International Journal of Business Strategy and Social Sciences

Published by: Conscientia Beam
Quick Submission    Login/Submit/Track

Recent Articles

Investment in Community Development and Return on Assets: Does it Matter?

Pages: 1-13
Find References

Finding References

Investment in Community Development and Return on Assets: Does it Matter?

Search :
Google Scholor
Search :
Microsoft Academic Search

DOI: 10.18488/journal.171.2021.41.1.13

Ahannaya, C. G. , Iwala, A. T. , Umukoro, J. E.

Export to    BibTeX   |   EndNote   |   RIS

Adediran, S. A., & Alade, S. O. (2013). The impact of environmental accounting on corporate performance in Nigeria. European Journal of Business and Management, 7(23), 71–77.

Adeneye, Y. B., & Ahmed, M. (2015). Corporate social responsibility and corporate performance. School of Management, 7(1), 54-68.

Adeyemi, S. B., & Owolabi, S. A. (2007). Environmental accounting and national development. Babcock Journal of Management and Social Sciences, 5(2), 190-212.

Aggarwal, P. (2013). Impact of sustainability performance of company on its financial performance: A study of listed indian companies. Global Journal of Management and Business Research Finance, 13(11), 61-70.

Alabi, O., & Ntukekpo, S. (2012). Oil companies and corporate social responsibility in Nigeria: An empirical assessment of Chevron’s community development projects in the Niger Delta. British Journal of Arts and Social Sciences, 4(2), 361-374.

Andrews, O. T. (2015). The Nigerian State, oil multinationals and the environment: A case study of Shell Petroleum Development Company (SPDC). Journal of Public Administration and Policy Research, 7(2), 24-28.

Anochie, U. C., & Onyinye, O. M. (2015). Evaluation of some oil companies in the Niger Delta region of Nigeria: An environmental impact approach. International Journal of Environment and Pollution Research, 3(2), 13-31.

Arias, J., & Patterson, K. (2009). Relationships between corporate social responsibilities’ promotion and corporate performance in the multinational corporations. Business Intelligence Journal, 2(1), 93-112.

Asaolu, T. O., Agboola, A. A., Ayoola, T. J., & Salawu, M. K. (2011). Sustainability, reporting in the Nigerian oil and gas sector. Paper presented at the Proceedings of the Environmental Management Conference, Federal University of Agriculture, Abeokuta, Nigeria,.

Ayuso, S., Rodríguez, M. A., García-Castro, R., & Ariño, M. A. (2007). Maximizing stakeholders’ interests: An empirical analysis of the stakeholder approach to corporate governance. Business & Society, 53(3), 414-439.

Bebchuk, L., & Fried, J. (2004). Pay without performance (1st ed.). Harvard: Harvard University Press.

Deegan, C. (2002). The legitimizing effect of social and environmental disclosure: A theoretical foundation. Accounting, Auditing and Accountability Journal, 4(1), 32-38.

Deegan, C., Rankin, M., & Tobin, J. (2002). An examination of the corporate social and environmental disclosures of BHP from 1983- 1997: A test of legitimacy theory. Accounting Auditing and Accountability Journal, 15(3), 312-343.

Ebiringa, O., Yadirichukwu, E., Chigbu, E., & Ogochukwu, O. J. (2013). Effect of firm size and profitability on corporate social disclosures: The Nigerian oil and gas sector in focus. Journal of Economics, Management and Trade, 3(4), 563-574.

Egbe, O. D. J., & Paki, F. A. E. (2011). The rhetoric of corporate social responsibility (CSR) in the Niger Delta. American International Journal of Contemporary Research, 1(3), 45-65.

Eisenhardt, K. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57–74.

