• Title/Summary/Keyword: Textile firm

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A Study on Entrepreneurial Components Influencing upon Performance of Firm Due to Dynamics of Textile.Fashion Industry (섬유(纖維).패션산업(産業)의 역동성(逆動性)에 따른 기업성과(企業成果)에 영향(影響)을 미치는 창업요소연구(創業要素硏究))

  • Shin, Sang-Moo;Kim, Tae-Dong
    • Journal of Fashion Business
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    • v.9 no.5
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    • pp.51-64
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    • 2005
  • The purpose of this study was to investigate how different priorities were among entrepreneurial components influencing upon performance of firm regarding dynamics of textile fashion industry. For research method, 200 questionnaires were distributed to professionals such as entrepreneurs, and managers of textile fashion business. The returned 122 questionnaires were analyzed by regression analysis with SPSS 10.0. The results of this study were as follows: There were significant differences that the most influential component was fund among entrepreneurial components affecting performance of firm, and business idea, and entrepreneur's characteristics in a descending order. But when considering dynamics of textile fashion industry, the most influential component was business idea, and entrepreneur's characteristics, and fund in a descending order.

Directors' Remuneration and Performance: Evidence from the Textile Sector of Bangladesh

  • AKTER, Sharmin;ALI, Md. Hossain;ABEDIN, Md. Thasinul;HOSSAIN, Balal
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.265-275
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    • 2020
  • This study investigates the impact of board incentives as proxied by directors' remuneration on the financial performance of listed textile companies in Bangladesh. Using Generalized Method of Moments (GMM) and data pertaining to listed textile companies of Dhaka Stock Exchange (DSE) during the period from 2011 to 2017 (resulting in a total of 140 firm-year observations), we have estimated the firm performance equation involving directors' remuneration and board independence as the independent variables and some other control variables like firm age, size, leverage, and operating efficiency. The results reveal that there is a negative association between board remuneration and firm performance. In addition, this study finds no significant relationship between board independence and firm performance of the sample firms. Our findings suggest that higher pay to the board does not stimulate higher firm performance and, in turn, results in shareholders getting nothing in return from this and, hence, is a matter of great concern for them. Moreover, our results indirectly indicate that currently directors' remuneration in Bangladesh is not aligned with the firm performance, which has been emphasized in extant corporate governance literature. Besides, this paper further raises questions about the effectiveness of independent directors in the boards of textile firms in Bangladesh.

Perceptions of Textile Companies on Business Environments and Alliance Success Factors (기업환경과 제휴성공요인에 대한 섬유업체들의 인식)

  • 박경애;박광희
    • Journal of the Korean Society of Clothing and Textiles
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    • v.28 no.910
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    • pp.1208-1218
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    • 2004
  • The purposes of this study were to examine the alliance success factors (ASF) and the business environments (BE) from the textile companies' viewpoint, to examine the differences in ASF and BE by firm characteristics, and to examine the relationships between BE and ASF. BE included the degree of market competition and the firm's competitive advantage, and firm characteristics included type of business, the number of employees, and length of business operation. Data were obtained from 155 textile companies in Daegu and Gyeongbuk regions in Korea via a questionnaire survey. Four factors including relationship capital, organizational support, alliance management, and alliance performance were extracted from ASF, and resources, product development, and marketing were extracted from the firm's competitive advantage. There were differences in product development by the number of employees and in the degree of market competition by type of business. The degree of market competition had significant relationships with all of ASF while the firm's competitive advantage differed in the relationships.

