Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
August 2, 2026Cornell Hospitality QuarterlyOpen Access

Reputation Versus Legitimacy: A Temporal Perspective of Environmental, Social, and Governance Effects on Financial Performance in the Hospitality Industry

View Full Paper
Ask AI
Bookmark
Share

Authors

ECElisa K. ChanChinese University of Hong KongKCKa Shing CheungUniversity of AucklandALAaron A. LiHong Kong University of Science and Technology

Discussion

Loading...

Member takes

Implication

Mixed-method study examines how environmental, social, and governance ratings impact financial performance in hospitality, highlighting their distinct roles.

Key Points

  • This research aims to differentiate the effects of environmental, social, and governance ratings on financial performance in the hospitality sector.
  • Mixed-method approach combining Bloomberg ESG data and expert investor surveys.
  • Analysis of independent effects of environmental, social, and governance ratings on operating performance and market valuation.
  • Environmental and social ratings show positive correlations with current operating performance and future market valuation.
  • Governance ratings positively correlate with current performance but negatively with future market valuation.

Cite This Study

Chan et al. (2026) studied this question.

synapsesocial.com/papers/6a6efa8d1b0468a7eeab4825https://doi.org/10.1177/19389655261470718
View Full Paper
Ask AI
Bookmark
Share

Also Consider

Synapse has enriched 3 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Market Uncertainty and the Social Character of Economic Exchange1994 · 1,346 citations
  2. 2Institutionalized Organizations: Formal Structure as Myth and Ceremony1977 · 28,231 citations
  3. 3Organizational Innovations in a Long-Term Perspective: Legitimacy and Souls-of-Fire as Critical Factors of Change and Viability1993 · 89 citations