Ekanem, J. T., Nwachukwu, I., & Etuk, U. R. (2014). Impact of Shell’s sustainable community development approach on the livelihood activities of community beneficiaries in the Niger Delta, Nigeria. Journal of Sustainable Society, 3(2), 7-14. Available at:

Eljayash, K. M. (2015). Documentation of environmental disclosure practices in the oil companies in the countries of the arab spring–some evidences from Egypt, Libya and Tunisia. Journal of Economics, Business and Management, 3(10), 954-960. Available at:

Erhinyoja, E. F., & Marcella, E. C. (2019). Corporate social sustainability reporting and financial performance of oil and gas industry in Nigeria. International Journal of Accounting, Finance and Risk Management, 4(2), 44-60. Available at:

Fodio, M. I., Abu-Abdissamad, A. M., & Oba, V. C. (2013). Corporate social responsibility and firm value in quoted Nigerian financial services. International Journal of Finance and Accounting, 2(7), 331-340.

Frederick, W. C. (1998). Moving to CSR. Business and Society, 37(1), 40–60.

Freeman, R. E. (1984). Strategic management: A stakeholder approach (1st ed.). Boston: Pitman.

Friedman, M. (1970). Capitalism and freedom (2nd ed.). Chicago: University of Chicago Press.

Garriga, E., & Mele, D. (2004). Corporate social responsibility theories: Mapping the territory. Journal of Business Ethics, 53(1), 51–71.

Germanova, R. (2008). Corporate social responsibility as corporate governance tool: The practice by the business in Bulgaria. Unpublished Masters Thesis.  

Gibson, K. (1996). The problem with reporting pollution allowances: reporting is not the problem. Critical Perspectives on Accounting, 7(6), 655-665.

Harrison, J. S., & Wicks, A. C. (2013). Stakeholder theory, value, and firm performance. Business Ethics Quarterly, 23(1), 97-124.

Hashimu, B., & Ango, N. (2012). Multinational companies’ corporate social responsibility performance in Lagos State, Nigeria: A quantitative analysis. European Journal of Globalization and Development Research, 5(1), 247-264.

Hill, C. W., & Jones, T. M. (1992). Stakeholder-agency theory. Journal of Management Studies, 29(2), 131-154.

Ighodalo, A. (2013). Oil environmental degradation and human security in the Niger-Delta region of Nigeria: Challenges and possibilities. European Scientific Journal, 8(26), 1857– 1881.

Ilaboya, O. J., & Omoye, A. S. (2013). Corporate social responsibility and firm performance: Evidence from Nigeria. Journal of Asian Development Studies, 2(1), 26-37.

Iqbal, M., Sutrisno, T., & Rosidi, P. A. (2013). Effect of environmental accounting implementation and environmental performance and environmental information disclosure as mediation on company value. International Journal of Business and Management Invention, 2(10), 2319 – 8028.

Ismail, M. (2009). Corporate social responsibility and its role in community development: An international perspective. Journal of International Social Research, 2(9), 199-209.

Ite, A. E., Ibok, U. J., Ite, M. U., & Petters, S. W. (2015). Petroleum exploration and production: Past and present environmental issues in the Nigeria’s Niger Delta: Science and Education Publishing Co. Ltd.

Katsoulakos, K., & Katsoulacos, Y. (2007). Strategic management, corporate responsibility and stakeholder management. Q Emerald Group Publishing Limited, 7(4), 355-369.

Law, J. (1990). A dictionary of business and management (5th ed.). Oxford: Oxford University Press.

Ligi, J. (2014). Green accounting-a way to sustainable development. Sai Om Journal of Commerce & Management, 1(3), 44-47.

Lindo, D. K. (2008). Asset management is your job. SuperVision, 69(1), 14-18.

Makori, D. M., & Jagongo, A. (2013). Environmental accounting and firm profitability: An empirical analysis of selected firms listed in Bombay Stock Exchange, India. International Journal of Humanities and Social Science, 3(18), 248-256.

Malik, M. S., & Nadeem, M. (2014). Impact of corporate social responsibility on the financial performance of banks in Pakistan. International Letters of Social and Humanistic Sciences, 10(1), 9-19. Available at: .

