Corrupt Environment, Marketization Level and Growth of Five-star Hotel Industry

Tingting Zhou, Jing Yu, Junnuo Shi

Abstract


Under the situation of frequent corruption behaviors of government officials and strict requests on cracking down on corruption, using the panel data of provincial five-star hotels, this paper investigates the existence and continuity of development model of “Corruption Economy” in five-star hotel industry, and detects the way for sustainable development of five-star hotel industry on the background of anti-corruption from the perspective of marketization. The results show that degree of state corruption represented by Control of Corruption has a positive effect on the growth of five-star hotel industry. Anti-corruption policies in litigation system, the efforts of implementing these policies to combat corruption, and public’s perceived corruption and anti-corruption all verify a negative impact on five-star hotel industry. Practice shows that anti-corruption breaks the false prosperity of “corruption economy” model. Only with a perfect market system as well as fair market competition order, the five-star hotel industry can realize a sustainable growth.


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DOI: https://doi.org/10.5296/ieb.v5i2.15890

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