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

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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

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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), 2022. Published by Science Publishing Group

Keywords

Asset-Light Operation, Tourism Enterprises, DID

References

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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

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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

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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

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@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}
}

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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  -

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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

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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

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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

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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