Matten, D., Crane, A., & Chapple, W. (2003). Behind the mask: Revealing the true face of corporate citizenship. Journal of Business Ethics, 45(1), 109-120.

Mcmenamin, J. (1999). Financial management: An introduction (1st ed.). London: Routledge.

Miles, S. (2012). Stakeholder: Essentially contested or just confused? Journal of Business Ethics, 108(3), 285-298. Available at:

Milne, M. J., & Patten, D. M. (2002). Securing organizational legitimacy: An experimental decision case examining the impact of environmental disclosures. Accounting, Auditing & Accountability Journal, 15(3), 372-405.

Mousa, G., & Hassan, N. T. (2015). Legitimacy theory and environmental practices: Short notes. International Journal of Business and Statistical Analysis, 2(01), 41-53.

Natufe, O. I. (2001). The problem of sustainable development and corporate social responsibility: Policy implications for the Niger Delta. Paper presented at the A Second Annual Conference and General Meeting at Rockaway River Country Club Denville, New Jersey, USA.

Ndu, O. A. E., & Agbonifoh, B. A. (2014). Corporate social responsibility in Nigeria: A study of the petroleum industry and the Niger Delta area. International Review of Social Sciences and Humanities, 6(2), 214-238.

Neu, D., Warsame, H., & Pedwell, K. (1998). Managing public impressions: Environmental disclosures in annual reports. Accounting, Organizations and Society, 23(3), 265-282. Available at:

NNPC. (2019). Annual statistical bulletin. Retrieved from: .

Noodezh, H. R., & Moghimi, S. (2015). Environmental costs and environmental information disclosure in the accounting systems. International Journal of Academic Research in Accounting, Finance and Management Sciences, 5(1), 13-18.

O’Donovan, G. (2002). Environmental disclosures in the annual report: Extending the applicability and predictive power of legitimacy theory. Accounting, Auditing & Accountability Journal, 15(3), 344-371.

Ojo, G. U. (2012). Community perception and oil companies’ corporate social responsibility initiative in the Niger Delta. Studies in Sociology of Science, 3(4), 11- 21.

Okafor, C., & Oshodin, E. (2012). Corporate social responsibility and corporate performance in Nigeria. Journal of Management and Corporate Governance, 1(3), 22-24.

Okonkwo, E. C. (2014). Oil spills in Nigeria: Are there social and economic impacts? American Petroleum Institute, 9(5), 451-463.

Olujimi, J. A. B., Emmanuel, A. A., & Sogbon, O. (2011). Environmental implications of oil exploration and exploitation in the coastal region of Ondo State, Nigeria: A regional planning appraisal. Journal of Geography and Regional Planning, 4(4), 110-121.

Oroxom, R., A., Glassman, & Mcdonald, L. (2018). Structuring and funding development impact bonds for health: Nine lessons from Cameroon and beyond. CGD Policy Paper, No. 117, Center for Global Development, Washington, DC.

Owolabi, A. (2008). Environmental disclosures in annual reports: The Nigeria perspective. Paper presented at the Paper presented at the 2nd Italian Conference on Social and Environmental Research September, 2008.

Peters, G. T., & Bagshaw, K. B. (2014). Corporate governance mechanisms and financial performance of listed firms in Nigeria: A content analysis. Global Journal of Contemporary Research in Accounting, Auditing and Business Ethics, 1(2), 103-128.

Phillips, R. (2016). Impact investing and community development. Maine Policy Review, 25(1), 63-71.

Powei, M. D. (2020). Corporate social responsibility and organizational performance of Oil companies in Southern Nigeria. Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy Management at Walden University, Minneapolis, Minnesota USA.  

Register, U. (2018). Small business investment company program-impact SBICs.

Reich, R. (1998). The new meaning of corporate citizenship. California Management Review, 40(2), 8-17.

Richard, P. J., Devinney, T. M., Yip, G. S., & Johnson, G. (2009). Measuring organizational performance: Towards methodological best practice. Journal of Management, 35(3), 718-804.

