COVID-19, CSR, and performance of listed tourism companies

This study investigate the causal relationship between COVID-19 and the performance of listed tourism companies and the moderating role of corporate social responsibility (CSR). We find a significant negative impact of the COVID-19 pandemic on the performance of listed tourism companies, and this conclusion holds even after a series of robustness tests. Heterogeneity analysis reveals that this negative impact is more pronounced in private Firm. The moderation effect results indicate that CSR mitigates the negative impact of the COVID-19 pandemic on their performance.

Automated summary

This study examines the causal relationship between COVID-19 and the performance of listed tourism companies, and explores the moderating effect of corporate social responsibility (CSR). The findings suggest that the COVID-19 pandemic has a significant negative impact on the performance of listed tourism companies, particularly in private firms. However, corporate social responsibility helps alleviate this negative impact.