• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKI, Google Scholar, Electronic Journals Library, Crossref, Ulrich's Periodicals Directory, MESLibrary, etc.
    • E-mail: joebm.editor@gmail.com
JOEBM 2021 Vol.9(2): 27-35 ISSN: 2301-3567
DOI: 10.18178/joebm.2021.9.2.650

Does Public Sentiment on Corruption and Anti-corruption Restrain the Growth of Five-Star Hotel Industry in China?

Tingting Zhou, Jing Yu, and Jiaqi Song

Abstract—Using the provincial panel data of five-star hotels in China, relying on Baidu big data to reflect the public concern about corruption and anti-corruption, this paper explores the development status of five-star hotels in China in the field of corruption and anti-corruption public sentiment. That is, using the regional netizens' web searching behavior about corruption and anti-corruption in the Baidu website as the measurement of public concern about corruption and anti-corruption, this paper investigates the impacts of the public attention to corruption and anti-corruption on the growth of five-star hotel industry in China. The study finds that the public pay more attention to corruption than anti-corruption. The corruption and anti-corruption sentiment through personal computer terminal in Baidu index website is greater than that of mobile terminal. There is a significantly negative relationship between the corruption and anti-corruption Baidu index and the growth of the five-star hotel industry. The public's attention to corruption and anti-corruption has a greater impact on the quarterly catering revenue of five-star hotels than room revenue. The study shows that in the incorruptible social environment created by anti-corruption, the development of five-star hotels has been suppressed to some extent under the intense attention and supervision of the public on corruption. This paper verifies the shrinking business of Chinese five-star hotels in incorruptible social environment from the perspective of public ideology and public sentiment. Practice shows that anti-corruption breaks the false prosperity of “corruption economy” model.

Index Terms—Anti-corruption, Baidu index, corruption, five-star hotel.

Tingting Zhou and Jiaqi Song are with Business School, Beijing International Studies University, the Zhixing Building 528, No.1 Dingfuzhuang Nanli, Chaoyang District, China

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Cite:Tingting Zhou, Jing Yu, and Jiaqi Song, "Does Public Sentiment on Corruption and Anti-corruption Restrain the Growth of Five-Star Hotel Industry in China?," Journal of Economics, Business and Management vol. 9, no. 2, pp. 27-35, 2021.

Copyright © 2021 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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