Applying the reduce, reuse, and recycle principle in the hospitality sector: Its antecedents and performance implications
研究了143家大型酒店企业采用减量、再利用和回收（3Rs）环境战略的前因与绩效影响，发现绿色治理、环境管理系统和财务资源促进该战略，进而提升运营利润和托宾Q值。
Abstract Although the literature on eco‐friendly strategies followed by firms is abundant, the focus on the reduce, reuse, and recycle (3Rs) policies as the cornerstone of environmental sustainability is scarce. This study examines the 3Rs environmental strategy among 143 large organizations in the hospitality industry. We use the resource‐based view (RBV) of the firm theory to test the strategy's determinants and its impact on business performance on a suggested conceptualization level. As hypothesized, green corporate governance and environmental management systems, along with slack financial resources, were found to positively influence the adoption of a 3Rs environmental strategy. In turn, the implementation of the latter leads to superior business performance, measured in terms of operating profits and Tobin's Q . The study has several implications on a theoretical, managerial, and public policy level where intriguing directions for future research are provided.