Economic and political uncertainties and sustainability disclosures in the tourism sector firms

The paper investigates the impact of national-level economic and political uncertainties on the quantity of environmental, social, and governance (ESG) sustainability disclosures by the tourism sector firms. The findings indicate that with the increase in economic and political uncertainties, tourism firms make more of the sustainability disclosures mainly to build good relationships with various stakeholders and to spread good word of mouth about the firm’s contribution to social welfare and environmental conservatism. The findings show the role of sustainability disclosures in moderating the impact of economic uncertainty on firm value during the COVID-19 period and global financial crisis period.