Santos, J. B., & Brito, L. A. L. (2012). Toward a subjective measurement model for firm performance. BAR-Brazilian Administration Review, 9(6), 95-117.

Siminica, M., Circiumaru, D., & Simion, D. (2012). The correlation between the return on assets and the measures of financial balance for Romanian companies. International Journal for Applied Mathematical Model and Methods in Applied Sciences, 2(6), 249-256.

Smith, R. E. (2011). Defining corporate social responsibility: A systems approach for socially responsible capitalism. Penn Libraries: University of Pennyslavia.

Sobrasuaipiri, S. (2014). Environmental justice in Nigeria: Reflections on the Shell-Ogoni uprising, twenty years afterwards. Paper presented at the Polycentric World Inequality, Citizenship and the Middle Classes 14th EADI General Conference 23-26 June 2014, Bonn.

Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Journal, 20(3), 571 - 610.

Tang, Z., Hull, C., & Rothenberg, S. (2011). How corporate social responsibility is pursued affects firm financial performance. Paper presented at the Academy of Management Proceedings, Meeting Abstract Supplement, 1-6.

Uadiale, M. O., & Fagbemi, T. O. (2011). Corporate social responsibility and financial performance in developing economics: The Nigeria experience. Paper presented in the 2011 New Orleans International Academic Conference.

Uwuigbe, U., Uwuigbe, O., & Ajayi, O. (2011). Corporate social responsibility disclosures by environmentally visible corporations: A study of selected firms in Nigeria. European Journal of Business and Management, 3(9), 9-11.

Weygandt, J. J., Kieso, D. E., & Kimmel, P. D. (2008). Managerial accounting: John Wiley & Sons.

Whetten, D. A., Rands, G., & Godfrey, P. (2001). What are the responsibilities of business to society? In A. Pettigrew (Ed.) (pp. 378- 408). London: Sage: Handbook of Strategy and Management.

Ziegler, T. (2018). Expanding horizons. The 3rd European Alternative Finance Industry Report: Cambridge Centre for Alternative Finance.

No any video found for this article.
Ahannaya, C. G. , Iwala, A. T. , Umukoro, J. E. (2021). Investment in Community Development and Return on Assets: Does it Matter?. International Journal of Business Strategy and Social Sciences, 4(1): 1-13. DOI: 10.18488/journal.171.2021.41.1.13
The debate as to what drives return on asserts has remained unabated. Contextual reports have shown that despite organizations declaring several corporate responsibility initiatives to collaborate with the host communities, financial pointers of Oil firms such as, return on assets have maintained fluctuating performance and a steady decline. Thus, this paper probed into the impact investment in community development has on return on assets. The paper employed an Ex-post facto research design with a focus on the population of five multinational oil firms in Nigeria based on availability of data. The study made use of secondary data sourced from the annual reports of the sampled oil companies for a period of ten years (2006 - 2015). The study adopted inferential statistics for panel data analysis. Results revealed that investment in community development had a positive significant impact on ROA (R2 = 0.44, t-statistic is -3.486992 and p = 0.0011) of multinational oil companies in the Niger Delta Nigeria. The study recommended that management of companies should adopt viable strategies to explore community development for the host communities and improve companies host communities’ liaison to achieve sustainable development and guarantee enabling business operating environment in return.
Contribution/ Originality
This study contributes empirically to existing works on investment in community development and return on assets in Nigeria by applying panel data analysis in order to intellectualize the impact of the predictor variable on the dependent to achieve sustainable development for both the host communities and the organization.

Revenue Management Practices and their Impacts on Financial Performance of Star-Rated Hotels in Kenya

Pages: 14-28
Find References

Finding References

Revenue Management Practices and their Impacts on Financial Performance of Star-Rated Hotels in Kenya

Search :
Google Scholor
Search :
Microsoft Academic Search

DOI: 10.18488/journal.171.2021.41.14.28

Michael Murimi , Billy Wadongo , Tom Olielo

Export to    BibTeX   |   EndNote   |   RIS

Adedipe, A. (2018). Star rating attributes and accommodation performance of upmarket hotels in Abuja territory, Nigeria. Doctoral Dissertation, Kenyatta University.  

