State intervention and tourism business resilience: Exploring firm-level crisis responses
Business resilience and government intervention are critical in navigating crises. Guided by resilience theory and concepts of state intervention in global crises, this article examines firm-level strategies to the Covid-19 pandemic. The qualitative findings decipher adaptive resilience and business...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-11-01
|
| Series: | Annals of Tourism Research Empirical Insights |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666957924000247 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850244710333939712 |
|---|---|
| author | Joo-Ee Gan Joann P.S. Lim Alexander Trupp Wai Ching Poon |
| author_facet | Joo-Ee Gan Joann P.S. Lim Alexander Trupp Wai Ching Poon |
| author_sort | Joo-Ee Gan |
| collection | DOAJ |
| description | Business resilience and government intervention are critical in navigating crises. Guided by resilience theory and concepts of state intervention in global crises, this article examines firm-level strategies to the Covid-19 pandemic. The qualitative findings decipher adaptive resilience and business survival strategies concerning cashflow management, human resource management, management of current liabilities, asset management, and alternative business avenues. Government intervention included financial assistance, wage subsidy, loan moratorium, and other stimulus measures. Findings reveal mixed responses, highlighting the need for tailored and effective government intervention. The study extends resilience theory by integrating state intervention as an external driver of adaptive resilience, thereby providing a holistic understanding of resilience in crises. Practical implications provide policy-makers with insights on more effective crisis response strategies. |
| format | Article |
| id | doaj-art-eccdbba6fc7c4bc6b4b28ec201652a78 |
| institution | OA Journals |
| issn | 2666-9579 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Annals of Tourism Research Empirical Insights |
| spelling | doaj-art-eccdbba6fc7c4bc6b4b28ec201652a782025-08-20T01:59:39ZengElsevierAnnals of Tourism Research Empirical Insights2666-95792024-11-015210014210.1016/j.annale.2024.100142State intervention and tourism business resilience: Exploring firm-level crisis responsesJoo-Ee Gan0Joann P.S. Lim1Alexander Trupp2Wai Ching Poon3School of Hospitality and Service Management, Sunway University, No. 5 Jalan Universiti, Bandar Sunway, 47500, Selangor, Malaysia; Corresponding author.School of Hospitality, Tourism and Events, Taylor's University, No. 1 Jalan Taylor's, 47500 Subang Jaya, Selangor, MalaysiaSchool of Hospitality and Service Management, Sunway University, No. 5 Jalan Universiti, Bandar Sunway, 47500, Selangor, MalaysiaCentre of Social Innovation, Institute of Self-Sustainable Building, Management and Humanities Department, Universiti Teknologi PETRONAS, 32610 Seri Iskandar, Perak, MalaysiaBusiness resilience and government intervention are critical in navigating crises. Guided by resilience theory and concepts of state intervention in global crises, this article examines firm-level strategies to the Covid-19 pandemic. The qualitative findings decipher adaptive resilience and business survival strategies concerning cashflow management, human resource management, management of current liabilities, asset management, and alternative business avenues. Government intervention included financial assistance, wage subsidy, loan moratorium, and other stimulus measures. Findings reveal mixed responses, highlighting the need for tailored and effective government intervention. The study extends resilience theory by integrating state intervention as an external driver of adaptive resilience, thereby providing a holistic understanding of resilience in crises. Practical implications provide policy-makers with insights on more effective crisis response strategies.http://www.sciencedirect.com/science/article/pii/S2666957924000247Adaptive resilienceCrisis managementEconomic stimulusGovernment interventionMalaysiaTourism business |
| spellingShingle | Joo-Ee Gan Joann P.S. Lim Alexander Trupp Wai Ching Poon State intervention and tourism business resilience: Exploring firm-level crisis responses Annals of Tourism Research Empirical Insights Adaptive resilience Crisis management Economic stimulus Government intervention Malaysia Tourism business |
| title | State intervention and tourism business resilience: Exploring firm-level crisis responses |
| title_full | State intervention and tourism business resilience: Exploring firm-level crisis responses |
| title_fullStr | State intervention and tourism business resilience: Exploring firm-level crisis responses |
| title_full_unstemmed | State intervention and tourism business resilience: Exploring firm-level crisis responses |
| title_short | State intervention and tourism business resilience: Exploring firm-level crisis responses |
| title_sort | state intervention and tourism business resilience exploring firm level crisis responses |
| topic | Adaptive resilience Crisis management Economic stimulus Government intervention Malaysia Tourism business |
| url | http://www.sciencedirect.com/science/article/pii/S2666957924000247 |
| work_keys_str_mv | AT jooeegan stateinterventionandtourismbusinessresilienceexploringfirmlevelcrisisresponses AT joannpslim stateinterventionandtourismbusinessresilienceexploringfirmlevelcrisisresponses AT alexandertrupp stateinterventionandtourismbusinessresilienceexploringfirmlevelcrisisresponses AT waichingpoon stateinterventionandtourismbusinessresilienceexploringfirmlevelcrisisresponses |