The Impact of Financial Leverage on Firm's Profitability: An Empirical Evidence from Listed Textile Firms of Bangladesh

  • RAHMAN, Md. Musfiqur;SAIMA, Farjana Nur;JAHAN, Kawsar
    • Asian Journal of Business Environment
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    • v.10 no.2
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    • pp.23-31
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    • 2020
  • Purpose: The purpose of this paper is to find out the impact of financial leverage on firm's profitability in the listed textile sector of Bangladesh. Research design, data and methodology: A sample of 22 DSE listed textile firms has been used to conduct the study. In this study, firm profitability is measured by Return on Equity (ROE) and both short term debt and long term debt are used as the as proxies of financial leverage. Pooled Ordinary Least Squares (OLS), Fixed Effect (FE), and Generalized Method of Moments (GMM) models have been used to test the relationship between financial leverage and profitability of firms. Result: This study finds a significant negative relationship between leverage and firm's profitability using the Pooled OLS method. The result is also consistent with the fixed effect and GMM method. This result implies that firm's profitability is negatively affected by the firm's capital structure. Conclusion: The study concludes that maximum textile firms use external debt as a source of finance as they don't have sufficient internally generated funds. This study recommends that firm should give more emphasize on generating fund internally to meet up their financing needs.

Partnerships Among Textile Firms in Daegu and Gyeongbuk Regions in Korea (대구·경북지역 섬유업체들의 협력관계에 관한 실태조사)

  • Park, Kwang-Hee;Park, Kyung-Ae
    • Fashion & Textile Research Journal
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    • v.6 no.1
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    • pp.78-84
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    • 2004
  • To regain competitive advantages in the global textile industry the Korean textile firms need to strategically collaborate each other on developing partnership relations. This study, as a first step for developing a futuristic partnership between textile firms, examined the characteristics of current partnership relations among textile firms in Daegu and Gyeongbuk regions. Data were obtained from 163 textile firms in the region by a questionnaire survey. More than a half of the textile firms had a partnership experience in product manufacturing and wanted to have one in product development. Partnerships with firms in the same sub-industry showed the highest frequency even though various pairs were observed. Length of partnership was related with the history and size of the firm but not with partnership performance. Partnership itself affected neither the firm's perception of its competitive power nor the perceived intensity of industry competition.

Enhancing Collaboration in Textile e-Marketplace Supply Chains

  • Hwang, Ha-Jin
    • The Journal of Information Systems
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    • v.14 no.3
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    • pp.31-36
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    • 2005
  • Firms seldom survive and prosper solely through their individual efforts. Each firm's performance depends upon the activities and performance of others and hence upon the nature and quality of the direct and indirect relationships a firm develops with its counterparts. Textile companies have tried to improve their organizational competitiveness in order to survive in the digital age global market. The challenge in textile supply chain management is the development of collaboration network which accommodates diverse concerns of various participants while explicitly recognizing interdependencies and promoting effective relationship management. Major contents of the study are as follows. First, ideal collaboration network model from the supply chain of the textile industry is suggested. Second, utilizing the collaboration model, A framework for textile e-marketplaces supply chians is designed to improve customer services and delivery time, to promote information sharing, and shorten product life cycle time. The framework suggested is expected to promote corporate innovation and information sharing, generate infrastructure which provides appropriate communication and operations capabilities for the textile companies.

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Study of the General Consumers and Apparel Firm Workers' Reliability and Awareness of Environmental Friendly Textile Material (일반소비자와 의류업체 종사자의 친환경섬유소재에 대한 인지도와 신뢰도 연구)

  • Chun, Jong-Suk;Song, Hyun-Ok
    • Journal of the Korean Society of Clothing and Textiles
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    • v.33 no.4
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    • pp.634-643
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    • 2009
  • The aim of this study was investigating the consumers' and apparel firm worker's awareness and reliability of the environmental friendly textile materials. The subjects of the questionnaire survey were general consumers(n=235) and workers at Korean apparel firms(n=236). The questionnaire was developed to measure the awareness and reliability on nine environmental friendly textile materials. The results showed that general consumers had a higher reliability on the function of the environmental friendly materials but had a lower awareness than the workers at the apparel firms. Women and subjects, who experienced in purchasing the environmental friendly products, had higher awareness and reliability of the environmental friendly textile materials than others. The workers at apparel firms had higher awareness of the environmental friendly textile materials than the general consumers, but the reliability on the function of the materials was relatively low. The reliability and awareness differed by the firms' major products and their jobs. The workers at the children's clothing firms and sportswear firms had higher level of awareness about the environmental friendly textile than the workers at the casual-wear firms. The workers' awareness on environmental friendly textile materials was differentiated by their jobs. The product developers and material buyers had higher awareness on the environmental friendly textiles compare to the workers of the sales or marketing division. These results imply that promoting environmental friendly textile material to the sales person is needed in order to increase the sales volume of the products.

