{"title":"K-Fashion企业的兴衰：探讨企业倒闭新闻对股市指数的影响","authors":"Hyojung Kim","doi":"10.1186/s40691-025-00414-1","DOIUrl":null,"url":null,"abstract":"<div><p>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.</p></div>","PeriodicalId":555,"journal":{"name":"Fashion and Textiles","volume":"12 1","pages":""},"PeriodicalIF":2.3000,"publicationDate":"2025-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://fashionandtextiles.springeropen.com/counter/pdf/10.1186/s40691-025-00414-1","citationCount":"0","resultStr":"{\"title\":\"The rise and fall of K-Fashion business: exploring the impact of corporate failure news on stock market indices\",\"authors\":\"Hyojung Kim\",\"doi\":\"10.1186/s40691-025-00414-1\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>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.</p></div>\",\"PeriodicalId\":555,\"journal\":{\"name\":\"Fashion and Textiles\",\"volume\":\"12 1\",\"pages\":\"\"},\"PeriodicalIF\":2.3000,\"publicationDate\":\"2025-04-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://fashionandtextiles.springeropen.com/counter/pdf/10.1186/s40691-025-00414-1\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Fashion and Textiles\",\"FirstCategoryId\":\"88\",\"ListUrlMain\":\"https://link.springer.com/article/10.1186/s40691-025-00414-1\",\"RegionNum\":4,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"MATERIALS SCIENCE, TEXTILES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Fashion and Textiles","FirstCategoryId":"88","ListUrlMain":"https://link.springer.com/article/10.1186/s40691-025-00414-1","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MATERIALS SCIENCE, TEXTILES","Score":null,"Total":0}
The rise and fall of K-Fashion business: exploring the impact of corporate failure news on stock market indices
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.
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.
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