The Effects of Environmental Management and Debt Financing on Sustainable Financial Growth in the Tourism Industry

doi:10.1177/2158244020948530

CASISD OpenIR

	The Effects of Environmental Management and Debt Financing on Sustainable Financial Growth in the Tourism Industry
	Xu, Xin Long; Sun, Chao; Li, Yi; Zhou, Nidi
发表期刊	SAGE OPEN
摘要	Environmental management and sustainable financial growth are currently hot topics in academic research. This article examines the relationships among environmental management, debt financing, and sustainable financial growth in the Chinese tourism industry. The results show that environmental management and debt financing have promoted sustainable financial growth, and the overall effect of debt financing on sustainable financial growth has been affected by environmental management. After employing different methods of controlling the endogeneity, these conclusions are still robust. We also examine the mediating effect and threshold effect on environmental management, debt financing, and sustainable financial growth, and the results reveal that debt financing can mediate the effect of environmental management on sustainable financial growth and that there is nonlinear impact of debt financing on sustainable financial growth in different thresholds of environmental management. The analysis results show that the presented policy proposals promote the development of tourism companies from the aspects of debt financing and environmental management.
	2020
卷号	10
DOI	10.1177/2158244020948530
语种	英语
引用统计
文献类型	期刊论文
条目标识符	http://ir.casisd.cn/handle/190111/9833
专题	中国科学院科技战略咨询研究院
推荐引用方式 GB/T 7714	Xu, Xin Long,Sun, Chao,Li, Yi,et al. The Effects of Environmental Management and Debt Financing on Sustainable Financial Growth in the Tourism Industry[J]. SAGE OPEN,2020,10.
APA	Xu, Xin Long,Sun, Chao,Li, Yi,&Zhou, Nidi.(2020).The Effects of Environmental Management and Debt Financing on Sustainable Financial Growth in the Tourism Industry.SAGE OPEN,10.
MLA	Xu, Xin Long,et al."The Effects of Environmental Management and Debt Financing on Sustainable Financial Growth in the Tourism Industry".SAGE OPEN 10(2020).