The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak

Yu Dengxi; Shao Zihao

doi:doi:10.11648/j.si.20221002.12

| Peer-Reviewed

The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak

Yu Dengxi, Shao Zihao

Published in Science Innovation (Volume 10, Issue 2)

Received: 11 April 2022 Accepted: 12 May 2022 Published: 19 May 2022

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

The COVID-19 outbreak threatens human life and health, and as a systemic external impact also has a huge impact on tourism enterprises.How to rescue tourism enterprises, improve the ability of tourism enterprises to operate, and explore the recovery of tourism enterprises is the top priority.Taking 131 listed tourism enterprises in China as the research object, the data of the four quarters of 2019 and 2020 were selected to build a dual difference model for empirical analysis to test the impact of asset-light operation before the impact of COVID-19 on the operating conditions of tourism enterprises.The robustness of the results was further verified by changing the impact time of the epidemic and changing the equity heterogeneity analysis.The research results show that tourism enterprises with asset-light operation can significantly alleviate the negative impact of COVID-19 impact on tourism enterprises, and the operating conditions of enterprises have significantly promoted leasing compared with enterprises that have not implemented asset-light operation.However, the mitigation effect has a limited effect on state-owned enterprises, and the effect on non-state-owned enterprises is more obvious.Experience data analysis based on micro level can help evaluate the impact of the epidemic impact on the economy of tourism enterprises, which is of important reference significance for the strategic planning of tourism enterprises and the government's policy formulation of tourism industry.

Published in	Science Innovation (Volume 10, Issue 2)
DOI	10.11648/j.si.20221002.12
Page(s)	31-37
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Asset-Light Operation, Tourism Enterprises, DID

References

[1]	刘亚萍，史可寒.轻资产化能提升旅游企业盈利能力吗?[J].经济与管理评论, 2021, 37 (06): 138-151。
[2]	Sohn J, Tang C H, Jang S. Does the Asset-Light and Fee-Oriented Strategy Create Value? [J]. International Journal of Hospitality Management, 2013 (32): 270-277.
[3]	冯学钢，孙晓东，于秋阳.反季旅游与旅游季节性平衡:研究述评与启示[J].旅游学刊, 2014, 29 (01): 92-100。
[4]	朱福林，制度环境、外包能力与绩效提升[J].暨南学报(哲学社会科学版), 2019, 41 (02): 1-14。
[5]	李百吉，李甜甜.房地产企业转型轻资产运营模式的研究——以万科集团为例[J].广西大学学报(哲学社会科学版), 2018, 40 (04): 48-54。
[6]	陈冰玉.轻资产企业财务战略研究——以海尔集团为例[J].财会通讯, 2019, 814 (14): 67-70。
[7]	钮景付，罗怀廷，周伟，刘宇，周永利，陆翔.基于云矿平台的露天煤矿轻资产经营管理模式探寻[J].煤炭工程, 2020, 52 (S2): 147-151。
[8]	Lin C S，Huang C P．Measuring competitive advantage with an asset－light valuation model [J]. African Journal of Business Management, 2011, 5 (13): 5100-5108.
[9]	Liou F M. The Effects of Asset-Light Strategy on Competitive Advantage in the Telephone Communications Industry [J]. Technology Analysis＆Strategic Management, 2011, 23 (09): 951-967.
[10]	Wen H C, Huang J H, Cheng Y L. What Japanese semiconductor enterprises can learn from that asset-light business module for sustainable competitive advantage [J]. Asian Business and Management, 2012 (05): 615-649.
[11]	Wang W K, Lin F, Ting I W K, et al,. Does asset-light strategy contribute to the dynamic efficiency of global airlines? [J]. Journal of Air Transport Management, 2017, 62 (07): 99-108.
[12]	Wang W K, Lu W M, Ting I W K, et al. Asset-light strategy, managerial ability, and corporate performance of the Asian telecommunications industry[J]. Managerial and Decision Economics, 2020, 41 (08): 1568-1579.
[13]	Thomas. Asset Light-Managing or Leasing[J]. Journal of Retail & Leisure Property, 2017, 22-29.
[14]	韩鹏.高新技术企业轻资产运营促进了盈利模式变革吗？[J].财经问题研究, 2018, 415 (06): 41-47。
[15]	周泽将，邹冰清，李鼎.轻资产运营与企业价值:竞争力的角色[J].中央财经大学学报, 2020 (03): 101-117。
[16]	陈华.轻资产商贸模式及盈利能力分析[J].商业经济研究, 2021, 822 (11): 110-113。
[17]	田宇润.经济转型背景下轻资产运营对商贸企业绩效的影响研究[J].商业经济研究, 2021, 832 (21): 119-122。
[18]	于成国.危机环境下旅游企业管理柔性问题研究[J].财经问题研究, 2010 (06): 140-144。
[19]	Siiru A A, Salisu A A. Hedging against risks associated with travel and tourism stocks during COVID-19 pandemic: the role of gold[J]. International Journal of Finance & Economics, 2021 (03): 1-11.
[20]	胡兵，沈玲，龚箭.中国上市旅游企业社会责任的市场价值效应：基于营销战略的分析视角[J].旅游学刊, 2020, 290 (10): 15-27。
[21]	柴寿升，刘金峰，单军.上市旅游企业社会责任与企业价值提升——基于QCA方法的实证研究[J].山东大学学报(哲学社会科学版), 2021, No. 246 (03): 117-126。
[22]	段正梁，毕汝麦，危湘衡.多元化类型与旅游企业价值关系研究[J].旅游学刊, 2014, 210 (02): 36-45。
[23]	李可欣，胡芬.营销投入与企业绩效相关性实证研究——基于旅游上市公司数据[J].科技创业月刊, 2021, 34 (08): 50-54。
[24]	董晓林，张晔，徐虹.金融科技发展能够帮助小微企业度过危机吗?——基于新冠肺炎疫情的准自然实验[J].经济科学, 2021 (06): 73-87。
[25]	王智波，李长洪.轻资产运营对企业利润率的影响——基于中国工业企业数据的实证研究[J].中国工业经济, 2015 (06): 108-121。
[26]	Mehrazeen AR, Frountan O, Attaran N. Establishing the Relationship between Trademark Valuation and Firm Performance: Evidence from Iran [J]. International Journal of Economic and Finance, 2012, 4 (06): 181-186.
[27]	焦然，温素彬.环境不确定下研发与企业绩效关系研究——基于营销的调节作用[J].财会通讯, 2020 (20): 50-54。
[28]	周泽将，李鼎，王浩然.轻资产运营与企业风险承担:实证分析与影响路径[J].统计研究, 2020, 37 (01): 99-109。
[29]	La Ferrara, E., A. Chong. and S. Duryea. Soap Operas and Fertility: Evidence from Brazil [J]. American Economic Journal: Applied Economics, 2012, 4 (04): 1-31.
[30]	Li, P., Y. Lu, and J. Wang. Does Flattening Government Improve Economic Performance? Evidence from China[J]. Journal of Development Economics, 2016, (123): 18-37.
[31]	赵志华,吴建南.大气污染协同治理能促进污染物减排吗?——基于城市的三重差分研究[J].管理评论, 2020, 32 (01): 286-297。
[32]	田国强，赵旭霞.金融体系效率与地方政府债务的联动影响——民企融资难融资贵的一个双重分析视角[J].经济研究, 2019, 54 (08): 4-20。
[33]	杨宜，李建伟，张彦，孙莉.新冠肺炎疫情冲击下中国民营企业韧性的实证研究——基于融资约束的视角[J].北京联合大学学报(人文社会科学版), 2021, 19 (04): 64-75. 2021.0053。

