The signaling roles of ownership and board structure for foreign institutional investors in the tourism industry

機構典藏 > College of International Affairs > Department of International Tourism Management > Journal Article > Item 987654321/122190

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Title:	The signaling roles of ownership and board structure for foreign institutional investors in the tourism industry
Authors:	Yeh, Chien Mu
Keywords:	CEO ownership;Domestic institutional ownership;Institutional directors;Tourism firms CEO ownership;Domestic institutional ownership;Institutional directors;Tourism firms
Date:	2021-12-31
Issue Date:	2022-02-23 12:11:02 (UTC+8)
Abstract:	Foreign institutional capital performs a critical role in the development of the tourism industry. Little research has been conducted to understand how foreign institutional investors choose tourism firms from the governance perspective. The primary purpose of the current study is to bridge this research gap by examining the signaling roles of CEO ownership, domestic institutional ownership, and institutional directors in preferences of foreign institutional investors. Outcomes show foreign institutional investors are more likely to invest in tourism firms who have higher CEO ownership, lower domestic institutional ownership, and a higher level of institutional directors. Implications and limitations are accordingly discussed.
Relation:	Journal of Hospitality and Tourism Management 49, p.65-73
DOI:	10.1016/j.jhtm.2021.08.026
Appears in Collections:	[Department of International Tourism Management] Journal Article

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