Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/44052
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dc.contributorInstitute of Textiles and Clothing-
dc.creatorShen, B-
dc.creatorChoi, TM-
dc.creatorLo, CKY-
dc.date.accessioned2016-06-07T06:37:48Z-
dc.date.available2016-06-07T06:37:48Z-
dc.identifier.issn2071-1050en_US
dc.identifier.urihttp://hdl.handle.net/10397/44052-
dc.language.isoenen_US
dc.publisherMolecular Diversity Preservation International (MDPI)en_US
dc.rights© 2015 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons by Attribution (CC-BY) license (http://creativecommons.org/licenses/by/4.0/).en_US
dc.rightsThe following publication Shen, B.; Choi, T.-M.; Lo, C.K.-Y. Enhancing Economic Sustainability by Markdown Money Supply Contracts in the Fashion Industry: China vs U.S.A.. Sustainability 2016, 8, 31, 1-14 is available at https://dx.doi.org/10.3390/su8010031en_US
dc.subjectCross-cultural studyen_US
dc.subjectFashion industryen_US
dc.subjectMarkdown money policyen_US
dc.subjectSupply chain managementen_US
dc.titleEnhancing economic sustainability by markdown money supply contracts in the fashion industry : China vs U.S.A.en_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage1en_US
dc.identifier.epage14en_US
dc.identifier.volume8en_US
dc.identifier.issue1en_US
dc.identifier.doi10.3390/su8010031en_US
dcterms.abstractSupply chain contracts, such as the markdown money policy (MMP), are commonly adopted in the fashion industry. In this paper, we explore how fashion companies can use MMP to enhance economic sustainability from the cross-cultural perspective. We conduct case studies on two fashion firms (suppliers), one from China and one from U.S.A., that are adopting MMP in their respective supply chains. Via semi-structured interviews with staff members and some public data searching of the target companies, we find that the cultural factors, such as power distance and collectivism/individualism, affect contract selection, contract management, supplier-retailer leadership, and supplier-retailer relationship. We use the Hofstede's national cultural dimensions theory to explain our insights. Specifically, in China, a country with a relatively high degree of power distance and collectivism, the companies tend to care more about the group interest and loyalty. The Chinese fashion companies are more willing to play the leading role in managing the relationships with their retailers, and offer MMP to them. In the U.S.A., a country with a relatively low degree of power distance and individualism, the companies are more likely to emphasize their own interest in trading. In fact, we find that American fashion suppliers tend to bargain with their retailers, and they are less willing to proactively provide the markdown money as a sponsor. Finally, managerial implications are provided, and several future challenges on MMP are examined.-
dcterms.accessRightsopen accessen_US
dcterms.bibliographicCitationSustainability, Jan. 2016, v. 8, no. 1, p. 1-14-
dcterms.isPartOfSustainability-
dcterms.issued2016-
dc.identifier.isiWOS:000372456200031-
dc.identifier.scopus2-s2.0-84956635122-
dc.identifier.rosgroupid2015003731-
dc.description.ros2015-2016 > Academic research: refereed > Publication in refereed journalen_US
dc.description.oaVersion of Recorden_US
dc.identifier.FolderNumberOA_IR/PIRAen_US
dc.description.pubStatusPublisheden_US
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