The impact of Sino–US trade friction on the performance of China's textile and apparel industry

IF 16.4 1区 化学 Q1 CHEMISTRY, MULTIDISCIPLINARY
Maosheng Ye, Jim H. Shen, Eric Golson, Chien-Chiang Lee, Yuting Li
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引用次数: 29

Abstract

This study applies the event-analysis method and takes three Chinese listed textile and apparel companies that are representative of the upstream, midstream, and downstream of the textile value chain as research objects. By tracking the Baidu index trend of the keyword “trade war” to identify the ‘time window’ for each iconic event, we apply the autoregressive distributed lag approach to examine the impact of important landmark events on the performance of these companies during the period of Sino–US trade friction in 2018. We find that the impact diminished over time. Additionally, compared with upstream companies, midstream and downstream companies were hurt more. However, the risks were generally controllable.

中美贸易摩擦对中国纺织服装行业业绩的影响
本研究采用事件分析法,选取具有纺织价值链上、中、下游代表性的三家中国纺织服装上市公司作为研究对象。通过跟踪关键词“贸易战”的百度指数趋势,确定每个标志性事件的“时间窗口”,应用自回归分布滞后方法,考察2018年中美贸易摩擦期间重要标志性事件对这些公司业绩的影响。我们发现这种影响随着时间的推移而减弱。此外,与上游企业相比,中下游企业受到的伤害更大。然而,风险总体上是可控的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Accounts of Chemical Research
Accounts of Chemical Research 化学-化学综合
CiteScore
31.40
自引率
1.10%
发文量
312
审稿时长
2 months
期刊介绍: Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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