Risk management and financial sustainability in tourism from a gender perspective: A governance implication

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Abstract

The tourism industry faces significant challenges in achieving financial sustainability, particularly in addressing gender inequalities. This research investigates the intersection of gender and risk management practices within the tourism sector, focusing on the research questions of how gender perspectives influence risk management practices in tourism and what strategies can be implemented to promote equitable financial outcomes in the tourism industry. Using a comparative methodology and analyzing documents, reports, and institutional data, the study examines the role of gender-inclusive risk management practices in fostering financial resilience. Key findings reveal that companies incorporating gender perspectives in risk assessments demonstrate greater financial stability and adaptability to market fluctuations (Swart et al., 2024). The conclusion emphasizes the necessity of integrating gender considerations into risk management frameworks to enhance financial sustainability and contribute to more inclusive corporate governance in tourism. This research underscores the importance of gender-sensitive policies in advancing social equity and financial resilience within the industry (Ritchie & Jiang, 2021).

Keywords: Risk Management, Financial Sustainability, Tourism, Gender Perspective, Corporate Governance, Social Inclusion

Authors’ individual contribution: Conceptualization — A.K. and A.T.; Methodology — A.K. and A.T.; Validation — A.T.; Formal Analysis — A.T. and A.K.; Investigation — A.K.; Resources — A.K. and A.T.; Data Curation — A.T.; Writing — Original Draft — A.T. and A.K.; Writing — Review & Editing — A.K. and A.T.; Supervision — A.K.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: Z3, Z32, J7, J71

Received: 30.08.2024
Revised: 16.12.2024; 15.05.2025
Accepted: 30.05.2025
Published online: 04.06.2025

How to cite this paper: Krasniqi, A., & Tahiri, A. (2025). Risk management and financial sustainability in tourism from a gender perspective: A governance implication [Special issue]. Journal of Governance & Regulation, 14(2), 317–323. https://doi.org/10.22495/jgrv14i2siart10