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- W3149489425 abstract "This study explores the influence of political risk on firms in the tourism industry. It addresses a research gap regarding the impact of political risk on firm-level performance and failure and uncovers the role of organizational slack in this relationship. Firm-level political risk is estimated from 2002 to 2019 financial data for firms across six tourism sectors in a developed economy, the United States. Such risk is found to be significantly associated with firm performance and business failure. From the perspectives of the resource-based view and the threat-rigidity hypothesis, the results support the moderating effects of absorbed and unabsorbed slack on links between risk, performance, and business failure. Given that the COVID-19 pandemic has highlighted the tourism industry’s vulnerability, this study will be of interest to tourism firms seeking to improve business sustainability and resilience." @default.
- W3149489425 created "2021-04-13" @default.
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- W3149489425 date "2021-06-01" @default.
- W3149489425 modified "2023-10-18" @default.
- W3149489425 title "Tourism Firms’ Vulnerability to Risk: The Role of Organizational Slack in Performance and Failure" @default.
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- W3149489425 doi "https://doi.org/10.1177/00472875211014956" @default.
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