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Effect of intelligent logistics policy on shareholder value: evidence from Chinese logistics companies

Effect of intelligent logistics policy on shareholder value: evidence from Chinese logistics companies

Liu, Weihua, Wang, Siyu, Lin, Yong ORCID: 0000-0001-7118-2946, Xie, Dong and Zhang, Jiahui (2020) Effect of intelligent logistics policy on shareholder value: evidence from Chinese logistics companies. Transportation Research Part E: Logistics and Transportation Review, 137:101928. ISSN 1366-5545 (doi:https://doi.org/10.1016/j.tre.2020.101928)

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Abstract

This paper empirically investigates the effects of intelligent logistics policies (ILPs) on shareholder value of the 149 listed logistics companies from 2013-2018 in China. The research shows that ILPs will result in a positive stock market reaction, and this effect is increasing along with the increase of policy contents related to intelligent logistics or the decrease of company service breadth. The market reaction will be affected by the way that policies are issued and type of company. The logistics service providers are more positive when their financial performances are better, while the opposite result is observed for logistics equipment manufacturers.

Item Type: Article
Uncontrolled Keywords: Intelligent logistics, government policy, empirical research, stock market reaction
Subjects: H Social Sciences > HB Economic Theory
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of Systems Management & Strategy
Faculty of Business > Networks and Urban Systems Centre (NUSC)
Faculty of Business > Networks and Urban Systems Centre (NUSC) > Connected Cities Research Group
Last Modified: 15 Jun 2020 12:34
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
Selected for REF2021: REF 3
URI: http://gala.gre.ac.uk/id/eprint/27514

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