Effects of formal institutions on the performance of the tourism sector in the Philippines: the mediating role of entrepreneurial orientation

Roxas, Banjo and Chadee, Doren 2013, Effects of formal institutions on the performance of the tourism sector in the Philippines: the mediating role of entrepreneurial orientation, Tourism management, vol. 37, pp. 1-12.

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Title Effects of formal institutions on the performance of the tourism sector in the Philippines: the mediating role of entrepreneurial orientation
Author(s) Roxas, Banjo
Chadee, Doren
Journal name Tourism management
Volume number 37
Start page 1
End page 12
Total pages 12
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2013-08
ISSN 0261-5177
1879-3193
Keyword(s) tourism
entrepreneurial orientation
institutional environment
firm performance
developing economy
Philippines
Summary Although formal institutions and entrepreneurial orientation have both been found to contribute separately and positively to firm performance, the interplay between the two factors has not received much attention. This study draws from institutional theory and the entrepreneurship literature to argue that entrepreneurial orientation (EO) provides the mechanism through which the formal institutional environment influences the performance of firms in the tourism sector. Using structural equation modelling and data from a large-scale survey of firms in the tourism sector in the Philippines, it is shown that elements of the institutional environment, by themselves, only have limited influence on tourism firms' performance. EO is shown to partially enhance the effects of the institutional environment on firm performance. The strong mediating effect of entrepreneurial orientation on the relationship between the institutional environment and firm performance is a novel finding and highlights the important role of the government in ensuring that the formal institutional environment promotes entrepreneurship which, in turn, enhances the performance of the tourism sector.
Language eng
Field of Research 150308 International Business
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2013, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30057573

Document type: Journal Article
Collection: School of Management and Marketing
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