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

被引：35

作者：

Ye, Maosheng ^{[1
]}

Shen, Jim H. ^{[2
,3
,4
]}

Golson, Eric ^{[5
]}

Lee, Chien-Chiang ^{[6
]}

Li, Yuting ^{[7
]}

机构：

[1] Wuhan Text Univ, Ctr Ind Econ Res, Sch Econ & Management, Wuhan, Peoples R China

[2] Fudan Univ, Sch Management, Dept Appl Econ, Shanghai, Peoples R China

[3] Harvard Univ, Harvard Kennedy Sch, Ctr Int Dev, Growth Lab, Cambridge, MA 02138 USA

[4] Univ Navarra, Core China Res Ctr, Sch Econ & Business, Pamplona, Spain

[5] Univ Surrey, Dept Econ, Guildford, Surrey, England

[6] Nanchang Univ, Sch Econ & Management, Nanchang, Jiangxi, Peoples R China

[7] Peking Univ, Inst New Struct Econ, Beijing, Peoples R China

来源：

INTERNATIONAL FINANCE | 2022年 / 25卷 / 02期

关键词：

Baidu index; event analysis; Sino-US trade friction; stock returns; textile and apparel industry; STOCK; RETURNS;

D O I：

10.1111/infi.12413

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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.

引用

页码：151 / 166

页数：16

共 50 条

[21] The Impact of Sino-US Relations in 1980s on China's Economic Development
Niu, Hai-hua
Zhang, Xue
PROCEEDINGS OF THE 2013 INTERNATIONAL CONFERENCE ON THE MODERN DEVELOPMENT OF HUMANITIES AND SOCIAL SCIENCE, 2013, : 101 - 103
[22] Empirical Analysis on the Impact of US Trade Policy Uncertainty on Sino-US Bilateral Trade Imbalances
Guan, Jialin
Wang, Yu
Wang, Yunfeng
BASIC & CLINICAL PHARMACOLOGY & TOXICOLOGY, 2020, 127 : 130 - 130
[23] China entry to WTO vs. Sino-US trade relationship
Yu, PL
Sun, JQ
PROCEEDINGS OF THE 2001 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING, VOLS I AND II, 2001, : 1468 - 1471
[24] Foreign Direct Investment in China: Effects on SINO-US Trade Imbalance
Xiang, Longbin
Lv, Jie
Huang, Yue
2011 INTERNATIONAL CONFERENCE ON AEROSPACE ENGINEERING AND INFORMATION TECHNOLOGY (AEIT 2011), 2011, : 257 - 262
[25] Study on the Strategy of Solving Sino-US Trade Friction under the New Normal
Ji, Hong
Zhang, Pei-wen
Zou, Yun-qin
INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT AND APPLIED SOCIAL SCIENCE (EMASS 2016), 2016,
[26] Trade Friction,Upgrading Path and Development of Chinese Textile and Apparel Industry
赵君丽
JournalofDonghuaUniversity(EnglishEdition), 2008, (01) : 88 - 94
[27] Trade friction, upgrading path and development of Chinese textile and apparel industry
Zhao, Jun-Li
Journal of Donghua University (English Edition), 2008, 25 (01) : 88 - 94
[28] The Impact of Sino-US Trade War on Chinese Industrial Structure and Countermeasure
Sheng, Man
PROCEEDINGS OF THE 2018 8TH INTERNATIONAL CONFERENCE ON MANAGEMENT, EDUCATION AND INFORMATION (MEICI 2018), 2018, 163 : 399 - 403
[29] The impact of the Sino-US trade conflict on global shipping carbon emissions
Guo, Jiajia
Huang, Qingbo
Cui, Lianbiao
JOURNAL OF CLEANER PRODUCTION, 2021, 316
[30] Sino-US Trade:from Confrontation to Dialogue
Niu Fangli
China'sForeignTrade, 2004, (03) : 13 - 14

← 1 2 3 4 5 →