The industry-academia gap on the corporate governance issues in tourism and hospitality: A critical review and future research suggestions

ABSTRACT

The current study identifies the most important corporate governance topics being discussed in the industry and academia. The findings are based on a series of comparative automated content analyses of 742 public tourism and hospitality companies’ governance statements published between 2013 and 2022 and on 129 corporate governance-related journal articles in tourism and hospitality. The findings show that industry’s top corporate governance themes are executive compensation, board of directors’ qualifications, and voting. The paper compares these with academia’s top five themes: firm performance, corporate social responsibility, management practices, local development, and growth opportunities. Future research directions are also presented.

KEYWORDS:

• governance
• ESG
• corporate social responsibility
• critical review
• thematic analysis
• content analysis
• Leximancer
• text mining
• unstructured data analysis
• quantitative semantic analysis

Disclosure statement

No potential conflict of interest was reported by the author.