Cite This Article

Plain Text BibTeX RIS

APA Style

Yu Dengxi, Shao Zihao. (2022). The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak. Science Innovation, 10(2), 31-37. https://doi.org/10.11648/j.si.20221002.12

Copy | Download

ACS Style

Yu Dengxi; Shao Zihao. The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak. Sci. Innov. 2022, 10(2), 31-37. doi: 10.11648/j.si.20221002.12

Copy | Download

AMA Style

Yu Dengxi, Shao Zihao. The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak. Sci Innov. 2022;10(2):31-37. doi: 10.11648/j.si.20221002.12

Copy | Download

@article{10.11648/j.si.20221002.12,
  author = {Yu Dengxi and Shao Zihao},
  title = {The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak},
  journal = {Science Innovation},
  volume = {10},
  number = {2},
  pages = {31-37},
  doi = {10.11648/j.si.20221002.12},
  url = {https://doi.org/10.11648/j.si.20221002.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20221002.12},
  abstract = {The COVID-19 outbreak threatens human life and health, and as a systemic external impact also has a huge impact on tourism enterprises.How to rescue tourism enterprises, improve the ability of tourism enterprises to operate, and explore the recovery of tourism enterprises is the top priority.Taking 131 listed tourism enterprises in China as the research object, the data of the four quarters of 2019 and 2020 were selected to build a dual difference model for empirical analysis to test the impact of asset-light operation before the impact of COVID-19 on the operating conditions of tourism enterprises.The robustness of the results was further verified by changing the impact time of the epidemic and changing the equity heterogeneity analysis.The research results show that tourism enterprises with asset-light operation can significantly alleviate the negative impact of COVID-19 impact on tourism enterprises, and the operating conditions of enterprises have significantly promoted leasing compared with enterprises that have not implemented asset-light operation.However, the mitigation effect has a limited effect on state-owned enterprises, and the effect on non-state-owned enterprises is more obvious.Experience data analysis based on micro level can help evaluate the impact of the epidemic impact on the economy of tourism enterprises, which is of important reference significance for the strategic planning of tourism enterprises and the government's policy formulation of tourism industry.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak
AU  - Yu Dengxi
AU  - Shao Zihao
Y1  - 2022/05/19
PY  - 2022
N1  - https://doi.org/10.11648/j.si.20221002.12
DO  - 10.11648/j.si.20221002.12
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 31
EP  - 37
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20221002.12
AB  - The COVID-19 outbreak threatens human life and health, and as a systemic external impact also has a huge impact on tourism enterprises.How to rescue tourism enterprises, improve the ability of tourism enterprises to operate, and explore the recovery of tourism enterprises is the top priority.Taking 131 listed tourism enterprises in China as the research object, the data of the four quarters of 2019 and 2020 were selected to build a dual difference model for empirical analysis to test the impact of asset-light operation before the impact of COVID-19 on the operating conditions of tourism enterprises.The robustness of the results was further verified by changing the impact time of the epidemic and changing the equity heterogeneity analysis.The research results show that tourism enterprises with asset-light operation can significantly alleviate the negative impact of COVID-19 impact on tourism enterprises, and the operating conditions of enterprises have significantly promoted leasing compared with enterprises that have not implemented asset-light operation.However, the mitigation effect has a limited effect on state-owned enterprises, and the effect on non-state-owned enterprises is more obvious.Experience data analysis based on micro level can help evaluate the impact of the epidemic impact on the economy of tourism enterprises, which is of important reference significance for the strategic planning of tourism enterprises and the government's policy formulation of tourism industry.
VL  - 10
IS  - 2
ER  -

