Impact of Green Supply Chain Management on Cost Stickiness of Chinese Fishery Enterprises.

Su, X.; Kwon, J.; Huang, S., and Zhang, M., 2023. Impact of green supply chain concentration on cost stickiness of fishery enterprises. In: Lee, J.L.; Lee, H.; Min, B.I.; Chang, J.-I.; Cho, G.T.; Yoon, J.-S., and Lee, J. (eds.), Multidisciplinary Approaches to Coastal and Marine Management. Journal of Coastal Research, Special Issue No. 116, pp. 403-407. Charlotte (North Carolina), ISSN 0749-0208. The depletion of fishery resources, the extension of the fishing moratorium, the rise of oil prices in the macroeconomic environment, and increased costs have all affected China's fishery industry. In addition, the market demand for aquatic products has decreased significantly due to the macroeconomic environment's fierce competition and the impact of the COVID-19 pandemic. The price of aquatic products has had less and less room to rise. However, the prices of production factors, such as raw materials and human capital, have remained high, and the profit margin of enterprises has been consistently shrinking. This study examines Chinese fishery listed firms' cost stickiness behavior (i.e., firms' asymmetric cost reaction to sales changes). Using financial data from 2000 to 2021, it was determined that the cost behavior of Chinese fishery enterprises is significantly asymmetric. Further, it was found that green supply chain concentration decreases firms' cost stickiness. Results show that increasing the supply chain's operational efficiency decreases firms' cost stickiness by improving enterprises' resource allocation. [ABSTRACT FROM AUTHOR]