Anderson, C. K., & Xie, X. (2010). Improving hospitality industry sales: Twenty-five years of revenue management. Cornell Hospitality Quarterly, 51(1), 53-67. Available at:

Anuwichanont, J. (2011). The impact of price perception on customer loyalty in the airline context. Journal of Business & Economics Research (JBER), 9(9), 37-50. Available at:

Bertsimas, D., & Popescu, I. (2003). Revenue management in a dynamic network environment. Transportation Science, 37(3), 257-277. Available at:

Carvell, S. A., & Quan, D. C. (2008). Exotic reservations—Low-price guarantees. International Journal of Hospitality Management, 27(2), 162-169. Available at:

Cetin, G., Demirciftci, T., & Bilgihan, A. (2016). Meeting revenue management challenges: Knowledge, skills and abilities. International Journal of Hospitality Management, 57, 132-142. Available at:

Chenhall, R. H. (2006). Theorizing contingencies in management control systems research. Handbooks of Management Accounting Research, 1, 163-205. Available at:

Choi, S., & Kimes, S. E. (2002). Electronic distribution channels' effect on hotel revenue management. The Cornell Hotel and Restaurant Administration Quarterly, 43(3), 23-31. Available at:

CIEC. (2020). Kenya hotel room and bed occupancy rate. Retrieved from: .

Cross, R. G., Higbie, J. A., & Cross, Z. N. (2011). Milestones in the application of analytical pricing and revenue management. Journal of Revenue and Pricing Management, 10(1), 8-18. Available at:

Cytonn Real Estate. (2017). Nairobi’s hospitality sector report. Nairobi, Kenya. Retrieved from: .

Demirciftci, T., Cobanoglu, C., Beldona, S., & Cummings, P. R. (2010). Room rate parity analysis across different hotel distribution channels in the US. Journal of Hospitality Marketing & Management, 19(4), 295-308. Available at:

El Gayar, N. F., Saleh, M., Atiya, A., El-Shishiny, H., Zakhary, A. A. Y. F., & Habib, H. A. A. M. (2011). An integrated framework for advanced hotel revenue management. International Journal of Contemporary Hospitality Management, 23(1), 84-98.

Enz, C. A., Verma, R., Walsh, K., Kimes, S. E., & Siguaw, J. D. (2010). Cases in innovative practices in hospitality and related services: Set 3. Vol. 10, No. 10, June 2010. Retrieved from: [Accessed 26 Aug 2021].

Ferguson, M., & Smith, S. (2014). The changing landscape of hotel revenue management and the role of the hotel revenue manager. Journal of Revenue and Pricing Management, 13(3), 224-232. Available at:

Ferreira, A., & Otley, D. (2010). Design and use of management control systems: An analysis of the interaction between design misfit and intensity of use. London: CIPFA (Chartered Institute of Public Finance and Accountancy).

Fiedler, F. (1958). Fiedler, F. (1958). Fiedler's contingency theory. Leader Attitudes and Group Effectiveness. Retrieved from:'s-contingency-theory.html .

Gallego, G., & Van Ryzin, G. (1997). A multiproduct dynamic pricing problem and its applications to network yield management. Operations Research, 45(1), 24-41. Available at:

González-Serrano, L., & Talón-Ballestero, P. (2020). Revenue management and e-tourism: The past, present and future. Handbook of e-Tourism, 1-28.

Haensel, A., & Koole, G. (2011). Booking horizon forecasting with dynamic updating: A case study of hotel reservation data. International Journal of Forecasting, 27(3), 942-960. Available at:

Hernandez, N. (2015). Restaurant revenue management: Examining reservation policy implications at fine dining restaurants. Doctoral Dissertation, Walden University.  

