The moderating effect of board size on the relationship between diversification and tourism firm performance
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Chen Zheng [1] ; Henry Tsai [1]
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[1] Hong Kong Polytechnic University
Hong Kong Polytechnic University
RAE de Hong Kong (China)
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- Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 25, Nº. 7, 2019, págs. 1084-1104
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
This study examines the effects of diversification strategy and board size on firm performance aswell as the moderating effect of board size on the relationship between diversification strategy andfirm performance in the Chinese tourism industry from 2008 to 2015. The results show thatrelated diversification positively influenced Chinese tourism firm performance, and unrelateddiversification negatively influenced it. Board size was found to negatively moderate the rela-tionship between related diversification and firm performance and to positively moderate therelationship between unrelated diversification and firm performance. In addition, the results implythat small boards are beneficial to Chinese tourism firms when both related and unrelateddiversification strategies are implemented.
