Semantic Scholar Open Access 2020 72 sitasi

Tourism companies' risk exposures on text disclosure

Jianping Li Yuyao Feng Guowen Li Xiaolei Sun

Lihat Sumber DOI

Abstrak

Tourism is a risk-prone industry. But most studies focus on tourist risk perception while ignoring company risk exposure. As service providers, the companies play an important role in tourism activities, and systematically identifying the risks they face is vital to the development of the tourism industry. This paper attempts to identify tourism companies' risk exposures based on textual risk disclosure of financial statements. Using 51,008 risk headings of 255 public companies, we adopt Sentence-Latent Dirichlet Allocation (Sent-LDA) method to discover 30 risk exposures of the tourism industry. Further, we discuss the universality and industry representativeness of these risk exposures, as well as risk differences between different sub-industries and years. Findings can help stakeholders develop reasonable and timely risk management strategies.

Topik & Kata Kunci

Business Medicine

Penulis (4)

Jianping Li

Yuyao Feng

Guowen Li

Xiaolei Sun

Format Sitasi

APA MLA BibTeX

Li, J., Feng, Y., Li, G., Sun, X. (2020). Tourism companies' risk exposures on text disclosure. https://doi.org/10.1016/j.annals.2020.102986

Akses Cepat

Lihat di Sumber doi.org/10.1016/j.annals.2020.102986

Informasi Jurnal

Tahun Terbit: 2020
Bahasa: en
Total Sitasi: 72×
Sumber Database: Semantic Scholar
DOI: 10.1016/j.annals.2020.102986
Akses: Open Access ✓