Journal article
Accountability via social and financial performance of the hospitality sector: The role of market orientation
Society and Business Review, Vol.16(2), pp.238-254
2020
Abstract
Purpose
This study aims to examine the three dimensions of market orientation, namely, customer orientation, competitor orientation and inter-function coordination, which influence the accountability in the financial and social performance of tourism operators in large touristic cities.
Design/methodology/approach
In total, 95 usable questionnaires as the required data were collected from the top managers of four- and five-star hotels in Iran.
Findings
Partial least squares (PLS) results confirm that customer orientation and inter-function coordination influence both the financial and social performance of the hospitality sector yet reveal that competitor orientation has no significant relationship with social performance.
Research limitations/implications
These findings not only highlight the compatibility of PLS with various forms of statistical analyzes but also furthers the current understanding of hospitality networks in megacity economies, where literature are scarce.
Practical implications
The findings of this study can help policymakers, tourism associations and practitioners enhance the accountability and sustainable financial and social performance of the hospitality industry in megacities. This study proposes some unique measurements for the social and financial performance of the hospitality sectors.
Originality/value
The paper states some new measurements for the social performance of the hospitality sectors. In addition, measuring the impacts of market orientation on the financial and social aspects of hotels is totally unique.
Details
- Title
- Accountability via social and financial performance of the hospitality sector: The role of market orientation
- Authors/Creators
- S. Kazemian (Author/Creator)H.G. Djajadikerta (Author/Creator)S. Mat Roni (Author/Creator)T. Trireksani (Author/Creator)Z. Mohd-Sanusi (Author/Creator)
- Publication Details
- Society and Business Review, Vol.16(2), pp.238-254
- Publisher
- Emerald Publishing Limited
- Identifiers
- 991005544953607891
- Copyright
- © 2020 Emerald Publishing Limited
- Murdoch Affiliation
- Do not use- Former Murdoch Business School
- Language
- English
- Resource Type
- Journal article
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