.

Suggested Citation

  • Shao, Jiang & Wang, Miao, 2024. "Tourism law, labor supply and corporate performance in tourism listed firms," Finance Research Letters, Elsevier, vol. 68(C).
    • Handle: RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324010018
    DOI: 10.1016/j.frl.2024.105971
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    References listed on IDEAS

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    Cited by:

    1. Li, Yun & Qian, Jibing & Zhao, Huisha & Zhu, Mingxin, 2025. "Tourism law, enterprise agglomeration, and labor income," Finance Research Letters, Elsevier, vol. 76(C).
    2. Wei, Ming & Xu, Xingui, 2025. "The impact of local debt management on corporate ESG Performance: A quasi-natural experiment based on the new budget law," Finance Research Letters, Elsevier, vol. 74(C).

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