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FİNANSAL GELİŞMİŞLİĞİN BOYUTLARI İLE LOJİSTİK PERFORMANS ARASINDAKİ İLİŞKİNİN ARAŞTIRILMASI

Yıl 2023, Sayı: 57, 201 - 217, 18.07.2023
https://doi.org/10.30794/pausbed.1215073

Öz

Akademik çalışmalarda gelişmiş finansal sistemin lojistik sektörü için değeri vurgulanmaktadır. Ancak finansal gelişmişliğin boyutları olan finansal derinlik, erişim ve verimliliğin lojistik performans üzerindeki etkisini inceleyen çalışma sayısı sınırlıdır. Bu nedenle, lojistik performans ile finansal derinlik, erişim ve verimlilik arasındaki ilişkiyi ampirik olarak inceleyerek literatüre katkıda bulunulması hedeflenmiştir. Sayılan bu değişkenlere ilave olarak iyi yönetişim ve küresel rekabet gücü değişkenleri de kurulan modele eklenmiştir. Değişkenler arasındaki nedensellik ilişkisini eş zamanlı olarak test etmek için PLS-SEM kullanılmıştır. Test sonuçları, iyi yönetişimin bütün değişkenler üzerinde önemli etkiye sahip olduğunu göstermektedir. Finansal derinlik, erişim ve verimlilik, lojistik performans üzerinde önemli ve olumlu bir etkiye sahiptir. Finansal derinlik, erişim ve verimlilikteki bir birimlik değişiklik, lojistik performansta sırasıyla 0,272, 0,195 ve 0,164 birimlik değişikliğe yol açmaktadır. Finansal derinlik ile küresel rekabet gücü arasındaki bağlantı için istatistiksel olarak anlamlı bir sonuç bulunamamıştır, ancak finansal erişimin finansal verimliliğe oranla küresel rekabet üzerinde daha büyük etkiye sahip olduğu görülmüştür.

Kaynakça

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  • Acemoglu, D. and Robinson, J.A. (2012), Why Nations Fail: The Origins of Power, Prosperity, and Poverty, New York, NY: Crown.
  • Alizadeh, A.H., Kappou, K., Tsouknidis, D. and Visvikis I. (2015), “Liquidity Effects and FFA Returns in the International Shipping Derivatives Market”, Transportation Research Part E, 76, 58-75.
  • Ardic, O.P., Heimann, M. and Mylenko, N. (2011), “Access to Financial Services and the Financial Inclusion Agenda around the World A Cross-Country Analysis with a New Data Set”, working paper 5537, The World Bank. https://elibrary.worldbank.org/doi/epdf/10.1596/1813-9450-5537
  • Arvis, J.F., Mustra, M.A., Ojala, L., Shepherd, B. and Saslavsky, D. (2012), Connecting to Compete 2012, Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators, The International Bank for Reconstruction and Development, The World Bank, Washington, DC.
  • Astrachan, C.B., Patel V.K., and Wanzernried G. (2014), “A comparative study of CB-SEM and PLS-SEM for theory development in family firm research”, Journal of Family Business Strategy, 5, 116-128.
  • Banda, L.G. (2022). The Unsprising Role Of Governance On Logistics Performance: Panel Evidence From Sub-Saharan Africa. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4235178
  • Beck, T., Levine, R. and Loayza, N. (2000), “Finance And The Sources Of Growth”, Journal of Financial Economics, 58, 261-300.
  • Beck, T., Demirguc-Kunt, A., Laeven, L., and Maksimovic, V. (2006), “The Determinants of Financing Obstacles”, Journal of International Money and Finance, 25/6, 932-952, doi:10.1016/j.jimonfin.2006.07.005.
  • Bowersox, D.J., and Closs, D.J. (1996), Logistical Management: The Integrated Supply Chain Process, McGraw- Hill, New York.
  • Brunet, F. (2012), Regulatory Quality and Competitiveness in Recent European Union Member States, L’Europe en Formation, 2012/2 No:364.
  • Buzacott J.A., and Zhang, R.Q. (2004), “Inventory Management With Asset-Based Financing”, Management Science, 50/9, 1274-1292.
