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Operating Performance of Tourism Listed Companies in China: The Perspective of Economic Value Added

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  • Songtao Geng
  • Suyu Liu
  • Xuelin Liao

Abstract

This article uses economic value added (EVA) to analyze the sustainability of performance of tourism listed companies from 2013 to 2015. The Malmquist index is used for the analysis of different operating performance across various types of tourism listed companies. It is found that the operating performance of tourism listed companies in China is not satisfactory, as merely less than half of them have a positive EVA. This study also finds that for different types of tourism listed companies, a variety of strategies for improvement should be adopted. For example, commercial companies should pay attention to the new customer needs, and scenic area companies need to increase investment in technology.

Suggested Citation

  • Songtao Geng & Suyu Liu & Xuelin Liao, 2021. "Operating Performance of Tourism Listed Companies in China: The Perspective of Economic Value Added," SAGE Open, , vol. 11(1), pages 21582440209, January.
    • Handle: RePEc:sae:sagope:v:11:y:2021:i:1:p:2158244020981064
    DOI: 10.1177/2158244020981064
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    References listed on IDEAS

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    1. Bertella, Giovanna, 2020. "Re-thinking sustainability and food in tourism," Annals of Tourism Research, Elsevier, vol. 84(C).
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    Cited by:

    1. Mihaela Brindusa Tudose & Valentina Diana Rusu & Silvia Avasilcai, 2021. "Performance Management for Growth: A Framework Based on EVA," JRFM, MDPI, vol. 14(3), pages 1-19, March.
    2. Tri Minh Ha & Thanh Thi Huong Nguyen & Do Giang Nguyen & Hoai Thi Tran, 2024. "Strengthening information-seeking behavior toward international destinations among young travelers in Vietnam after the pandemic," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 14(3), pages 18-43.

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