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Article
Publication date: 8 May 2017

Kannan Govindan and Tsan-Ming Choi

608

Abstract

Details

Supply Chain Management: An International Journal, vol. 22 no. 3
Type: Research Article
ISSN: 1359-8546

Article
Publication date: 13 September 2022

Weihua Liu, Xinyun Liu and Tsan-Ming Choi

This study aims to explore the impact of supply chain quality event (SCQE) announcements on enterprises’ stock market value.

Abstract

Purpose

This study aims to explore the impact of supply chain quality event (SCQE) announcements on enterprises’ stock market value.

Design/methodology/approach

This study adopts the event study approach and analyzes the changes in shareholder value of companies listed in China based on data from 118 SCQE announcements. In the event study, the market, market-adjusted and Carhart four-factor models are used to estimate abnormal stock market returns, and a cross-sectional regression model is performed to examine the effects of SCQE announcements on enterprises’ stock market value.

Findings

SCQE announcements have a negative impact on shareholder value. From the perspective of the supply chain network structure, the market reacts more negatively to SCQE announcements issued by the enterprises with higher supply chain concentration. From the perspective of companies’ characteristics, announcements that do not reflect the establishment of supply chain quality cooperation have a more negative effect on stock market value, which indicates that the supply chain network structure and firm-level characteristic can moderate the market reaction.

Practical implications

The findings demonstrate a quantitative evaluation of how SCQE announcements affect the stock market value of listed companies and provide guidance for managers to enhance the value of SCQE announcements.

Originality/value

This study fills the research gap on the impact of SCQE announcements on stock market value by using secondary data and first explores the relationship between SCQE announcements and stock market value from the perspective of supply chain network. Furthermore, this study contributes to the literature on SCQE using an empirical study in China.

Details

International Journal of Operations & Production Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0144-3577

Keywords

Article
Publication date: 28 March 2022

Weihua Liu, Jingkun Wang, Fu Jia and Tsan-Ming Choi

This study aims to explore the impact of blockchain announcements on enterprises' stock market value.

Abstract

Purpose

This study aims to explore the impact of blockchain announcements on enterprises' stock market value.

Design/methodology/approach

Based on resource-based theory, this study constructs a complete framework of the impact mechanism of blockchain announcements on the stock price of the announcing firm using the data of 143 blockchain announcements. An event study methodology is used in this research, and the market model, market-adjusted model and Carhart four-factor model are used to estimate stock abnormal returns after the blockchain announcement; and the cross-sectional regression model is used to test the influencing factors.

Findings

Blockchain announcements elicit a significantly positive market reaction on the release day. Compared to announcements not pertaining to technical innovation, blockchain technical innovation announcements exhibit a more positive market reaction towards the announcing companies. Strategic-level announcements exhibit a more positive market reaction than operational-level announcements. Enterprise characteristics, such as enterprise-scale and enterprise innovation ability, do not affect stock market reactions to blockchain announcements.

Practical implications

The findings reveal the economic value of conducting blockchain activities in the Chinese stock market. Findings of this study can help managers understand the value of implementing blockchain activities in a different market environment and guide them on how to improve the market value of their enterprises through the active implementation of blockchain activities.

Originality/value

To the best of the authors’ knowledge, this is the first event study to focus solely on the value of pure blockchain announcements in an emerging market. This study considers multiple resource and capability factors that would influence blockchain technology adoption, improve the current understanding of how blockchain announcements affect corporate stock prices and provide directions for future comparative studies of market reactions to blockchain announcements in different stock markets.

Details

International Journal of Operations & Production Management, vol. 42 no. 5
Type: Research Article
ISSN: 0144-3577

Keywords

Article
Publication date: 4 May 2012

Holly Pui‐Yan Ho and Tsan‐Ming Choi

The purpose of this paper is to explain why fashion companies would “go green” and to evaluate business models and sustainable supply chains. By applying the Five‐R…

8484

Abstract

Purpose

The purpose of this paper is to explain why fashion companies would “go green” and to evaluate business models and sustainable supply chains. By applying the Five‐R framework, the authors further evaluate the initiation, implementation and institutionalization journey of a local fashion company and generate important insights and findings.

Design/methodology/approach

It is an exploratory qualitative study. The Five‐R conceptual framework is reviewed, proposed, and applied for a real case analysis.

Findings

From the studies, data and literature gathered and analyzed hitherto, it is evident that fashion companies can seize competitive advantage through strategic management of environmental challenges. In their greening initiatives, fashion companies should strongly consider the product development process and extend stewardship across the multiple life‐cycles of products. The Five‐R framework, together with its future extensions, can offer an opportunity to clearly display what has been achieved by the company at present and also succinctly demonstrate what area the company is lacking in or where there is room for further beneficial development.

Research limitations/implications

This research focuses on examining the scenario of one real company. The findings need not be generalized and applicable to all companies: this is a major research limitation of this study.

Practical implications

The research findings can help explain and conceptualize fashion companies’ journal of going‐green. Some specific recommendations are given and managerial insights are generated.

