https://scholars.lib.ntu.edu.tw/handle/123456789/612301
標題: | Risk and benefits brought by formal sustainability programs on fashion enterprises under market disruption | 作者: | Li W.-Y. TSAN MING CHOI Chow P.-S. |
關鍵字: | Business performance; Fashion enterprises; Market disruption; Risk; Sustainability programs | 公開日期: | 2015 | 出版社: | Elsevier | 卷: | 104 | 起(迄)頁: | 348-353 | 來源出版物: | Resources, Conservation and Recycling | 摘要: | The recent global 2008 financial crisis created a big market disruption to the fashion industry. Since then, it has seriously hurt the performance of many companies in the fashion industry. It is known that implementation of formal sustainability programs of most fashion companies relate a lot to their resource management as well as supply chain structure. A natural question on "how the formal sustainability program affects the fashion enterprises under the market disruption" hence arises. To answer this question, we collect publicly available real data of 45 listed fashion enterprises and conduct an empirical statistical study. To be specific, we compare the business performances of the fashion groups with and without formal sustainability programs before and after the market disruption. We find some statistically significant results which reveal that fashion enterprises which have not established formal sustainability programs perform relatively well under the market disruption. After that, we drill deeper and show that the "fashionable" fashion groups (SFFGs) which have developed sustainability programs suffer a drop in ROE and there is no enhancement in any other dimensions. For the "basic" fashion groups (SBFGs), their sales drop after market disruption but actually they can reduce cost and maintain profitability. We further discuss our findings and generate important managerial insights. ?2014 Elsevier B.V. All rights reserved. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84949623704&doi=10.1016%2fj.resconrec.2014.08.005&partnerID=40&md5=bbd0ee1ff266ee12ead171ee04ae340e https://scholars.lib.ntu.edu.tw/handle/123456789/612301 |
DOI: | 10.1016/j.resconrec.2014.08.005 | SDG/關鍵字: | Drops; Financial markets; Risks; Supply chains; Sustainable development; Business performance; Fashion companies; Fashion industry; Financial crisis; Resource management; Statistical study; Supply chain structures; Sustainability project; Commerce; financial crisis; industrial performance; market conditions; performance assessment; profitability; secondary sector industry; sustainability; Article; commercial phenomena; controlled study; cost control; fashion industry; industry; market disruption; profit; resource management; risk benefit analysis; sustainability program |
顯示於: | 工商管理學系 |
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