TOWARDS MAPPING ENVIRONMENTAL PERFORMANCE AND FINANCIAL PERFORMANCE A PRIMER FROM THE HOSPITALITY & TOURISM INDUSTRY
Journal Title: Delhi Business Review: An International Journal of SHTR - Year 2015, Vol 16, Issue 1
Abstract
Purpose: There is increasing discussion of the way in which corporate social responsibility of firms is assessed in terms of their financial performance. This study aims to review the hospitality industry corporate social responsibility and financial performance literature, thereby providing a conceptual framework for visualizing understanding corporate performance in terms of social performance. Design/Methodology/Approach: A comprehensive and extensive literature review helps develop a framework for examining the environmental and financial performance of the hospitality industry. Findings: Given the growing importance of both financial and non-financial disclosures in the decision making processes of stakeholders, it is important that firms’ performance on both constructs are assessed and presented in a manner that can be easily understood and interpreted by prudent stakeholders. A better understanding of how these dimensions interact with each other that can be used to present stakeholders with a visual map of performance on both the dimensions. Originality/Value: The study attempts to fill the gaps in the discussion of the way in which corporate social responsibility and financial performance of hospitality industry is developed. A research framework embedded with visualization of CSR and financial performance is proposed. Critical research questions about the impact of CSR on financial performance has been identified.
Authors and Affiliations
Dipendra Singh, Leonard A. Jackson
Keywords
Related Articles
- EP ID EP569408
- DOI -
- Views 130
- Downloads 0
CAPITAL ASSET PRICING MODEL (CAPM) AND INDIAN STOCK MARKET WITH AUTOREGRESSIVE INTEGRATED MOVING AVERAGE MODEL
THE objective of this study is to empirically investigate the applicability of CAPM for some selected stocks listed in the Bombay Stock Exchange (BSE) over the period January, 2014 – August, 2015. More specifically, the...
The Evaluation of Strategic Management Implementation in Agricultural Enterprises in the Slovak Republic
Purpose: The main objective of this paper is to evaluate the implementation of strategic management in selected agricultural enterprises in the Slovak Republic. Design /Methodology/Approach: Qualitative data have been co...
BLOCKCHAIN TECHNOLOGY- APPLICATION IN INDIAN BANKING SECTOR
Banking and technology are very closely associated and innovations have changed the framework of banking process drastically. The digital innovations in the banking sector started with the introduction of money that repl...
POLITICAL SERVICES MARKETING FOR PEACEFUL WORLD
THE aim of this research is to find the scope of using non-profit marketing tools and techniques in politics to win maximum voter-market share peacefully for power as it is found in industry competition for becoming a...
AN EMPIRICAL STUDY OF TESTING FINANCIAL INTGRATION BETWEEN INDIAN AND NEW YORK STOCK MARKET
The present paper made an attempt to investigate financial integration between NSE and NYSE stock market taking daily closing index of NYSE and NSE. A saying goes like, when America sneezes, world catches cold. Therefore...