Originality/value

This paper undertakes a qualitative real case analysis to study green supply chain management (SCM) challenges by applying the Five‐R framework. The authors believe that this study belongs to the first group of research works which specifically examine this area in the domain of fashion marketing and management.

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 16 no. 2
Type: Research Article
ISSN: 1361-2026

Keywords

Content available
6090

Abstract

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 16 no. 2
Type: Research Article
ISSN: 1361-2026

Article
Publication date: 1 August 2008

Yong Yu, Tsan-Ming Choi, Kin-Fan Au and Chui-Yan Kwan

The fashion industry faces more challenges from demand uncertainty than many other businesses because it creates products that are highly seasonal with short lifetimes and…

Abstract

The fashion industry faces more challenges from demand uncertainty than many other businesses because it creates products that are highly seasonal with short lifetimes and demand is inherently volatile. Such a situation introduces difficulties in fashion supply chain management. The solution to the agile supply chain involves setting up seamless or boundary-less connections between supply chain members. These connections can minimize buffers between the different stages in the chain. In an agile network, such connection is critical and can be enabled by web-software, allowing different actors to be connected without needing to have the same computer system. With integrated web systems, businesses in different geographical locations can behave as if they belong to the same enterprise. The forecasting of future sales is one of the key constituents of these solutions. Today’s enterprises in fashion often employ various IT services in supply chain operations and a forecasting system is often expected to be accessible by independent users and systems through a standardized interface. Therefore, web-software is the right solution in this circumstance. There are many methods in the sales forecasting field. In this paper, we focus on exploring the implementation of a web-based forecasting system in which various forecasting methods can be utilized. This web-based forecasting system is expected to bring great flexibility into fashion enterprise operations and enhance their supply chain management. A case analysis is presented in the paper in which a neural network is utilized as the forecasting method. We believe that the implementation mechanism is highly applicable to help fashion companies in improving their operations.

Details

Research Journal of Textile and Apparel, vol. 12 no. 3
Type: Research Article
ISSN: 1560-6074

Keywords

Article
Publication date: 11 July 2008

Shuk‐Ching Liu, Tsan‐ming Choi and Wing Tak Lee

This paper aims to study the shopping preferences of the mainland Chinese travelers who visit Hong Kong under the solo travel policy (STP), and identify the differences…

3432

Abstract

Purpose

This paper aims to study the shopping preferences of the mainland Chinese travelers who visit Hong Kong under the solo travel policy (STP), and identify the differences between their expected and actual satisfactory levels towards fashion retailers in Hong Kong.

Design/methodology/approach

An empirical research method with surveys was employed. Statistical methods, such as the paired t‐test, were used to analyze the data.

Findings

A significant difference between the respondents' actual shopping satisfactions and their expectations was found for several factors. Some shopping preferences and spending patterns of the STP travelers were identified.

Research limitations/implications

Owing to resource constraints, the data were collected at a few locations only. This is a major research limitation of this study.

Practical implications

The research findings can help fashion retailers to understand better the needs of STP travelers from mainland China. Some specific recommendations are given and managerial insights are generated.

Originality/value

This paper undertakes empirical research to study mainland tourists' shopping behavior towards Hong Kong fashion retailers under the STP. This study is one of the first research works exploring this area.

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 12 no. 3
Type: Research Article
ISSN: 1361-2026

Keywords

Content available
Article
Publication date: 20 September 2010

1298

Abstract

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 14 no. 4
Type: Research Article
ISSN: 1361-2026

Content available
Article
Publication date: 13 July 2010

Helen D. Rowe

2591

Abstract

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 14 no. 3
Type: Research Article
ISSN: 1361-2026

Article
Publication date: 4 May 2012

Bin Shen, Yulan Wang, Chris K.Y. Lo and Momoko Shum

The purpose of this paper is to examine the relationship between ethical fashion and consumer purchase behavior (their willingness to pay a premium for ethical fashion)…

44708

Abstract

Purpose

The purpose of this paper is to examine the relationship between ethical fashion and consumer purchase behavior (their willingness to pay a premium for ethical fashion), with the focus on consumers’ concerns and beliefs about, and knowledge of, ethical fashion.

Design/methodology/approach

A self‐completion questionnaire was administered to 109 respondents. Factor analysis and other statistical analyses were applied to test hypotheses.

Findings

The findings suggest that consumer beliefs about ethical fashion, which are based on their perceptions of a company in terms of its reputation in the fashion industry, influence their support for what they perceive as socially and environmentally responsible businesses.

Research limitations/implications

The sample size, which is relatively small, is a limitation for this research. The data were collected in Hong Kong, limiting findings to that geographic region.

Practical implications

An important implication is that consumer education is essential to mitigate the prevailing throwaway culture and raise consumer awareness of ethical issues facing the fashion industry. Thus, retailers should take initiatives to educate consumers so as to ensure the success of their newly‐launched ethical fashion products.

Originality/value

The paper proposes an approach to clearly understand the impacts of ethical fashion on consumer purchase behavior.

Details

Journal of Fashion Marketing and Management: An International Journal, vol. 16 no. 2
Type: Research Article
ISSN: 1361-2026

Keywords

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