Blessing in Disguise? Environmental Shocks and Performance Enhancement

Agarwal, Sumit; Wang, Long; Yang, Zoe

doi:10.2139/ssrn.3218812

Cited by 6 publications

(4 citation statements)

References 61 publications

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“…The relationship between quality of environment and tourism becomes much more interesting and complex when the estimations utilize various metrics of tourism. In this context, some studies lay stress on individual visitors such as travel behaviour, travel intention, and destination choice (Becken et al, 2017), well-being and quality of life (Agarwal et al, 2018), visitors' satisfaction (Wu et al, 2018), and the image of destination (Peng and Xiao, 2018).…”

Section: Literature Review On Environmental Quality and Tourismmentioning

confidence: 99%

The Effects of Environmental Quality on Indonesia’s Inbound Tourism

Suharyono¹,

Digdowiseiso²

2020

IJEEP

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In recent years, Indonesia's inbound tourism grew slowly. This study examined the effects of quality of environment on inbound tourism in 32 provinces over the period 2009-2018. We utilized several indices of environmental quality such as water quality index (WQI), air quality index (AQI), and environmental quality index (EQI). Meanwhile, our dependent variable, inbound tourism, is measured in terms of incidence and duration of stay. Previous studies acknowledged that there was a potential endogeneity between quality of environment and tourism. Therefore, instrumental variable (IV) in a static panel dataset was carried out in the estimation. The results showed that both WQI and EQI were positively and significantly correlated with the demand for inbound travelers. Furthermore, we found that there was a positive and significant relationship between AQI and length of stay of inbound visitors.

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Section: Literature Review On Environmental Quality and Tourismmentioning

confidence: 99%

The Effects of Environmental Quality on Indonesia’s Inbound Tourism

Suharyono¹,

Digdowiseiso²

2020

IJEEP

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“…Only four studies (Agarwal et al , 2018; Peng and Xiao, 2018; Saura et al , 2018; Wu et al , 2018) examine the impact of AQ on visitor satisfaction. Factors influencing Chinese satisfaction with international self-drive holidays were analysed in Wu et al (2018).…”

Section: Resultsmentioning

confidence: 99%

“…Moreover, Peng and Xiao (2018) also observed that in the case of domestic tourists of Beijing, the perception of experience risk produced by smog could cause travel dissatisfaction. Furthermore, Agarwal et al (2018) examine whether hotel review scores provided by guests travelling in Singapore and Hong Kong in three online platforms – TripAdvisor.com, Agoda.com and Expedia.com – are influenced by haze episodes. Serious haze episodes showed to have a negative impact on online review scores, which reveals a decrease on guest satisfaction levels.…”

Section: Resultsmentioning

confidence: 99%

The impact of air quality on tourism: a systematic literature review

Eusébio

Carneiro

Madaleno

et al. 2020

JTF

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Purpose Tourism may have important positive and negative economic, socio-cultural and environmental impacts. However, cultural and natural resources are also the base to the development of competitive destinations and changes in these resources can have an important impact on tourism development. Despite the considerable literature regarding the impacts of tourism, a limited number of studies examine the impact of the environment on tourism, specifically the impact of air quality (AQ). Therefore, this paper aims to review what is known about the impact of AQ on tourism demand, analysing the different methods and approaches used, as well as the results obtained. Design/methodology/approach A systematic literature review method was used to examine the state of the art in this topic and identify research gaps and new research directions. Only 26 papers were identified that examine the impact of AQ on tourism demand. Findings The majority of the studies were carried out in China and investigate the impact of AQ on tourism from the perspective of tourism demand. Both global (tourism demand) and individual (tourist perceptions) approaches have been used to investigate the impact of AQ on tourism. Originality/value This is the first systematic literature review on the impact of outdoor AQ on tourism demand. Moreover, this paper analyses the methods and approaches that have been used in the literature to examine the impact of outdoor AQ on tourism demand. The paper ends with a discussion on the identified research gaps concerning the influence of AQ on tourism development.

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“…Given that exposure to toxic pollutants has adverse health effects, the opening of a toxic emitting plant could trigger the migration of workers from neighboring firms and this migration could harm the firm from which they are separating. While research shows that people migrate away from polluted areas (Chen, Oliva, and Zhan 2017) and shareholders, households, firms, and markets react to environmental factors (e.g., Flammer 2013;Agarwal Sing, and Yang 2019;Agarwal, Wang, and Yang 2019;Chang et al 2019;Li, Massa, Zhang, and Zhang 2019), we are unaware of systematic research into the impact of pollution on the migration of highly-valued employees and the resultant effects of those separations on their former firms.…”

Section: Introductionmentioning

confidence: 99%

Pollution and Human Capital Migration: Evidence from Corporate Executives

Levine

Lin

Wang

2018

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We study the impact of pollution on the migration of high human capital employees. We link data on the opening of toxic-emitting plants with the career paths of executives at S&P 1500 firms. We discover that toxic-emitting plant openings increase executive departures from neighboring firms with adverse effects on stock prices. The results: are larger when polluting plants and firms are geographically closer, hold only for executives physically-based at treated firms, hold only for the opening of polluting plants, do not reflect other local factors or prior stock price performance, and are larger among executives with more general human capital.

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Blessing in Disguise? Environmental Shocks and Performance Enhancement

Cited by 6 publications

References 61 publications

The Effects of Environmental Quality on Indonesia’s Inbound Tourism

The Effects of Environmental Quality on Indonesia’s Inbound Tourism

The impact of air quality on tourism: a systematic literature review

Pollution and Human Capital Migration: Evidence from Corporate Executives

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