The rise and fall of K-Fashion business: exploring the impact of corporate failure news on stock market indices

IF 2.3 4区管理学 Q1 MATERIALS SCIENCE, TEXTILES

Fashion and Textiles Pub Date : 2025-04-15 DOI:10.1186/s40691-025-00414-1

Hyojung Kim

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引用次数: 0

Abstract

Global demand for K-Fashion has paralleled the rise and fall of numerous South Korean firms. Drawing on the corporate life cycle and news priming theories, this study explores how online news on insolvent K-Fashion firms shapes the stock market’s business cycle. In Study 1, we conducted dynamic topic modeling to analyze 35,960 news articles from 2010 to 2022. The findings revealed three categories of chronological topic changes, including sales performance improvement strategies, organizational restructuring, and the impact of global fashion labels. In Study 2, we employed multiple regression analysis to measure how insolvent K-Fashion firms’ news and macroeconomic factors affect the clothing firms in the Korea Composite Stock Price Index. The results demonstrated that equity disclosure, bankruptcy, Samsung C&T’s governance changes, and business diversification significantly influenced the stock market index. Integrating both natural language processing and structured data in this study offers practical insights to fashion firms and stock market investors.

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K-Fashion企业的兴衰：探讨企业倒闭新闻对股市指数的影响

全球对K-Fashion的需求与众多韩国公司的兴衰同步。利用企业生命周期和新闻启动理论，本研究探讨了破产K-Fashion公司的在线新闻如何塑造股票市场的商业周期。在Study 1中，我们对2010年至2022年的35,960篇新闻文章进行了动态主题建模。调查结果揭示了三种时间顺序的主题变化，包括销售业绩改善策略、组织重组和全球时尚品牌的影响。在研究2中，我们采用多元回归分析来衡量破产K-Fashion公司的新闻和宏观经济因素对韩国综合股价指数中的服装公司的影响。结果表明，股权披露、破产、三星物产治理结构变动和业务多元化对股票市场指数有显著影响。本研究结合自然语言处理和结构化数据，为时装公司和股票市场投资者提供了实用的见解。

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来源期刊

Fashion and Textiles Business, Management and Accounting-Marketing

CiteScore

4.40

自引率

4.20%

发文量

审稿时长

13 weeks

期刊介绍： Fashion and Textiles aims to advance knowledge and to seek new perspectives in the fashion and textiles industry worldwide. We welcome original research articles, reviews, case studies, book reviews and letters to the editor. The scope of the journal includes the following four technical research divisions: Textile Science and Technology: Textile Material Science and Technology; Dyeing and Finishing; Smart and Intelligent Textiles Clothing Science and Technology: Physiology of Clothing/Textile Products; Protective clothing ; Smart and Intelligent clothing; Sportswear; Mass customization ; Apparel manufacturing Economics of Clothing and Textiles/Fashion Business: Management of the Clothing and Textiles Industry; Merchandising; Retailing; Fashion Marketing; Consumer Behavior; Socio-psychology of Fashion Fashion Design and Cultural Study on Fashion: Aesthetic Aspects of Fashion Product or Design Process; Textiles/Clothing/Fashion Design; Fashion Trend; History of Fashion; Costume or Dress; Fashion Theory; Fashion journalism; Fashion exhibition.