Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/326486 
Year of Publication: 
2024
Citation: 
[Journal:] Cogent Business & Management [ISSN:] 2331-1975 [Volume:] 11 [Issue:] 1 [Article No.:] 2390689 [Year:] 2024 [Pages:] 1-16
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
This study utilized partial least squares structural equation modeling to investigate the interplay among planned resilience, adaptive resilience, and financial performance in the hospitality and tourism (H&T) sector. Additionally, the potential gender gap in the relationship between adaptive resilience and financial performance was examined through multi-group analysis. Data were gathered from 315 micro and small enterprises in the H&T sector across three key areas in Northern Mindanao, Philippines, selected based on their high tourist traffic. The results revealed that while planned resilience positively influenced adaptive resilience, it did not significantly affect financial performance. Contrary to prior literature, the study indicated an inverse relationship between adaptive resilience and financial performance. This suggests a unique impact of the COVID-19 disruption on financial outcomes and underscoring the limitations of adaptive resilience in driving financial recovery. Moreover, the analysis showed that men exhibited a stronger positive relationship between adaptive resilience and financial performance than women, suggesting gender disparities. In conclusion, this study highlights the critical importance of unified efforts and gender-tailored programs to support the financial recovery of the H&T micro and small enterprises, particularly in developing countries. Further research into the diverse antecedents of entrepreneurial resilience is recommended.
Subjects: 
Hospitality and tourism
planned resilience
adaptive resilience
financial performance
COVIDD-19
MSMEs
organizational resilience
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.