@inproceedings{79c12dcfc0214e5c83a51fc301c8ef5d,
title = "The Effect of COVID-19 on the Relationship Between Environmental Performance and Financial Performance: Insight from the US Tourism Sector",
abstract = "In times of financial distress, companies are forced to cut their expenditures to survive. The devastating effects of COVID-19 on the global economy once again brought this issue to the fore. Therefore, this study investigates the effect of environmental performance spending on the financial performance of US tourism firms. Empirical results reveal a U-shaped relationship between these variables. Our findings imply that although under financial distress, the environmental targets may cease to be a priority for the company in the short run, and better environmental performance will enhance financial performance in the long run.",
keywords = "COVID-19, Economic Recession, Environmental Performance, ESG, Financial Performance",
author = "Mohamad Kaakeh and Gokmenoglu, {Korhan K.}",
note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.; 7th International Conference on Banking and Finance Perspectives, ICBFP 2023 ; Conference date: 19-10-2023 Through 20-10-2023",
year = "2024",
doi = "10.1007/978-3-031-65533-3_1",
language = "English",
isbn = "9783031655326",
series = "Springer Proceedings in Business and Economics",
publisher = "Springer Nature",
pages = "1--5",
editor = "Nesrin Ozatac and Nigar Taspinar and Bezhan Rustamov",
booktitle = "Sustainable Development in Banking and Finance - 7th International Conference on Banking and Finance Perspectives",
}