Copy | Download

Author Information

Yu Dengxi

School of Management, Liaoning University of International Business and Economics, Dalian, China
Shao Zihao

School of Management, Liaoning University of International Business and Economics, Dalian, China

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Yu Dengxi, Shao Zihao. (2022). The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak. Science Innovation, 10(2), 31-37. https://doi.org/10.11648/j.si.20221002.12

Copy | Download

ACS Style

Yu Dengxi; Shao Zihao. The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak. Sci. Innov. 2022, 10(2), 31-37. doi: 10.11648/j.si.20221002.12

Copy | Download

AMA Style

Yu Dengxi, Shao Zihao. The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak. Sci Innov. 2022;10(2):31-37. doi: 10.11648/j.si.20221002.12

Copy | Download

@article{10.11648/j.si.20221002.12,
  author = {Yu Dengxi and Shao Zihao},
  title = {The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak},
  journal = {Science Innovation},
  volume = {10},
  number = {2},
  pages = {31-37},
  doi = {10.11648/j.si.20221002.12},
  url = {https://doi.org/10.11648/j.si.20221002.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20221002.12},
  abstract = {The COVID-19 outbreak threatens human life and health, and as a systemic external impact also has a huge impact on tourism enterprises.How to rescue tourism enterprises, improve the ability of tourism enterprises to operate, and explore the recovery of tourism enterprises is the top priority.Taking 131 listed tourism enterprises in China as the research object, the data of the four quarters of 2019 and 2020 were selected to build a dual difference model for empirical analysis to test the impact of asset-light operation before the impact of COVID-19 on the operating conditions of tourism enterprises.The robustness of the results was further verified by changing the impact time of the epidemic and changing the equity heterogeneity analysis.The research results show that tourism enterprises with asset-light operation can significantly alleviate the negative impact of COVID-19 impact on tourism enterprises, and the operating conditions of enterprises have significantly promoted leasing compared with enterprises that have not implemented asset-light operation.However, the mitigation effect has a limited effect on state-owned enterprises, and the effect on non-state-owned enterprises is more obvious.Experience data analysis based on micro level can help evaluate the impact of the epidemic impact on the economy of tourism enterprises, which is of important reference significance for the strategic planning of tourism enterprises and the government's policy formulation of tourism industry.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - The Impact of Asset-Light Operation on the Operation of Tourism Enterprises —— Quasi-natural Experiment Based on the Impact of the COVID-19 Outbreak
AU  - Yu Dengxi
AU  - Shao Zihao
Y1  - 2022/05/19
PY  - 2022
N1  - https://doi.org/10.11648/j.si.20221002.12
DO  - 10.11648/j.si.20221002.12
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 31
EP  - 37
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20221002.12
AB  - The COVID-19 outbreak threatens human life and health, and as a systemic external impact also has a huge impact on tourism enterprises.How to rescue tourism enterprises, improve the ability of tourism enterprises to operate, and explore the recovery of tourism enterprises is the top priority.Taking 131 listed tourism enterprises in China as the research object, the data of the four quarters of 2019 and 2020 were selected to build a dual difference model for empirical analysis to test the impact of asset-light operation before the impact of COVID-19 on the operating conditions of tourism enterprises.The robustness of the results was further verified by changing the impact time of the epidemic and changing the equity heterogeneity analysis.The research results show that tourism enterprises with asset-light operation can significantly alleviate the negative impact of COVID-19 impact on tourism enterprises, and the operating conditions of enterprises have significantly promoted leasing compared with enterprises that have not implemented asset-light operation.However, the mitigation effect has a limited effect on state-owned enterprises, and the effect on non-state-owned enterprises is more obvious.Experience data analysis based on micro level can help evaluate the impact of the epidemic impact on the economy of tourism enterprises, which is of important reference significance for the strategic planning of tourism enterprises and the government's policy formulation of tourism industry.
VL  - 10
IS  - 2
ER  -

Copy | Download