Abstract

YENIDOGAN, Alp; GURCAYLILAR-YENIDOGAN, Tugba  and  TETIK, Nilufer. Environmental management and hotel profitability: operating performance matters. TMStudies [online]. 2021, vol.17, n.3, pp.7-19.  Epub Sep 30, 2021. ISSN 2182-8458.  https://doi.org/10.18089/tms.2021.170301.

While there is growing consensus on the benefits of going green, the relative benefits of revenue-enhancing and cost-cutting effects of environmental practices over performance have remained a more conservative and less explored phenomenon in corporate management studies. The present study investigates the two parallel mediation effects of cost-saving and revenue generation on profitability through environmental management practices. A bootstrap method is employed to make a statistical inference of the causal mediation effects. The data collected from the lodging industry in Antalya/Turkey revealed that the revenue-enhancing and cost-cutting effects of environmental participation have a positive impact on profitability, while no difference was identified in the strength of the indirect effects. In conclusion, the findings of this study indicate a complementary effect of cost reduction and revenue enhancement for green profit.

Keywords : Environmental management practices; cost savings; revenue enhancement; profitability; accounting information; lodging industry.

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