Hospitality-Professionals-Association. (2013). Revenue management: An introduction to practitioners. Bournemouth BH2 5Q: Hospitality Professionals Association: Wentworth Jones Limited.

Irandu, E. M. (2006). Sustainable tourism development on Kenya's coast: A hospitality sector view. Anatolia, 17(2), 189-209.

Ivanov, S., & Zhechev, V. (2012). Hotel revenue management–a critical literature review. Tourism: An International Interdisciplinary Journal, 60(2), 175-197.

Karaesmen, I., & Van Ryzin, G. (2004). Overbooking with substitutable inventory classes. Operations Research, 52(1), 83-104. Available at:

Karmarkar, S., & Dutta, G. (2011). Optimal table-mix and acceptance? rejection problems in restaurants. International Journal of Revenue Management, 5(1), 1-15. Available at:

Kenya-National-Bureau-of-Statistics. (2020). Economic survey 2020. Nairobi, Kenya.

Kimes, S. E. (2003). Revenue management: A retrospective. Cornell Hotel and Restaurant Administration Quarterly, 44(5-6), 131-138. Available at:

Kimes, S. E. (2010). Strategic pricing through revenue management. Retrieved from: [Accessed 26 Aug 2021].

Kimes, S. E., Enz, C. A., Siguaw, J. D., Verma, R., & Walsh, K. (2010). Cases in innovative practices in hospitality and related services: Set 2. Vol. 10, No. 4, February 2010. Retrieved from: [Accessed 26 Aug 2021].

Kimes, S., & Anderson, C. K. (2011). Revenue management for enhance profitability: An introduction for hotel owners and asset managers. Retrieved from: [Accessed 26 Aug 2021].

Koide, T., & Ishii, H. (2005). The hotel yield management with two types of room prices, overbooking and cancellations. International Journal of Production Economics, 93, 417-428. Available at:

Koushik, D., Higbie, J. A., & Eister, C. (2012). Retail price optimization at intercontinental hotels group. Interfaces, 42(1), 45-57.

Lieberman, W. H. (1993). Debunking the myths of yield management. Cornell Hotel and Restaurant Administration Quarterly, 34(1), 34-41.

Liu, P. (2012). Optimizing hotel pricing: A new approach to hotel reservations. Vol 12 (10). Retrieved from: [Accessed 26 Aug 2021].

Miricho, M. N. (2013). Yield management strategy in Kenya’s town hotels: Opportunities and scope in room-stock management. Doctoral Dissertation, Kenyatta University.

Monnier, O. (2021). A ticket to recovery: Reinventing Africa’s Tourism Industry, 2021IFC. Retrieved from:"-,Unprecedented%20Crisis,Ivoire%27s%20and%20Kenya%27s%20combined%20GDP .

Morag, C. J. (2013). Effective revenue management in the hospitality industry. London, UK: EyeforTravel Ltd.

Murimi, M., & Wadongo, B. (2021). Application of revenue management practices in star-rated hotels in Kenya. African Journal of Hospitality, Tourism and Leisure, 10(2), 559-574. Available at:

Murimi, M., Wadongo, B., & Olielo, T. (2021). Determinants of revenue management practices and their impacts on the financial performance of hotels in Kenya: A proposed theoretical framework. Future Business Journal, 7(1), 1-7. Available at:

Murimi, M., Wadongo, B., & Olielo, T. (2021). Mediation role of revenue management practices on the linkage between hotel determinants and financial performance of hotels in Kenya. Open Journal of Business and Management, 9(4), 1805-1835. Available at:

Noh, S., Lee, H. C., & Lee, S. K. (2016). Exploring the determinants of strategic revenue management with idiosyncratic room rate variations. Retrieved from:

Noone, B. M., & Mattila, A. S. (2009). Hotel revenue management and the Internet: The effect of price presentation strategies on customers’ willingness to book. International Journal of Hospitality Management, 28(2), 272-279. Available at:

