Destination Governance: Using Corporate Governance Theories as a Foundation for Effective Destination Management
Journal
Journal of Travel Research
ISSN
0047-2875
ISSN-Digital
1552-6763
Type
journal article
Date Issued
2007-08-01
Author(s)
Abstract
There is an ongoing debate on the performance of corporate versus community based destina-tion management models. New forms of integrated centrally managed destinations challenge the business models of traditional historically grown destinations driven by decentralized ownership. This paper analyses the contribution of corporate governance theories to the ex-planation of destination governance structures and evolution. With the help of six selected dimensions of corporate governance and the operationalisation through concrete items, twelve destinations in the Swiss Alps are analysed and assessed. Various destination governance forms and mechanisms reveal the context for conditions for success.
Language
English
Keywords
destination governance
corporate governance
transaction cost theory
property rights theory
principal agent theory
network theory
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Sage
Publisher place
Thousand Oaks
Volume
46
Number
1
Start page
96
End page
107
Pages
12
Subject(s)
Eprints ID
39425