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An empirical investigation into the driving effects of green transformation policies and media governance on high-quality development in tourism enterprises

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  • Zhao, Shuhong
  • Lu, Feixiang
  • Sun, Liming

Abstract

Utilizing panel data from Chinese listed tourism enterprises between 2012 and 2022, this study empirically examined the relationship between green transformation policies, media governance, and high-quality enterprise development. The findings indicate that both green transformation policies and media governance positively influence high-quality enterprise development. Operating leverage acts as a mediator between green transformation policies and high-quality enterprise development. Moreover, the impact of green transformation policies on the high-quality development of tourism enterprises audited by the Big Four versus those audited by non-Big Four firms exhibits heterogeneity.

Suggested Citation

  • Zhao, Shuhong & Lu, Feixiang & Sun, Liming, 2025. "An empirical investigation into the driving effects of green transformation policies and media governance on high-quality development in tourism enterprises," Finance Research Letters, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:finlet:v:76:y:2025:i:c:s1544612325000406
    DOI: 10.1016/j.frl.2025.106775
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    References listed on IDEAS

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