| Abstract |
This study utilized partial least squares structural equation modeling to investigate the
interplay among planned resilience, adaptive resilience, and financial performance in
the hospitality and tourism (H&T) sector. Additionally, the potential gender gap in the
relationship between adaptive resilience and financial performance was examined
through multi-group analysis. Data were gathered from 315 micro and small enterprises
in the H&T sector across three key areas in Northern Mindanao, Philippines, selected
based on their high tourist traffic. The results revealed that while planned resilience
positively influenced adaptive resilience, it did not significantly affect financial
performance. Contrary to prior literature, the study indicated an inverse relationship
between adaptive resilience and financial performance. This suggests a unique impact
of the COVI D-19 disruption on financial outcomes and underscoring the limitations of
adaptive resilience in driving financial recovery. Moreover, the analysis showed that
men exhibited a stronger positive relationship between adaptive resilience and financial
performance than women, suggesting gender disparities. In conclusion, this study
highlights the critical importance of unified efforts and gender-tailored programs to
support the financial recovery of the H&T micro and small enterprises, particularly in
developing countries. Further research into the diverse antecedents of entrepreneurial resilience is recommended. |
Mindanao State
University - Iligan Institute of Technology