The impact of the dimensions of environmental performance on firm performance in travel and tourism industry
This study investigates the impact of the aggregate and individual dimensions of environmental performance (EP) on financial performance (FP), based on a dataset covering the travel and tourism industry (airlines, casinos, hotels, and restaurants) across different economic regions over the period 20...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/63474/ http://psasir.upm.edu.my/id/eprint/63474/1/The%20impact%20of%20the%20dimensions%20of%20environmental%20performance%20on%20firm%20performance%20in%20travel%20and%20tourism%20industry.pdf |
| _version_ | 1848854798233763840 |
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| author | Tan, Siow-Hooi Habibullah, Muzafar Shah Tan, Siow-Kian Choon, Shay-Wei |
| author_facet | Tan, Siow-Hooi Habibullah, Muzafar Shah Tan, Siow-Kian Choon, Shay-Wei |
| author_sort | Tan, Siow-Hooi |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study investigates the impact of the aggregate and individual dimensions of environmental performance (EP) on financial performance (FP), based on a dataset covering the travel and tourism industry (airlines, casinos, hotels, and restaurants) across different economic regions over the period 2003–2014. The results reveal that EP positively affects the FP in the hotel industry when aggregate EP is used. When individual dimensions of EP are considered, resource reduction is found to positively (negatively) affect the performance in the hotel (airline) industry, while product innovation positively affects the performance in the restaurant industry. Hence, the trade-off effect seems to be dominant in the airline industry, and the ‘heterogeneous resources and reputation-building’ hypothesis is evident in both the hotel and restaurant industries. In addition, in general, the findings support the positive moderating effect of slack resources on the relationship between the individual dimensions of EP and FP in the travel and tourism industry, and, hence, are supportive of the slack resources hypothesis. These effects, however, vary depending on the travel and tourism industry under investigation. |
| first_indexed | 2025-11-15T11:15:35Z |
| format | Article |
| id | upm-63474 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T11:15:35Z |
| publishDate | 2017 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-634742018-10-16T09:38:18Z http://psasir.upm.edu.my/id/eprint/63474/ The impact of the dimensions of environmental performance on firm performance in travel and tourism industry Tan, Siow-Hooi Habibullah, Muzafar Shah Tan, Siow-Kian Choon, Shay-Wei This study investigates the impact of the aggregate and individual dimensions of environmental performance (EP) on financial performance (FP), based on a dataset covering the travel and tourism industry (airlines, casinos, hotels, and restaurants) across different economic regions over the period 2003–2014. The results reveal that EP positively affects the FP in the hotel industry when aggregate EP is used. When individual dimensions of EP are considered, resource reduction is found to positively (negatively) affect the performance in the hotel (airline) industry, while product innovation positively affects the performance in the restaurant industry. Hence, the trade-off effect seems to be dominant in the airline industry, and the ‘heterogeneous resources and reputation-building’ hypothesis is evident in both the hotel and restaurant industries. In addition, in general, the findings support the positive moderating effect of slack resources on the relationship between the individual dimensions of EP and FP in the travel and tourism industry, and, hence, are supportive of the slack resources hypothesis. These effects, however, vary depending on the travel and tourism industry under investigation. Elsevier 2017-12-01 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/63474/1/The%20impact%20of%20the%20dimensions%20of%20environmental%20performance%20on%20firm%20performance%20in%20travel%20and%20tourism%20industry.pdf Tan, Siow-Hooi and Habibullah, Muzafar Shah and Tan, Siow-Kian and Choon, Shay-Wei (2017) The impact of the dimensions of environmental performance on firm performance in travel and tourism industry. Journal of Environmental Management, 203. 603 - 611. ISSN 0301-4797; ESSN: 1095-8630 https://www.sciencedirect.com/science/article/pii/S030147971730138X 10.1016/j.jenvman.2017.02.029 |
| spellingShingle | Tan, Siow-Hooi Habibullah, Muzafar Shah Tan, Siow-Kian Choon, Shay-Wei The impact of the dimensions of environmental performance on firm performance in travel and tourism industry |
| title | The impact of the dimensions of environmental performance on firm performance in travel and tourism industry |
| title_full | The impact of the dimensions of environmental performance on firm performance in travel and tourism industry |
| title_fullStr | The impact of the dimensions of environmental performance on firm performance in travel and tourism industry |
| title_full_unstemmed | The impact of the dimensions of environmental performance on firm performance in travel and tourism industry |
| title_short | The impact of the dimensions of environmental performance on firm performance in travel and tourism industry |
| title_sort | impact of the dimensions of environmental performance on firm performance in travel and tourism industry |
| url | http://psasir.upm.edu.my/id/eprint/63474/ http://psasir.upm.edu.my/id/eprint/63474/ http://psasir.upm.edu.my/id/eprint/63474/ http://psasir.upm.edu.my/id/eprint/63474/1/The%20impact%20of%20the%20dimensions%20of%20environmental%20performance%20on%20firm%20performance%20in%20travel%20and%20tourism%20industry.pdf |