The sudden outbreak of COVID-19 has engendered unprecedent challenges and disruptions in nearly every field across the globe. The destabilized economic conditions have resulted in large-scale downsizing and layoffs, particularly in the hospitality and tourism sector which is the focus of the study. This scenario has prompted financial strain and reduced subjective well-being among those individuals who were laid off. Using the conservation of resources (COR) theory, we investigated the impact of financial strain on the subjective well-being of the laid off employees (N=284) in the hospitality and tourism sector through the mediating mechanism of negative affectivity. We also investigated the extent to which this mediated relationship is moderated by the individuals’ core-self evaluations. The results provided support for the hypothesized relationships in the study. We discuss the theoretical and practical implications of our research.
|Number of pages||1|
|Journal||Academy of Management Proceedings|
|Early online date||26 Jul 2021|
|Publication status||Published - 1 Aug 2021|
|Event||81st Annual Meeting of the Academy of Management: Bringing the Manager Back in Management - Virtual due to COVID-19, United States|
Duration: 30 Jul 2021 → 3 Aug 2021
Conference number: 81