Noone, B. M., McGuire, K. A., & Rohlfs, K. V. (2011). Social media meets hotel revenue management: Opportunities, issues and unanswered questions. Journal of Revenue and Pricing Management, 10(4), 293-305. Available at:

Noone, B. M., Canina, L., & Enz, C. A. (2013). Strategic price positioning for revenue management: The effects of relative price position and fluctuation on performance. Journal of Revenue and Pricing Management, 12(3), 207-220. Available at:

Noone, B. M., Enz, C. A., & Glassmire, J. (2017). Total hotel revenue management: A strategic profit perspective. Retrieved from: [Accessed 26 Aug 2021].

Odawa, E. L. (2017). The efficacy of information and communication technology in creating competitive advantage in 3-5 star-rated hotels in Nairobi, Kenya. Doctoral Dissertation, Kenyatta University.  

Oliveri Martínez-Pardo, G. (2017). Principles of revenue management and their applications. Retrieved from: [Accessed 26 Aug 2021].

Ortega, B. (2016). Revenue management systems and hotel performance in the economic downturn. International Journal of Contemporary Hospitality Management, 28(4), 658-680. Available at:

Padhi, S. S., & Aggarwal, V. (2011). Competitive revenue management for fixing quota and price of hotel commodities under uncertainty. International Journal of Hospitality Management, 30(3), 725-734. Available at:

Palmer, A., & McMahon‐Beattie, U. (2008). Variable pricing through revenue management: A critical evaluation of affective outcomes. Management Research News, 31(3), 189-199. Available at:

Patel, V. (2020). Top hotel revenue management strategies to adopt in 2020 . Retrieved from: .

Pekgün, P., Menich, R. P., Acharya, S., Finch, P. G., Deschamps, F., Mallery, K., . . . Fuller, J. (2013). Carlson Rezidor hotel group maximizes revenue through improved demand management and price optimization. Interfaces, 43(1), 21-36. Available at:

Queenan, C. C., Ferguson, M. E., & Stratman, J. K. (2011). Revenue management performance drivers: An exploratory analysis within the hotel industry. Journal of Revenue and Pricing Management, 10(2), 172-188. Available at:

Santoro, G. (2015). Evaluating performance in the hotel industry: An empirical analysis of Piedmont. Journal of Investment and Management, 4(1-1), 17-22.

Speckbacher, G., & Offenberger, P. (2010). The design of management control systems in non-profit organizations: How can trust and control be balanced? : Vienna University of Economics and Business. Retrieved from: .

Talluri, K. T., & Van-Ryzin, G. J. (2006). The theory and practice of revenue management (Vol. 68). Berlin: Springer Science & Business Media.

Torc'h, L. (2013). Revenue management and it impacts on its actors in the hospitality industry. Doctoral Dissertation.  

Tourism Regulatory Authority (TRA). (2020). Classification of Hotels in Kenya. Retrieved from: .

Tranter, K. A., Stuart-Hill, T., & Parker, J. (2008). Introduction to revenue management for the hospitality industry. Harlow: Pearson Prentice Hall.

Varini, K., & Sirsi, P. (2012). Social media and revenue management; Where should the two meet? Journal of Technology Management for Growing Economies, 3(1), 33-46. Available at:

Wadongo, B. I. (2014). 'Performance management and evaluation in non-profit organisations: An embedded mixed methods approach'. PhD Thesis. University of Bedfordshire.  

Wadongo, B., & Abdel-Kader, M. (2014). Contingency theory, performance management and organisational effectiveness in the third sector. International Journal of Productivity and Performance Management, 63(6), 680-703.

