Melamine Incident Research Articles

Research on the Financial Situation and Future Development of Mengniu Company in the Past Three Years

This article reflects on the development of Mengniu in the past few years and its future development expectations through some basic data analysis on the annual report of Mengniu. By analyzing and comparing the data, it is found that the operating conditions of Mengniu Company in recent years are not very good. Affected by the epidemic, Mengniu's profitability, operating capabilities, and debt repayment capabilities showed a downward trend. Although Mengniu took various measures to restore the situation, most of them have not achieved good results. In addition, whether it is the melamine incident more than ten years ago or the recent mandatory modification in national standards, Mengniu has been questioned time and time again by public opinion, which has also had a major impact on Mengniu's future development. In short, through the financial analysis of Mengniu, the article finds that the future development of Mengniu is full of bumps.

The Impact of Black Swan Events on Stock Prices: Evidence from the Melamine Incident in China

The influence of melamine incident on dairy industry in 2008 was investigated, and the control effect of different enterprises on the black swan incident was analyzed. First of all, this paper analyzes the impact of the stock of listed companies in the dairy industry after the black swan incident, and compares the impact of the different risk treatment of several leading enterprises on the stock price recovery. The results show that: first, the melamine incident has a negative effect on the enterprises involved, and the enterprises involved do not have a competitive advantage. Second, in the same period, enterprises pay more attention to the influence of black swan event and take more powerful measures. The greater the risk treatment intensity is, the less the influence of black swan event will be. Third, the two enterprises have similar risk handling strength. The faster the response to risk events, the earlier the processing time, and the less affected by the black swan event.

Ripple effect of moral hazard: how does CSR misconduct impact firm performance in the dairy industry

In this article we study how collective corporate social responsibility (CSR) misconduct affects the market performance of enterprises in the dairy industry. We do this by revisiting the melamine-tainted milk powder event in China. By comparing pre- and post-event retail data of three different types of infant milk powder manufacturers, as well as by analysing the cumulative abnormal returns (CARs) of those milk powder companies listed on stock markets, based on an event study approach, the ripple effect of China's melamine incident as an exogenous shock was investigated. The results show that industrial CSR misconduct has a suppression effect on the enterprises involved, overlapping suppression and spillover effects on domestic enterprises that were not involved, as well as spillover effects for foreign peers. Lessons from the melamine contamination incident and its policy implications should be valuable in promoting the CSR level and sustainability of other similar fast-growing industries in developing countries.

Melamine and food safety: a 10-year review

In 2008, a melamine-contaminated milk powder incident occurred in China, which caused many urinary calculi in infants and young children. Some of these children developed kidney injury and even died. This had serious effects in China and the world, causing many people to become concerned about food safety issues. More than 10 years have passed since this incident, but food safety events continue to occur worldwide. We systematically reviewed the melamine incident, the harm caused by melamine to the human body, and its impact as well as the lessons and prospects on food safety.

Ripple effect of moral hazard: How do CSR misconducts impact firm performance in the dairy industry

In this article we study how collective corporate social responsibility (CSR) misconduct affects the market performance of enterprises in the dairy industry. We do this by revisiting the melamine-tainted milk powder event in China. By comparing pre- and post-event retail data of three different types of infant milk powder manufacturers, as well as by analysing the cumulative abnormal returns (CARs) of those milk powder companies listed on stock markets, based on an event study approach, the ripple effect of China's melamine incident as an exogenous shock was investigated. The results show that industrial CSR misconduct has a suppression effect on the enterprises involved, overlapping suppression and spillover effects on domestic enterprises that were not involved, as well as spillover effects for foreign peers. Lessons from the melamine contamination incident and its policy implications should be valuable in promoting the CSR level and sustainability of other similar fast-growing industries in developing countries.

内モンゴルにおける小規模酪農家の経営実態とメラミン事件の影響

The rapid development of dairy sector in Inner Mongolia is facing various challenges since 2007 as the feed price increased and melamine incident occurred in 2008. This paper investigates the economic state of family dairy farms and the impact of the melamine incident on them by using a field survey in a suburban area of Inner Mongolia. The results suggest that the low income of raising cows has become more and more obvious, which has seriously influenced the sustainable development of cow husbandry industry. To effectively promote the development of the dairy industry, the following measures should be taken: increasing the number of dairy cattle, implementing means to increase the milk yield, and improving the education level of dairy farmers.

The Cause and Effect Analysis of the Melamine Incident in China

The Cause and Effect Analysis of the Melamine Incident in China

The Melamine Incident: Implications for International Food and Feed Safety

BackgroundA major food safety incident in China was made public in September 2008. Kidney and urinary tract effects, including kidney stones, affected about 300,000 Chinese infants and young children, with six reported deaths. Melamine had been deliberately added at milk-collecting stations to diluted raw milk ostensibly to boost its protein content. Subsequently, melamine has been detected in many milk and milk-containing products, as well as other food and feed products, which were also exported to many countries worldwide.ObjectivesThe melamine event represents one of the largest deliberate food contamination incidents. We provide a description and analysis of this event to determine the global implications on food and feed safety.DiscussionsA series of factors, including the intentional character of the milk contamination, the young age of the population affected, the large number of potentially contaminated products, the global distribution of these products, and the delay in reporting led this event to take on unexpected proportions. This incident illustrated the complexity of international trade of food products and food ingredients that required immediate actions at international level.ConclusionManaging food-safety events should be done internationally and early on as soon as multinational consequences are expected. Collaboration between food-safety authorities worldwide is needed to efficiently exchange information and to enable tracking and recalling of affected products to ensure food safety and to protect public health.