Information and communications technologies (ICTs) have been driving the digital revolution of all industries worldwide. Industrial convergence constitutes a new feature and trend of contemporary industrial development and has received extensive attention from the media and public. However, the interrelationship between the two concepts—industrial convergence and ICTs—remains under-researched. This paper aims to explore and evaluate the ICTs’ impact on industrial convergence by focusing on the interrelationship between culture and tourism. The study takes an industrial economics perspective with a specific focus on the multi-dimensional (direct, moderated, and threshold) effects. A research framework was suggested synthesizing three econometric models and encompassing three hypotheses. The research model was then empirically tested and validated through quantitative research using China’s provincial panel data from 2004 to 2018. The study’s findings indicate a positive influence/relationship between ICTs and market-oriented reforms in the culture and tourism industries’ convergence. Moreover, a positive labor-convergence relationship was found, while the negative government–convergence relationship was uncovered in control variables. Regarding the moderating effect, the interaction of ICTs and market-oriented reforms is positively correlated with industrial convergence. In addition, there is a single-threshold effect of consumer demand on the ICTs–convergence relationship. This article extends our knowledge in two ways by addressing the knowledge gap regarding the interrelationship between culture and tourism and by providing new insights into the influence of ICTs on this industrial convergence that has theoretical and practical implications.
This study provides a systematic review of the content of the hospitality and tourism literature on corporate governance. The purpose of this study is to identify gaps in the existing research and practice context and to provide guidance for future research. Based on 174 peer-reviewed articles published since 2000, this paper employs a content analysis approach to identify eight major themes explored by scholars. The study found that most previous research on corporate governance mechanisms in tourism was conducted in developed regions and mostly used quantitative research methods. Shareholder governance, board governance, executive compensation incentives, social responsibility governance, reputation themes and corporate governance provisions received more academic attention than the themes of organizational structure governance and information disclosure. The systematic review in this paper helps to consolidate the existing literature and make recommendations to promote the field of corporate governance research in the hospitality and tourism industry and to provide a reference for the industry.
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