Wang, X. L., Yoonjoung Heo, C., Schwartz, Z., Legohérel, P., & Specklin, F. (2015). Revenue management: progress, challenges, and research prospects. Journal of Travel & Tourism Marketing, 32(7), 797-811. Available at:

Weatherford, L. R. (1995). Length of stay heuristics: Do they really make a difference? The Cornell Hotel and Restaurant Administration Quarterly, 36(6), 70-79. Available at:

Whitfield, R., & Duffy, A. (2013). Extended revenue forecasting within a service industry. International Journal of Production Economics, 141(2), 505-518. Available at:

Wirtz, J., & Kimes, S. E. (2007). The moderating role of familiarity in fairness perceptions of revenue management pricing. Journal of Service Research, 9(3), 229-240. Available at:

Zhang, M., & Bell, P. C. (2010). Fencing in the context of revenue management. International Journal of Revenue Management, 4(1), 42-68. Available at:

Zhang, D., & Weatherford, L. (2017). Dynamic pricing for network revenue management: A new approach and application in the hotel industry. INFORMS Journal on Computing, 29(1), 18-35. Available at:

No any video found for this article.
Michael Murimi , Billy Wadongo , Tom Olielo (2021). Revenue Management Practices and their Impacts on Financial Performance of Star-Rated Hotels in Kenya. International Journal of Business Strategy and Social Sciences, 4(1): 14-28. DOI: 10.18488/journal.171.2021.41.14.28
The study's goal was to investigate how revenue management (RM) techniques affect the financial performance of Kenya's star-rated hotels. The study aimed to examine if RM policies and implementation, the RM team, the application of RM methodologies, RM data and information, and the use of pricing and non-pricing instruments were all factors. The study used a cross-sectional survey research methodology and took a quantitative approach. The survey included 137 revenue managers from Kenyan all-star hotels. The structural equation modeling was used to test the linkages; revenue management strategies have an impact on hotel financial success, according to the research. The results indicated that RM practices explain variation in financial performance indicators by 42.7 percent (R2 =0.427), improved financial performance by 48.4 percent (R2 =0.48.4), and overall performance by 47.4 percent (R2 =0.474). The article recommends that hotels adopt RM tactics to fully achieve and maximize financial performance, including reducing operational expenses, forecasting hotel growth, improving yields, and generating income.
Contribution/ Originality
The study contributes to the existing literature and provides the empirical evidence that strengthens the collective evidence for conceptualizing and describing revenue management practices and their impacts on hotels' financial performance. The study laid the foundation for advanced future studies related to revenue management practices in hotels.

Green Supply Chain Management and Firm Performance: Evidence from Ghana’s Food Production and Processing Industry

Pages: 29-42
Find References

Finding References

Green Supply Chain Management and Firm Performance: Evidence from Ghana’s Food Production and Processing Industry

Search :
Google Scholor
Search :
Microsoft Academic Search

DOI: 10.18488/journal.171.2021.41.29.42

Listowel Owusu Appiah , Michael Odartey

Export to    BibTeX   |   EndNote   |   RIS

No any video found for this article.
Listowel Owusu Appiah , Michael Odartey (2021). Green Supply Chain Management and Firm Performance: Evidence from Ghana’s Food Production and Processing Industry. International Journal of Business Strategy and Social Sciences, 4(1): 29-42. DOI: 10.18488/journal.171.2021.41.29.42
Based on the Natural Resource Based View (NRBV), this study examines the relationship between Green Supply Chain Management practices and Firm performance in response to calls for empirical evidence from developing country contexts, and the need to consider the Triple Bottom Line approach to sustainability performance measurement. The study is conducted among Food production and processing firms in Ghana. A structured questionnaire was administered to a Senior Manager in each of the respective organizations. Based on data collected from 94 firms, this study uses OLS regression to examine the relationship between GSCM implantation and operational, environmental, social, and economic firm performance. The results indicate a positive relationship between GSCM implementation and all four firm performance dimensions. This suggests that it is in the best interest of managers to deploy resources towards the implementation of green initiatives, as there are potential gains to be made in the long run.
Contribution/ Originality
This study contributes to the scholarly discussion on whether it pays to be green. We provide empirical evidence from a developing economy in Sub Saharan Africa. The study is one of the few to include all dimensions of sustainability performance (environmental, social and economic) in a single model.