The hospitality sector has been one of the worst-hit industries due to onset COVID-19 pandemic, followed by nationwide lockdowns and curfews. Further, other factors, including Russia–Ukraine war, commodity price rise, recession, have acted as hurdles in slow recovery process. Policy experts at different forums advocated for proactive robust measures government reduce adverse impacts during thes...

Purpose – This study examines the relationships between a firm’s CSR activities and its performance and risk. We hypothesize that industry-level effects are highly determinant of the sign and magnitude of these relationships to establish a ranking of industries to identify the position of the most prominent tourism-related industries: hotels and airlines. Based on the cybernetic model of decisi...

Agency Theory as the dominant view of Corporate Governance disregards that the key task of firm governance is to generate, accumulate, transfer, and protect firm specific knowledge. Three different foundations to the theory of the firm which underpin different concepts of corporate governance are discussed: The traditional view of the firm as a nexus of contracts, the view of the firm as a nexu...

This paper investigates the effect of CFO gender on corporate financial reporting decision-making. Focusing on firms that experience changes of CFO from male to female, the paper compares the firms’ degree of accounting conservatism between preand post-transition periods. We find that female CFOs are more conservative in their financial reporting. In addition, we find that the relation between ...