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Corporate Governance Mechanisms and Performance in Air Management Companies: A fsQCA Approach

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This article examines the role of governance mechanisms and economic variables in financial performance of air management companies in Italy. The research draws on corporate governance theory, stakeholder theory, and performance analysis in the airport industry. Fuzzy-set qualitative comparative analysis (QCA) was used to analyze a sample of Italian air management companies. Data were extracted from AIDA database, public reports, and corporate governance documents. Results confirm that different combinations of governance mechanisms, number of passengers, and number of employees can yield similar financial performance. This research also identifies the most significant items that can impact the financial performance, and the relationships among governance mechanisms, and financial performance of those companies.
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Document Type: Research Article

Publication date: July 17, 2019

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  • The aim of Tourism Analysis is to promote a forum for practitioners and academicians in the fields of Leisure, Recreation, Tourism, and Hospitality (LRTH). As a interdisciplinary journal, it is an appropriate outlet for articles, research notes, and computer software packages designed to be of interest, concern, and of applied value to its audience of professionals, scholars, and students of LRTH programs the world over.
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