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Corporate Governance in the Hospitality and Tourism Industry: Theoretical Foundations and Future Research
Journal of Hospitality & Tourism Research ( IF 4.2 ) Pub Date : 2021-05-13 , DOI: 10.1177/10963480211011718
Yuan Li 1 , Manisha Singal 2
Affiliation  

Although the importance of effective corporate governance for firm performance is recognized by scholars across hospitality and tourism (HT) as well as finance and general management fields, there seem to be several gaps, mixed findings, and conflicting results. To facilitate scholarly advancement, identify gaps in the current knowledge base, make suggestions for theory development, and provide direction for future research, we undertake a systematic review of research on corporate governance in the HT literature. Based on 120 peer-reviewed articles published since 1961, we identify 21 themes explored by scholars, and find that topics related to institutional ownership, determinants of executive compensation, board size, and merger and acquisition outcomes are commonly examined, whereas topics related to family ownership, debt, and regulation/law are seldom explored. Our comprehensive review contributes to the literature by synthesizing current knowledge and offering suggestions to scholars to extend corporate governance literature published in the HT field.



中文翻译:

酒店业和旅游业中的公司治理:理论基础和未来研究

尽管跨酒店和旅游业(HT)以及金融和一般管理领域的学者都认识到有效的公司治理对于公司绩效的重要性,但似乎存在一些差距,发现不一而致,并且结果相互矛盾。为了促进学术进步,发现当前知识库中的空白,为理论发展提供建议并为未来的研究提供方向,我们对HT文献中的公司治理研究进行了系统的综述。根据自1961年以来发表的120篇经同行评审的文章,我们确定了学者探索的21个主题,发现与机构所有权,高管薪酬决定因素,董事会规模以及并购成果相关的主题通常被审查,而与家族相关的主题则被广泛研究。所有权,债务,和法规/法律很少被探讨。我们的综合综述通过综合当前知识并为学者提供建议,以扩展在HT领域出版的公司治理文献,为文献做出了贡献。

更新日期:2021-05-13
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