Environmental Management System Adoption and the Operational Performance of Firm in the Textile and Apparel Industry of China

doi:10.3390/su9060992

CSpace

	Environmental Management System Adoption and the Operational Performance of Firm in the Textile and Apparel Industry of China
	Li, Biao 1; Wu, Kekun 1,2
	2017-06-01
发表期刊	SUSTAINABILITY
ISSN	2071-1050
卷号	9 期号:6 页码:11
摘要	In China, more firms in the textile and apparel industry adopt environmental management systems compared to firms that manufacture other products. It is important to know how the firms' financial and real performances are affected. We study the changes of firms' performance in profitability, sales, and operational efficiency after environmental management system (EMS) adoption using an event study. Based on 22 events of EMS adoption, we found a significant decrease in firms' profitability, sales, and inventory productivity. We explore the reasons which led to the decrease in firm performances. We found that the increase in sample firms' total assets is the major reason. The loss in operational efficiency and flexibility are due to the requirements of the EMS.
关键词	social sustainable performance operations event study textile and apparel industry
DOI	10.3390/su9060992
语种	英语
资助项目	Fundamental Research Funds for the Central Universities ; Innovative Research Team Project: Financial Risk Management ; Zhongnan University of Economics and Law[31541310516] ; Zhongnan University of Economics and Law[31541410505]
WOS研究方向	Environmental Sciences & Ecology
WOS类目	Environmental Sciences ; Environmental Studies
WOS记录号	WOS:000404133200123
出版者	MDPI AG
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/25899
专题	中国科学院数学与系统科学研究院
通讯作者	Wu, Kekun
作者单位	1.Zhongnan Univ Econ & Law, Sch Finance, MBA Sch, 182 Nanhu Ave, Wuhan 430073, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, 55 Zhongguancun East Rd, Beijing 100190, Peoples R China
推荐引用方式 GB/T 7714	Li, Biao,Wu, Kekun. Environmental Management System Adoption and the Operational Performance of Firm in the Textile and Apparel Industry of China[J]. SUSTAINABILITY,2017,9(6):11.
APA	Li, Biao,&Wu, Kekun.(2017).Environmental Management System Adoption and the Operational Performance of Firm in the Textile and Apparel Industry of China.SUSTAINABILITY,9(6),11.
MLA	Li, Biao,et al."Environmental Management System Adoption and the Operational Performance of Firm in the Textile and Apparel Industry of China".SUSTAINABILITY 9.6(2017):11.