Economic Impacts and Financial Strategies of Turkish Logistics’ Companies During the COVID-19 Crisis

Afshar Jahanshahi, Asghar; Sonmez Cakir, Fatma; Kalaycioglu, Ozan; Adiguzel, Zafer

doi:10.1109/emr.2024.3354877

Cited by 1 publication

(2 citation statements)

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“…One of the important aspects is to take into account the impact of COVID-19 on logistics companies. Several companies have reported that the years 2020 and 2021 were years that have significantly affected the logistics sector, causing economic and financial problems and even business bankruptcy (Nguyen 2022;Vaiči ūt ė et al 2022;Indah et al 2023;Jahanshahi et al 2024). However, in 2022, they were able to recover from their economic and financial problems ( Van Hoa et al 2023).…”

Section: Discussionmentioning

confidence: 99%

“…In terms of its theoretical implications, this study contributes to the academic literature by providing the latest available economic-financial data for these firms. It can be observed that in recent years, the academic literature (Nguyen 2022;Vaiči ūt ė et al 2022;Indah et al 2023;Jahanshahi et al 2024) has focused on the effect of COVID-19; therefore, almost all studies analyse the impact of the pandemic on the sector in the years 2020 and 2021 but none on the recovery period of 2022. So far, the academic literature has focused on the importance of these firms but has not provided evidence based on economic and financial data.…”

Section: Discussionmentioning

confidence: 99%

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The Economic and Financial Health of Lithuanian Logistics Companies

Bužinskienė,

Gelashvili

2024

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In recent decades, the importance of transport and logistics companies has increased considerably, especially for Lithuania, where this sector is on the rise and creating benefits for various users. Therefore, this study aims to analyse the economic–financial situation of transport and logistics companies operating in Lithuania, focusing mainly on their financial risk, probability of bankruptcy, and level of solvency. To achieve these results, 416 companies were analysed based on their data from 2022. The employed methodology included descriptive analysis, quartile ratio analysis, the use of Altman’s Z-score model to predict bankruptcy, and, finally, logistic regression analysis to answer the hypotheses. The results show that the companies analysed in this study were highly profitable, with a high level of solvency and liquidity that did not compromise their continuity in the market. These results were confirmed by the Z-score analysis. In addition, it was observed that the age and size of the companies did not affect their survival on the market. This study presents results that are of great interest for the academic literature, as well as for the management of logistics companies. The originality of the study lies in its relevance and timeliness, presenting robust results for different stakeholders, such as policymakers or new entrepreneurs, among others.

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Section: Discussionmentioning

confidence: 99%