<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>There are many responsible business and investment initiatives in the field of environmental performance, and among these, certification is a targeted mechanism. In this work, we intend to study the determinants of environmental certification of hotel companies, analysing the Portuguese case. The empirical study considers hotel companies established in Portugal that may operate one or more hotel units. The information retrieved from the Portuguese National Tourism Registry and Iberian Balance Sheet Analysis System database was coded, and a database was built in the SAS software. Variable and data analysis was conducted using descriptive statistics, variable correlations, and the Tobit regression model. The results indicate that affiliation to a brand, hotel classification and hotel size are factors that explain environmental certification, but the return on sales was not statistically significant in this study. These results are important to understanding the determinants of environmental certification in hotel companies since, as a topic of research, it has had little attention prior to the study for the Portuguese case, thus reinforcing the importance of this research. The study also reveals the restricted sample of hotel companies with environmental certification in Portugal, which did not allow computing other study variables that would improve the empirical work.</p>
</abstract>

There are many responsible business and investment initiatives in the field of environmental performance, and among these, certification is a targeted mechanism. In this work, we intend to study the determinants of environmental certification of hotel companies, analysing the Portuguese case. The empirical study considers hotel companies established in Portugal that may operate one or more hotel units. The information retrieved from the Portuguese National Tourism Registry and Iberian Balance Sheet Analysis System database was coded, and a database was built in the SAS software. Variable and data analysis was conducted using descriptive statistics, variable correlations, and the Tobit regression model. The results indicate that affiliation to a brand, hotel classification and hotel size are factors that explain environmental certification, but the return on sales was not statistically significant in this study. These results are important to understanding the determinants of environmental certification in hotel companies since, as a topic of research, it has had little attention prior to the study for the Portuguese case, thus reinforcing the importance of this research. The study also reveals the restricted sample of hotel companies with environmental certification in Portugal, which did not allow computing other study variables that would improve the empirical work.

Determinants of environmental certification in Portuguese hotel companies

European Journal of Tourism, Hospitality and Recreation

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Determinants of environmental certification in Portuguese hotel companies"}

There are many responsible business and investment initiatives in the field of environmental performance, and among these, certification is a targeted...

Variable	n	Average	STD	Median	Minimum	Maximum
MCERT_i	947	0.085	0.271	0.000	0.000	1.000
ROS_i	947	0.071	1.198	0.192	11.000	13.293
MCAP_i	947	139,941	132.374	93.000	11.000	1008.000
MNST_i	947	3.264	0.983	3.000	1.000	5.000
MBRAND_i	947	0.325	0.461	0.000	0.000	1.000

Variable	Coefficient	Expected Sign	t Value	P-Value
Constant	−3.751	+/−	−7.100	<0.001
ROS_i	0.092	+	0.930	0.352
MCAP_i	0.001	+	1.720	0.085
MNST_i	0.574	+	2.940	0.003
MBRAND_i	3.230	+	2.870	0.004
Sigma	1.570		10.590	<0.001
Log Likelihood	−89.540
AIC	191.079
Schwarz Criterion	220.199

Variables	MCERT_i	ROS_i	MCAP_i	MNST_i	MBRAND_i
MCERT_i	1.000	0.031	0.143	0.152	0.127
P-Value		0.335	<0.001	<0.001	<0.001
ROS_i		1.000	0.007	0.058	0.027
P-Value			0.831	0.074	0.395
MCAP_i			1.000	0.452	0.281
P-Value				<0.001	<0.001
MNST_i				1.000	0.229
P-Value					<0.001
MBRAND_i					1.000

Determinants of environmental certification in Portuguese hotel companies

Article Category: Research Article

Publié en ligne: 31 janv. 2024

Pages: 225 - 235

Reçu: 27 juin 2023

Accepté: 17 nov. 2023

DOI: https://doi.org/10.2478/ejthr-2023-0018

Mots clés
Environmental certification, Hotel affiliation, Hotel companies, Hotel profitability

© 2023 Catarina Martins et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Descriptive statistics of main variables in the study

Determinants of environmental certification

Pearson correlation

Determinants of environmental certification in Portuguese hotel companies

Article Category: Research Article

Publié en ligne: 31 janv. 2024

Pages: 225 - 235

Reçu: 27 juin 2023

Accepté: 17 nov. 2023

DOI: https://doi.org/10.2478/ejthr-2023-0018

Mots clésEnvironmental certification, Hotel affiliation, Hotel companies, Hotel profitability

© 2023 Catarina Martins et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Descriptive statistics of main variables in the study

Determinants of environmental certification

Pearson correlation

Mots clés
Environmental certification, Hotel affiliation, Hotel companies, Hotel profitability