中美贸易摩擦对中国纺织服装行业业绩的影响

IF 1.3 4区经济学 Q3 BUSINESS, FINANCE

International Finance Pub Date : 2022-06-01 DOI:10.1111/infi.12413

Maosheng Ye, Jim H. Shen, Eric Golson, Chien-Chiang Lee, Yuting Li

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引用次数: 29

摘要

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

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.

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来源期刊

International Finance Multiple-

CiteScore

2.50

自引率

8.30%

发文量

期刊介绍： International Finance is a highly selective ISI-accredited journal featuring literate and policy-relevant analysis in macroeconomics and finance. Specific areas of focus include: · Exchange rates · Monetary policy · Political economy · Financial markets · Corporate finance The journal''s readership extends well beyond academia into national treasuries and corporate treasuries, central banks and investment banks, and major international organizations. International Finance publishes lucid, policy-relevant writing in macroeconomics and finance backed by rigorous theory and empirical analysis. In addition to the core double-refereed articles, the journal publishes non-refereed themed book reviews by invited authors and commentary pieces by major policy figures. The editor delivers the vast majority of first-round decisions within three months.