  • Cavinato, J.L. (2004), “Supply Chain Logistics Risks”, International Journal of Physical Distribution and Logistics Management, 34/5, 383-387.
  • Choi, T.M., Chui, C.H and Chan, H.K. (2016), “Risk Management of Logistics Systems”, Transportation Research Part E, 90, 1-6.
  • Claessens, S. and Feijen, E, (2007), Financial Sector Development and the Millennium Development Goals, working paper, The World Bank. http://dx.doi.org/10.1596/978-0-8213-6865-7.
  • Cihak, M., Demirguc-Kunt, A., Feyen, E., and Levine R, (2012), Benchmarking Financial Systems Around The World, Working Paper, The World Bank.
  • Cihak, M., and Demirguc-Kunt, A., (2013), Rethinking the State's Role in Finance, World Bank, Washington, DC. https://openknowledge.worldbank.org/handle/10986/13197.
  • Cohen, J. (1988), Statistical Power Analysis for The Behavioral Sciences (2nd ed.), Lawrence Erlbaum Associates, Hillsdale, NJ.
  • Coto-Milan, P., Agueros, M., Casares-Hontanon, P. and Pesquera, M. (2013), “Impact of Logistics Performance on World Economic Growth 2007–2012”, World Review of Intermodal Transportation Research, 4/4. CSCMP, Council of Supply Chain Management Professionals, (n.d.), CSCMP Supply Chain Management definitions and Glossary. https://cscmp.org/CSCMP/Educate/SCM_Definitions_and_Glossary_of_Terms.aspx.
  • Drobetz, W., Gounopoulos, D., Merikas, A. and Schöder, H. (2013), “Capital structure decisions of globally-listed shipping”, Transportation Research Part E, 52, 49-76.
  • Ellram, L.M. (1991), “Supply-Chain Management: The Industrial Organization Perspective”, International Journal of Physical Distribution and Logistics Management, 21/1, 13–22.
  • Fan, Y., and Stevenson, M., (2018), “A Review Of Supply Chain Risk Management: Definition, Theory, and Research Agenda”, International Journal of Physical Distribution and Logistics Management. 48/3, 205-230.
  • Fanelli, J.M. and Medhora, R., (2002), Finance and competitiveness in developing countries. José María Fanelli and Rohinton Medhora Routledge (Ed.), International Development Research Center, London, New York.
  • Fawcett, S.E., Waller, M.A., and Bowersox, D.J. (2011), “Cinderella in the C-Suite: Conducting Influential Research to Advance the Logistics and Supply Chain Disciplines”, Journal of Business Logistics, 32/2, 115–121.
  • Fugate, B.S., Mentzer, J.T., and Stank, T.P. (2010), “Logistics Performance: Efficiency, Effectiveness, and Differentiation”, Journal of Business Logistics, 31/1, 43–62.
  • Gatti, R. and Vaubourg, A. (2009), Unemployment and Finance: How Do Financial and Labor Market Factos Interact?, The Institute of the Study of Labor (IZA) Discussion Paper Series, Bonn, Germany.
  • Geisser, S. (1974), “A predictive approach to the random effect model”, Biometrika, 61/1, 101–107.
  • Goldsmith, R.W. (1969), Financial Structure and Development, Yale University Press, New Haven.
  • Govindan, K. and Chaudhuri, A. (2015), “Interrelationships of Risks Faced By Third Party Logistics Service Providers: A DEMATEL Based Approach”, Transportation Research Part E, 90, 177-195.
  • Göçer, A., Özpeynirci, Ö., Semiz, M. (2022). “Logistics Performance Index-Driven Policy Development: An Application to Turkey”, Transport Policy, 124, 20-32.
  • Gupta, S., and Dutta, K. (2011), “Modeling of Financial Supply Chain”, European Journal of Operational Research, 211/1, 47–56.
  • Haber, S.H. (1991), “Industrial concentration and the capital markets: A comparative study of Brazil, Mexico, and the United States 1830– 1930”, Journal of Economics History, 51/3, 559–580.
  • Haber, S.H., (1996), Capital Immobilities and Industrial Development: A Comparative Study Of Brazil, Mexico, and the United States, 1840–1930, Stanford University.
