The Effects of Creating Shared Value on the Hotel Performance

被引:27
作者
Angel Fernandez-Gamez, Manuel [1 ]
Manuel Gutierrez-Ruiz, A. [2 ]
Becerra-Vicario, Rafael [1 ]
Ruiz-Palomo, Daniel [1 ]
机构
[1] Univ Malaga, Dept Finance & Accounting, Campus El Ejido S-N, E-29071 Malaga, Spain
[2] Univ Malaga, PhD Program Mech Engn & Energy Efficiency, Campus Teatinos S-N, E-29071 Malaga, Spain
关键词
creating shared value; sustainable practices; partial least squares (PLS); hotel performance; SOCIAL-RESPONSIBILITY; VARIANCE; MODELS; CSR;
D O I
10.3390/su11061784
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The current literature on sustainable practices shows that social missions and economic achievement can be compatible. However, very few studies have offered a quantitative perspective on this relationship. This study presents the first empirical evidence of the effects of the creating shared value (CSV) principle on the performance of companies. Using a sample of Spanish hotels, the results suggest that companies that apply CSV achieve higher financial performance. These findings represent a substantial contribution to the literature and shed light on how to efficiently implement CSV practices to simultaneously achieve economic and social benefits.
引用
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页数:16
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