Environmental certification and hotel market value

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dc.contributor.authorBernard, Shanielen
dc.contributor.authorNicolau, Juan Luisen
dc.date.accessioned2021-12-20T18:43:56Zen
dc.date.available2021-12-20T18:43:56Zen
dc.date.issued2022-02-01en
dc.date.updated2021-12-20T18:43:53Zen
dc.description.abstractTo counteract the negative publicity derived from environmental impacts and avoid potential “greenwashing” accusations, hotels resort to third-party entities to certify their commitment to the environment. The objective of this study is to analyze the effect of environmental certifications on hotels’ market value. To fill this gap in the literature, this empirical study detects all announcements of environmental awards ever made by major publicly traded hotels in the United States. The findings show that environmental certification has a positive effect on hotels’ market value (reducing the effects of the alluded negative publicity); that this positive effect is higher for first-time awards; and that a U-shaped effect exists for subsequent awards. Managerial implications for hotels’ engagement in environmental awards are described.en
dc.description.versionAccepted versionen
dc.format.extentPages 103129-103129en
dc.format.mimetypeapplication/pdfen
dc.identifier103129 (Article number)en
dc.identifier.doihttps://doi.org/10.1016/j.ijhm.2021.103129en
dc.identifier.issn0278-4319en
dc.identifier.orcidBernard Simpson, Shaniel [0000-0003-0849-1169]en
dc.identifier.urihttp://hdl.handle.net/10919/107135en
dc.identifier.volume101en
dc.language.isoenen
dc.publisherElsevieren
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectSport, Leisure & Tourismen
dc.subject1504 Commercial Servicesen
dc.subject1505 Marketingen
dc.subject1506 Tourismen
dc.titleEnvironmental certification and hotel market valueen
dc.title.serialInternational Journal of Hospitality Managementen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherJournal Articleen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen

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