  • Hair, J.F., Black, W.C., Babin, B.J., Anderson, R. E., and Tatham, H.A. (2009), Multivariate Data Analysis (7th Edition), Pearson Prentice-Hall, Upper Saddle River, NJ.
  • Hair, J.F., Ringle, C.M., and Sarstedt, M. (2011), “PLS-SEM: Indeed A Silver Bullet”, Journal of Marketing Theory and Practice, 19/2, 139-151.
  • Hair, J.F.Jr., Hult, G.T.M., Ringle, C.M. and Sarstedt, M. (2016), A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM), SAGE Publications, Kindle Edition.
  • Hair, Jf., Risher, J.J., Sarstedt, M., Ringle, C.M. (2019). When To Use and How to Report the Results of PLS-SEM. European Business Review. https://doi.org/10.1108/EBR-11-2018-0203.
  • Hair, J.F., Hult, G.T.M., Ringle, C.M., Sarstedt, M., Danks, N.P., Ray, S. (2021). Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R. Springer. https://doi.org/10.1007/978-3-030-80519-7
  • Hair, J. F., Hult, G. T. M., Ringle, C. M., and Sarstedt, M. (2022). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). 3rd Ed. Thousand Oaks, CA: Sage.
  • Heckmann, I., Comes, T., and Nickel, S. (2015), “A critical review on supply chain risk - Definition, measure and modeling”, Omega-International Journal of Management Science, 52, 119-132.
  • Hertwig, P. and Rau, P. (2010), Risk Management in the Air Cargo Industry Revenue Management, Capacity Options and Financial Intermediation, Hamburg: Diplomica Verlag GmbH.
  • Hofmann, E. (2009), “Inventory Financing in Supply Chains: A Logistics Service Provider-Approach”, International Journal of Physical Distribution and Logistics Management, 39/9, 716–740.
  • Hofmann, E. and Johnson, M., (2016), “Guest editorial”, International Journal of Physical Distribution and Logistics Management, 46/4.
  • Hsu, P., Tian, X., and Xu, Y. (2014), “Financial Development And Innovation: Crosscountry Evidence”, Journal of Financial Economics, 112/1, 116-135.
  • IMF, International Monetary Fund. (2005), Financial Sector Assessment A Handbook Chapter 2 Indicators of Financial Structure, Development, and Soundness. Washington, D.C. http://www.imf.org/external/pubs/ft/fsa/eng/.
  • Kavussanos, M.G. and Visvikis, I., (2006), Derivatives and Risk Management in Shipping, 1st Edition, Witherbys Publishing, London.
  • King, R.G. and Levine, R. (1993), “Finance and Growth: Schumpeter Might Be Right”, Quarterly Journal of Economics, 108, 717–738.
  • Kleindorfer, P.R. and Visvikis, I., (2007), Integration of Financial and Physical Networks in Global Logistics, presented at the Wharton-INSEAD Alliance Conference: Network-based Strategies and Competencies, Philadelphia.
  • Kwak, D.-W., Rodrigues, V. S., Mason, R., Pettit, S., and Beresford, A. (2018), “Risk Interaction Identification in International Supply Chain Logistics”, International Journal of Operations and Production Management, 38/2, 372–389. doi:10.1108/ijopm-03-2016-0121.
  • Levine, R. (1997), “Financial Development and Economic Growth: Views and Agenda”, Journal of Economic Literature, 688-726.
  • Levine, R. (2005), Finance and Growth: Theory and Evidence, In Handbook of Economic Growth. Philippe Aghion and Steven Durlauf (Ed.), 865–934.
  • Levine, R. (2021). Finance, Growth, and Inequality. IMF Working Paper, WP)21/164. https://www.imf.org/-/media/Files/Publications/WP/2021/English/wpiea2021164-print-pdf.ashx
  • Manuj, I. and Mentzer, J.T. (2008), “Global supply chain risk management strategies”, International Journal of Physical Distribution and Logistics Management, 38/3, 192-223.
  • Martí, L., Puertasa, R. and Garciab, L. (2014). The Importance of the Logistics Performance Index in International Trade. Applied Economics, 46/24, 2982 – 2992.
