The Effect of Tourism Expansion on Firm Performance: Evidence from Japan Evidence from Japan



Abstract Views
223

Downloads
303

Citations

Share

##plugins.themes.bootstrap3.article.sidebar##

Submitted Apr 26, 2021
Published Oct 31, 2021
10.24018/ejbmr.2021.6.5.863

Abstract viewed = 223 times

Table of Contents

##plugins.themes.bootstrap3.article.main##

This article examines whether an increase in tourism has a direct impact on tourism and tourism-related companies in Japan. Tourism expansion is theoretically assumed to have a direct influence on tourism companies, and previous studies have found the connection between tourism expansion and tourism companies. This chapter considers ROA and ROE as company performance indicators and the changes in the number of foreign tourists as the measurement of tourism expansion. The effects of tourism expansion on corporate performance are examined by a random effect in panel regression analysis. However, the results are not supported by current theories. The research shows that tourism expansion does not have a significant impact on the Japanese tourism industry. The empirical findings offer valuable information on the future of the tourism-based Country Promotion Basic Act for Japanese government policymakers, and experts in related industries.

Keywords: firm performance, tourism expansion

Downloads

Download data is not yet available.

References

  1. W. Skinner, “Manufacturing-missing link in corporate strategy,” 1969.
     Google Scholar
  2. P. M. Swamidass, W. T. Newell, “Manufacturing strategy, environmental uncertainty and performance: a path analytic model,” Management science, vol. 33, no. 4, pp. 509–524, 1987.
     Google Scholar
  3. S. K. Vickery, C. Droge, R. E. Markland, “Production competence and business strategy: do they affect business performance?” Decision Sciences, vol. 24, no. 2, pp. 435–456.
     Google Scholar
  4. P. T. Ward, G. K. Leong, K. K. Boyer, “Manufacturing proactiveness and performance,” Decision Sciences, vol. 25, no. 3, pp. 337–358, 1994.
     Google Scholar
  5. G. Zervas, D. Proserpio, J. W. Byers, “The rise of the sharing economy: Estimating the impact of Airbnb on the hotel industry,” Journal of marketing research, vol. 54, no. 5, pp. 687–705, 2017.
     Google Scholar
  6. P. E. Okoh, J. C. Munene, “The Organisation Dynamics, Environment Size, Managerial Values and Decision Choice”, Nigeria, 1986.
     Google Scholar
  7. K. Obasan, “Small Business Management: An Entrepreneurial Approach”, Higher Education Books Publishers, Lagos, 2001.
     Google Scholar
  8. L. Osuagwu, “Small business and entrepreneurship management,” GreyResources Limited, Lagos, 2001.
     Google Scholar
  9. O. J. K. Ogundele, “Management and Organisation: Theory and Behaviour,” Sabte Book Series, Lagos, Nigeria, 2005.
     Google Scholar
  10. Z. Bodie, A. Kane, A. J. Marcus, P. Mohanty, Investments (SIE). McGraw-Hill Education, 2008.
     Google Scholar
  11. M. H. Chen, “The economy, tourism growth and corporate performance in the Taiwanese hotel industry,” Tourism Management, vol. 31, no. 5, pp. 665–675, 2010.
     Google Scholar
  12. H. J. Kim, M. H. Chen, “Tourism expansion and economic development: The case of Taiwan,” Tourism management, vol. 27, no. 5, pp. 925–933, 2006.
     Google Scholar
  13. C. C. Lee, C. P. Chang, “Tourism development and economic growth: a closer look at panels,” Tourism Management, vol. 29, no. 1, pp. 180–192, 2008.
     Google Scholar
  14. S. Proenca, E. Soukiazis, “Tourism as an economic growth factor: a case study for Southern European countries,” Tourism Economics, vol. 14, no. 4, pp. 791–806, 2008.
     Google Scholar
  15. I. C. Graham, P. J. Harris, “Development of a profit planning framework in an international hotel chain: a case study,” International Journal of Contemporary Hospitality Management, vol. 11, no. 5, pp. 198-208, 1999.
     Google Scholar
  16. L. Gunduz, J. A. Hatemi, “Is the tourism-led growth hypothesis valid for Turkey?” Applied Economics Letters, vol. 12, no. 8, pp. 499–504, 2005.
     Google Scholar
  17. S. C. Jang, M. H. Chen, “Financial portfolio approach to optimal tourist market mixes,” Tourism Management, vol. 29, no. 4, pp. 761–770, 2008.
     Google Scholar
  18. A. Barua, P. Konana, A. B. Whinston, F. Yin, “An empirical investigation of net-enabled business value,” MIS quarterly, vol. 28. no. 4, pp. 585–620, 2004.
     Google Scholar
  19. S. Li, B. Ragu-Nathan, T. S. Ragu-Nathan, S. S. Rao, “The impact of supply chain management practices on competitive advantage and organizational performance,” Omega, vol. 34, no. 2, pp. 107–124, 2006.
     Google Scholar