An Impact of Firm's Relational Characteristics on the Trust in Supply Chains : Focus on Textile Maker and Retailer (공급체인상의 조직간 관계적 특징이 신뢰에 미치는 영향 : -남성정장메이커와 대리점을 중심으로)

  • 권기대;정락채;신정화
    • Journal of the Korean Society of Clothing and Textiles
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    • v.27 no.2
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    • pp.229-238
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    • 2003
  • The objective of this study is to investigate the impact of firm's various kind of characteristics on the oust in the supply chains between the textile makers and the retailers. Based on the preceding literature review. six hypotheses are proposed. To test the proposed hypotheses, data were collected utilizing questionnaires from 68 retailers(fashion shop). To analyze the data the SPSSWin statistical package was employed. Two(H4 and H6) out of six hypotheses were accepted, the others were rejected. According to the results, the greater the impact of the shared value and the reputation for the retailers on the textile maker is, the stronger the trust of the retailers in the textile maker is. Based on the research results, we can conclude that the trust management is a very important factor in the supply chains between the textile makers and the retailers.

Sourcing in Korea - Lessons from an International Textile and Apparel Trade Show in Seoul - (한국에서의 소싱 - 서울 국제 섬유/의류 무역전에 참여한 바이어 분석을 대상으로 -)

  • Park, Hye-Jung;Rhee, Young-Ju
    • Journal of the Korean Society of Clothing and Textiles
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    • v.31 no.6 s.165
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    • pp.902-910
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    • 2007
  • The purpose of this study was to suggest future marketing strategy for Korean textile and apparel industry so that they could find a way to maintain a major sourcing site in the global market place. This study identified international buyers' visiting purposes and the items they were most interested in sourcing from Korea according to their firm types and home country regions. This study analyzed the survey results obtained fiom international buyers who visited the international textile and apparel trade show in Seoul, Korea. The data was analyzed using frequency and ${\chi}^2$-test analysis. The results showed that there was a significant relationship between buyers' country regions and their interests. There was also a significant relationship between buyers' firm types and their visiting purposes. The results indicated that decision making for what Korean industry should focus their marketing efforts on should be different according to the buyers' country regions and firm types. This study was conducted to present an effective marketing strategy for how Korean textile and apparel industries could survive in the competitive global marketplace.

The Roles of Organizational Learning Capability and Firm Innovation in the Relationship between Entrepreneurial Orientation and Firm Performance

  • KITTIKUNCHOTIWUT, Ploychompoo
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.651-661
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    • 2020
  • This research aims to examine the relationships among entrepreneurial orientation, organizational learning capability, firm innovation, and firm performance. To achieve a data collection, a mail survey procedure via questionnaire was implemented by using executives or managers of gems & jewelry industries, textile and clothing industries, leather and accessories, fashion apparel industries in Thailand as the key informants. Of the surveys completed and returned, 388 were usable. Hence, a model with a structural equation was used to evaluate the data survey of 388 respondents. The results reveal that, in terms of the mediating effect, organizational learning capacity and firm innovation can complement each other in order to improve entrepreneurial orientation. Findings show that entrepreneurial orientation improves firm innovation, which in turn improves firm efficiency. Firm innovation acts as a variable mediating between enterprise orientation and firm performance. Our findings contribute to the current emergence of organizational learning capacity that mediated the relationship between entrepreneurial orientation and firm performance. Entrepreneurial orientation is normally a firm performance that enterprises develop which can have use the information available and make an impact. It can be considered through the mediation of organizational learning capability, and firm innovation variable and as stated in previous literature, it can influence firm performance.