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The Spatiotemporal Patterns and Driving Factors of Culture and Tourism Listed Companies in China

Author

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  • Wenjie Hu

    (School of Geography and Ocean Science, Nanjing University, Nanjing 210023, China
    Huangshan Park Ecosystem Observation and Research Station, Ministry of Education, Huangshan 245899, China)

  • Jinhe Zhang

    (School of Geography and Ocean Science, Nanjing University, Nanjing 210023, China
    Huangshan Park Ecosystem Observation and Research Station, Ministry of Education, Huangshan 245899, China)

  • Leying Zhou

    (School of Geography and Ocean Science, Nanjing University, Nanjing 210023, China
    Huangshan Park Ecosystem Observation and Research Station, Ministry of Education, Huangshan 245899, China)

  • Yi Sun

    (School of Geography and Ocean Science, Nanjing University, Nanjing 210023, China
    Huangshan Park Ecosystem Observation and Research Station, Ministry of Education, Huangshan 245899, China)

Abstract

The integration of culture and tourism is the key measure for China in transforming and upgrading the tourism industry. It could promote the sustainable development by reducing the consumption of tourism resources. During the implementation of this policy, culture and tourism listed companies play a leading role, as they are the major force in the cultural and tourism industry, and their spatiotemporal characteristics shows the level of development of the cultural and tourism industry and the economy in different regions. Taking the culture and tourism companies as the research objects, this paper analyzed the spatiotemporal patterns and evolution mechanism of culture and tourism listed companies over a long time scale. The results showed that: (1) the number of newly added listed companies in the cultural, tourism, and cultural and tourism categories basically showed the same change trend, and the developing process could be divided into three periods, namely embryonic (1978–1992), exploration (1992–2006) and growth (2007–2021). (2) The spatial distribution of Chinese culture and tourism listed companies developed from “single core” to “one core and multiple stars”, and gradually stabilized into a spatial pattern of “three cores”. The center of gravity was located in the southeast of China, moving from south to north in the shape of a “Z”. (3) Traffic service, government financial strength, financial environment and tourism resource endowment are the main factors affecting the spatial distribution of Chinese culture and tourism listed companies. Compared with the impact of a single influencing factor, the interactions between various factors are much stronger, especially the combinations of tourism resource endowment and another three factors, namely traffic service, communication development and economic development.

Suggested Citation

  • Wenjie Hu & Jinhe Zhang & Leying Zhou & Yi Sun, 2023. "The Spatiotemporal Patterns and Driving Factors of Culture and Tourism Listed Companies in China," Sustainability, MDPI, vol. 15(9), pages 1-18, May.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:9:p:7686-:d:1141402
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    References listed on IDEAS

    as
    1. Deyu Meng & Guoen Wei & Pingjun Sun, 2020. "Analyzing the Characteristics and Causes of Location Spatial Agglomeration of Listed Companies: An Empirical Study of China’s Yangtze River Economic Belt," Complexity, Hindawi, vol. 2020, pages 1-14, December.
    2. Gianluca Marcato & Stanimira Milcheva & Chen Zheng, 2018. "Urban Economic Openness and IPO Underpricing," The Journal of Real Estate Finance and Economics, Springer, vol. 56(3), pages 325-351, April.
    3. Ruiying Kuang & Yingying Zuo & Shen Gao & Penghua Yin & Yiting Wang & Zixi Zhang & Shiman Cai & Na Li, 2023. "Research on the Spatial Distribution Characteristics and Influencing Factors of Central China’s Intangible Cultural Heritage," Sustainability, MDPI, vol. 15(7), pages 1-14, March.
    4. Dan Yuan & Runhan Wu & Dong Li & Lei Zhu & Yaguang Pan, 2023. "Spatial Patterns Characteristics and Influencing Factors of Cultural Resources in the Yellow River National Cultural Park, China," Sustainability, MDPI, vol. 15(8), pages 1-18, April.
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