CSR, financial and non-financial performance in the tourism sector:: A systematic literature review and future research agenda

Ibrahim A Alatawi; Collins G. Ntim; Anis Zras; Mohamed H. Elmagrhi

doi:10.1016/j.irfa.2023.102734

CSR, financial and non-financial performance in the tourism sector: A systematic literature review and future research agenda

Ibrahim A Alatawi, Collins G. Ntim, Anis Zras, Mohamed H. Elmagrhi

Research output: Contribution to journal › Review article › peer-review

Abstract

This paper provides a comprehensive, international, multi-discipline and multi-methods systematic literature
review (SLR) of the existing corporate social responsibility (CSR) and corporate financial performance and non-financial performance measures research in tourism firms. The objective is to synthesise, appraise and extend
current understanding of the existing conceptual/theoretical/empirical literature on the relationship between
CSR and corporate financial and non-financial performance measures. We adopt a three-step SLR approach to
analyse/review one of the largest SLR datasets employed to-date, consisting of 140 multi-methods and theoretical CSR studies conducted globally across multiple disciplines over the 2004–2019 period, published in top ranked journals. Our findings are as follows. First, a large number of the existing studies are descriptive and/or
draw on single rather than multi-theoretical perspectives. Second, existing studies have focused mainly on how
CSR is related to financial performance measures to the neglect of non-financial performance measures. Third,
observable methodological limitations include the dearth of qualitative, mixed-methods and cross-cultural/
developing/country studies. Finally, we outline opportunities for future research.

Original language	English
Number of pages	25
Journal	International Review of Financial Analysis
Volume	89
Early online date	6 Jul 2023
DOIs	https://doi.org/10.1016/j.irfa.2023.102734
Publication status	Published - Oct 2023

Bibliographical note

Keywords

CSR
Corporate financial and non-financial performance measures
Corporate governance
Systematic literature review
Tourism firms

Access to Document

10.1016/j.irfa.2023.102734Licence: CC BY 4.0

Alatawietal_2023_VoR
Copyright © 2023 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Final published version, 4.81 MBLicence: CC BY 4.0

Cite this

@article{dc680f343afa49c78084935b84fb592d,

title = "CSR, financial and non-financial performance in the tourism sector:: A systematic literature review and future research agenda",

abstract = "This paper provides a comprehensive, international, multi-discipline and multi-methods systematic literature review (SLR) of the existing corporate social responsibility (CSR) and corporate financial performance and non-financial performance measures research in tourism firms. The objective is to synthesise, appraise and extend current understanding of the existing conceptual/theoretical/empirical literature on the relationship between CSR and corporate financial and non-financial performance measures. We adopt a three-step SLR approach to analyse/review one of the largest SLR datasets employed to-date, consisting of 140 multi-methods and theoretical CSR studies conducted globally across multiple disciplines over the 2004–2019 period, published in top ranked journals. Our findings are as follows. First, a large number of the existing studies are descriptive and/or draw on single rather than multi-theoretical perspectives. Second, existing studies have focused mainly on how CSR is related to financial performance measures to the neglect of non-financial performance measures. Third, observable methodological limitations include the dearth of qualitative, mixed-methods and cross-cultural/ developing/country studies. Finally, we outline opportunities for future research. ",

keywords = "CSR, Corporate financial and non-financial performance measures, Corporate governance, Systematic literature review, Tourism firms",

author = "Alatawi, {Ibrahim A} and Ntim, {Collins G.} and Anis Zras and Elmagrhi, {Mohamed H.}",

note = "Copyright {\textcopyright} 2023 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).",

year = "2023",

month = oct,

doi = "10.1016/j.irfa.2023.102734",

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AU - Alatawi, Ibrahim A

AU - Ntim, Collins G.

AU - Zras, Anis

AU - Elmagrhi, Mohamed H.

PY - 2023/10

Y1 - 2023/10

N2 - This paper provides a comprehensive, international, multi-discipline and multi-methods systematic literature review (SLR) of the existing corporate social responsibility (CSR) and corporate financial performance and non-financial performance measures research in tourism firms. The objective is to synthesise, appraise and extend current understanding of the existing conceptual/theoretical/empirical literature on the relationship between CSR and corporate financial and non-financial performance measures. We adopt a three-step SLR approach to analyse/review one of the largest SLR datasets employed to-date, consisting of 140 multi-methods and theoretical CSR studies conducted globally across multiple disciplines over the 2004–2019 period, published in top ranked journals. Our findings are as follows. First, a large number of the existing studies are descriptive and/or draw on single rather than multi-theoretical perspectives. Second, existing studies have focused mainly on how CSR is related to financial performance measures to the neglect of non-financial performance measures. Third, observable methodological limitations include the dearth of qualitative, mixed-methods and cross-cultural/ developing/country studies. Finally, we outline opportunities for future research.

AB - This paper provides a comprehensive, international, multi-discipline and multi-methods systematic literature review (SLR) of the existing corporate social responsibility (CSR) and corporate financial performance and non-financial performance measures research in tourism firms. The objective is to synthesise, appraise and extend current understanding of the existing conceptual/theoretical/empirical literature on the relationship between CSR and corporate financial and non-financial performance measures. We adopt a three-step SLR approach to analyse/review one of the largest SLR datasets employed to-date, consisting of 140 multi-methods and theoretical CSR studies conducted globally across multiple disciplines over the 2004–2019 period, published in top ranked journals. Our findings are as follows. First, a large number of the existing studies are descriptive and/or draw on single rather than multi-theoretical perspectives. Second, existing studies have focused mainly on how CSR is related to financial performance measures to the neglect of non-financial performance measures. Third, observable methodological limitations include the dearth of qualitative, mixed-methods and cross-cultural/ developing/country studies. Finally, we outline opportunities for future research.

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KW - Corporate financial and non-financial performance measures

KW - Corporate governance

KW - Systematic literature review

KW - Tourism firms

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