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Open AccessArticle

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

by Biao Li 1 and Kekun Wu 1,2,*
1
School of Finance/MBA School, Zhongnan University of Economics and Law, No. 182 Nanhu Avenue, East Lake High-Tech Development Zone, Wuhan 430073, China
2
Academy of Mathematics and Systems Science, Chinese Academy of Sciences, No. 55 Zhongguancun East Road, Haidian District, Beijing 100190, China
*
Author to whom correspondence should be addressed.
Sustainability 2017, 9(6), 992; https://doi.org/10.3390/su9060992
Received: 24 April 2017 / Revised: 6 June 2017 / Accepted: 7 June 2017 / Published: 9 June 2017
(This article belongs to the Special Issue Sustainability Issues in the Textile and Apparel Supply Chains)
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. View Full-Text
Keywords: social sustainable performance; operations; event study; textile and apparel industry social sustainable performance; operations; event study; textile and apparel industry
MDPI and ACS Style

Li, B.; Wu, K. Environmental Management System Adoption and the Operational Performance of Firm in the Textile and Apparel Industry of China. Sustainability 2017, 9, 992.

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