Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries

Osama F. Atayah, M. Dhiaf, K. Najaf, G. Frederico
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引用次数: 66

Abstract

Purpose This study aims to contribute to the extant literature on logistics by investigating the interrelationship between the financial performance of listed logistics firms and the COVID-19 and compare the logistics firms’ financial performance of G-20 countries during the pandemic period. Design/methodology/approach To conduct the confirmatory analysis by testing the hypotheses formulated for this study, data have been collected from Bloomberg of all logistics firms from G-20 countries. This paper gathered the first quarter from 2010 until the last quarter of 2020 as the research sample to examine the pandemic impact on financial performance. Findings The results show that the financial performance of logistic firms was significantly higher during 2020. Overall, the country-wise findings corroborated with the main results and the financial performance of 14 countries’ logistic firms out of 20 ones analysed has been significantly elevated, during the pandemic period. However, this paper has found out a negative financial performance of the logistics firms during the COVID-19 period in six countries (Germany, Korea, Russia, Mexico, Saudi Arabia and the UK), which support the second proposition. Research limitations/implications The study’s results were important as they highlighted the role of logistics firms in offering insights to academics, practitioners, policymakers and logistic firms’ stakeholders. For future research, this paper suggests including some other variables that might influence firm performance and that have not been considered in this study, which is a limitation, and going more deeply into the logistics sector by comparing the financial performance of the sub-sectors. Practical implications As the importance of logistics services during the pandemic period is relevant, this study may provide significant insights because the logistics firms play a crucial role by anticipating to ensure the supply of essential items such as food, medicine, then supporting for the continuity of supply chains. The view of finance impacts during the pandemic may provide insightful perspectives for logistics companies, allowing them to understand those impacts and better prepare for likely disruption events such COVID-19 pandemic. Originality/value This paper is novel considering that it is unique in evaluating logistics firms’ financial performance from a global perspective, considering the context of this historical pandemic.
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COVID-19对物流公司财务绩效的影响:来自g20国家的证据
目的本研究旨在通过调查上市物流公司的财务绩效与新冠肺炎之间的相互关系,并比较20国集团国家在疫情期间的物流公司财务绩效,为现有的物流文献做出贡献。设计/方法/方法为了通过测试为本研究制定的假设进行验证性分析,从彭博社收集了20国集团所有物流公司的数据。本文以2010年第一季度至2020年最后一季度为研究样本,考察疫情对财务业绩的影响。调查结果显示,2020年物流企业的财务业绩明显更高。总的来说,国别调查结果与主要结果相证实,在疫情期间,分析的20个国家中有14个国家的物流公司的财务业绩显著提高。然而,本文发现了六个国家(德国、韩国、俄罗斯、墨西哥、沙特阿拉伯和英国)在新冠肺炎期间物流公司的负面财务表现,这支持了第二个命题。研究局限性/含义研究结果很重要,因为它们强调了物流公司在向学者、从业者、政策制定者和物流公司利益相关者提供见解方面的作用。对于未来的研究,本文建议纳入一些可能影响企业绩效的其他变量,而这些变量在本研究中没有被考虑,这是一个局限性,并通过比较子部门的财务绩效来更深入地研究物流部门。实际含义由于疫情期间物流服务的重要性是相关的,这项研究可能会提供重要的见解,因为物流公司通过预测确保食品、药品等必需品的供应,然后支持供应链的连续性,发挥着至关重要的作用。对疫情期间财务影响的看法可能会为物流公司提供有见地的视角,使他们能够理解这些影响,并更好地为新冠肺炎疫情等可能的干扰事件做好准备。原创性/价值考虑到这篇论文在从全球角度评估物流公司的财务业绩方面是独特的,考虑到这场历史性疫情的背景,这篇论文是新颖的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
9.40
自引率
0.00%
发文量
31
期刊介绍: The Journal of Global Operations and Strategic Sourcing aims to foster and lead the international debate on global operations and strategic sourcing. It provides a central, authoritative and independent forum for the critical evaluation and dissemination of research and development, applications, processes and current practices relating to sourcing strategically for products, services, competences and resources on a global scale and to designing, implementing and managing the resulting global operations. Journal of Global Operations and Strategic Sourcing places a strong emphasis on applied research with relevant implications for both knowledge and practice. Also, the journal aims to facilitate the exchange of ideas and opinions on research projects and issues. As such, on top of a standard section publishing scientific articles, there will be two additional sections: "The Industry ViewPoint": in this section, industrial practitioners from around the world will be invited (max 2 contributions per issue) to present their point of view on a relevant subject area. This is intended to give the journal not just an academic focus, but a practical focus as well. In this way, we intend to reflect a trend that has characterised the past few decades, where interests and initiatives in research, academia and industry have been more and more converging to the point of collaborative relationships being a common practice. "Research Updates - Executive Summaries". In this section, researchers around the world will be given the opportunity to present their research projects in the area of global sourcing and outsourcing by means of an executive summary of their project. This will increase awareness of the on-going research projects in the area and it will attract interest from industry.
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