Resumen de Does firms’ CSR engagement support tourism sector development? Moderation effect of CSR committee and CEO duality

Ali Uyar, Cemil Kuzey, Merve Kilic, Abdullah S Karaman

• The study tests whether the hospitality and tourism (H&T) sector’s corporate social responsibility (CSR) engagement supports tourism sector development and investigates whether CSR committee and CEO duality moderate this relationship. The data was retrieved from the Thomson Reuters Eikon and the World Bank databases covering the years between 2002 and 2019, and Fixed-Effects panel data regression analysis was executed. The results show that the environmental and social performance of H&T firms improves tourist arrivals and tourism receipts. Moreover, the first moderation analysis showed that CSR committees’ existence makes a significant difference in connecting only environmental practices to the tourism sector development. The second moderation analysis indicated that CEO duality moderates the association between CSR performance and the tourism sector development depending on the CSR dimension. While moderation does not exist for environmental indicators, it exists for social and governance indicators. The findings suggest several theoretical and practical implications for H&T firms and associated governmental and nongovernmental organizations.