  • Mentzer, J.T., Soonhong, M., and Bobbitt, L.M. (2004), “Toward a Unified Theory of Logistics”, International Journal of Physical Distribution and Logistics Management, 34/8, 606–627.
  • More, D. and Basu, P. (2013), “Challenges of Supply Chain Finance: A Detailed Study and A Hierarchical Model Based on The Experiences of An Indian Firm”, Business Process Management Journal, 19/4, 624-647.
  • Outreville, J. F. (1999), “Financial Development, Human Capital and Political Stability”, UNCTAD Discussion Paper No. 142.
  • Ozdemir, L. (2017), Relationship Between Financial Development And Logistics Performance And Their Effects On The Competitiveness: An Empirical Cross-Country Study, Doctoral Dissertation. https://tez.yok.gov.tr/UlusalTezMerkezi/giris.jsp (Accession Number: 481540).
  • Rajan, R., and Zingales, L. (1998), “Financial development and growth”, American Economic Review, 88, 559-551. Sahay, R., Cihak, M., N'Diaye, P., Barajas, A., Bi, R., Ayala, D., Gao, Y., Kyobe, A., Ngyuen, L., Saborowski, C., Svirydzenka, K., and Yousefi, S.R. (2015). Rethinking Financial Deepening: Stability and Growth in Emerging Markets, IMF Discussion Note SDN/15/08. https://www.imf.org/external/pubs/ft/sdn/2015/sdn1508.pdf
  • Samans, R., Blanke, J., Corrigan, G. and Drzeniek, M. (2015), The Inclusive Growth and Development Report, The World Bank Insight Report, Geneve.
  • Schramm, H.J. (2012), Freight Forwarder’s Intermediary Role in Multimodal Transport Chain, Physical-Verlog, Springer Heildelberg Dordrecht, New York.
  • Silvestro, R. and Lustrato, P. (2014). Integrating Financial and Physical Supply Chains: The Role of Banks in Enabling Supply Chain Integration. International Journal of Operations and Production Management, 34/3, 298-324.
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Yıl 2023, Sayı: 57, 201 - 217, 18.07.2023
https://doi.org/10.30794/pausbed.1215073

Öz

Kaynakça

  • Acemoglu, D. (2001), “Credit Market Imperfections And Persistent Unemployment”, European Economic Review, 45, 665-679.
  • Acemoglu, D. and Robinson, J.A. (2012), Why Nations Fail: The Origins of Power, Prosperity, and Poverty, New York, NY: Crown.
  • Alizadeh, A.H., Kappou, K., Tsouknidis, D. and Visvikis I. (2015), “Liquidity Effects and FFA Returns in the International Shipping Derivatives Market”, Transportation Research Part E, 76, 58-75.
  • Ardic, O.P., Heimann, M. and Mylenko, N. (2011), “Access to Financial Services and the Financial Inclusion Agenda around the World A Cross-Country Analysis with a New Data Set”, working paper 5537, The World Bank. https://elibrary.worldbank.org/doi/epdf/10.1596/1813-9450-5537
  • Arvis, J.F., Mustra, M.A., Ojala, L., Shepherd, B. and Saslavsky, D. (2012), Connecting to Compete 2012, Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators, The International Bank for Reconstruction and Development, The World Bank, Washington, DC.
  • Astrachan, C.B., Patel V.K., and Wanzernried G. (2014), “A comparative study of CB-SEM and PLS-SEM for theory development in family firm research”, Journal of Family Business Strategy, 5, 116-128.
  • Banda, L.G. (2022). The Unsprising Role Of Governance On Logistics Performance: Panel Evidence From Sub-Saharan Africa. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4235178
  • Beck, T., Levine, R. and Loayza, N. (2000), “Finance And The Sources Of Growth”, Journal of Financial Economics, 58, 261-300.
  • Beck, T., Demirguc-Kunt, A., Laeven, L., and Maksimovic, V. (2006), “The Determinants of Financing Obstacles”, Journal of International Money and Finance, 25/6, 932-952, doi:10.1016/j.jimonfin.2006.07.005.
  • Bowersox, D.J., and Closs, D.J. (1996), Logistical Management: The Integrated Supply Chain Process, McGraw- Hill, New York.
  • Brunet, F. (2012), Regulatory Quality and Competitiveness in Recent European Union Member States, L’Europe en Formation, 2012/2 No:364.
  • Buzacott J.A., and Zhang, R.Q. (2004), “Inventory Management With Asset-Based Financing”, Management Science, 50/9, 1274-1292.
  • Cavinato, J.L. (2004), “Supply Chain Logistics Risks”, International Journal of Physical Distribution and Logistics Management, 34/5, 383-387.
  • Choi, T.M., Chui, C.H and Chan, H.K. (2016), “Risk Management of Logistics Systems”, Transportation Research Part E, 90, 1-6.
  • Claessens, S. and Feijen, E, (2007), Financial Sector Development and the Millennium Development Goals, working paper, The World Bank. http://dx.doi.org/10.1596/978-0-8213-6865-7.
  • Cihak, M., Demirguc-Kunt, A., Feyen, E., and Levine R, (2012), Benchmarking Financial Systems Around The World, Working Paper, The World Bank.
  • Cihak, M., and Demirguc-Kunt, A., (2013), Rethinking the State's Role in Finance, World Bank, Washington, DC. https://openknowledge.worldbank.org/handle/10986/13197.
  • Cohen, J. (1988), Statistical Power Analysis for The Behavioral Sciences (2nd ed.), Lawrence Erlbaum Associates, Hillsdale, NJ.
  • Coto-Milan, P., Agueros, M., Casares-Hontanon, P. and Pesquera, M. (2013), “Impact of Logistics Performance on World Economic Growth 2007–2012”, World Review of Intermodal Transportation Research, 4/4. CSCMP, Council of Supply Chain Management Professionals, (n.d.), CSCMP Supply Chain Management definitions and Glossary. https://cscmp.org/CSCMP/Educate/SCM_Definitions_and_Glossary_of_Terms.aspx.
  • Drobetz, W., Gounopoulos, D., Merikas, A. and Schöder, H. (2013), “Capital structure decisions of globally-listed shipping”, Transportation Research Part E, 52, 49-76.
  • Ellram, L.M. (1991), “Supply-Chain Management: The Industrial Organization Perspective”, International Journal of Physical Distribution and Logistics Management, 21/1, 13–22.
  • Fan, Y., and Stevenson, M., (2018), “A Review Of Supply Chain Risk Management: Definition, Theory, and Research Agenda”, International Journal of Physical Distribution and Logistics Management. 48/3, 205-230.
  • Fanelli, J.M. and Medhora, R., (2002), Finance and competitiveness in developing countries. José María Fanelli and Rohinton Medhora Routledge (Ed.), International Development Research Center, London, New York.
  • Fawcett, S.E., Waller, M.A., and Bowersox, D.J. (2011), “Cinderella in the C-Suite: Conducting Influential Research to Advance the Logistics and Supply Chain Disciplines”, Journal of Business Logistics, 32/2, 115–121.
  • Fugate, B.S., Mentzer, J.T., and Stank, T.P. (2010), “Logistics Performance: Efficiency, Effectiveness, and Differentiation”, Journal of Business Logistics, 31/1, 43–62.
  • Gatti, R. and Vaubourg, A. (2009), Unemployment and Finance: How Do Financial and Labor Market Factos Interact?, The Institute of the Study of Labor (IZA) Discussion Paper Series, Bonn, Germany.
  • Geisser, S. (1974), “A predictive approach to the random effect model”, Biometrika, 61/1, 101–107.
  • Goldsmith, R.W. (1969), Financial Structure and Development, Yale University Press, New Haven.
  • Govindan, K. and Chaudhuri, A. (2015), “Interrelationships of Risks Faced By Third Party Logistics Service Providers: A DEMATEL Based Approach”, Transportation Research Part E, 90, 177-195.
  • Göçer, A., Özpeynirci, Ö., Semiz, M. (2022). “Logistics Performance Index-Driven Policy Development: An Application to Turkey”, Transport Policy, 124, 20-32.
  • Gupta, S., and Dutta, K. (2011), “Modeling of Financial Supply Chain”, European Journal of Operational Research, 211/1, 47–56.
  • Haber, S.H. (1991), “Industrial concentration and the capital markets: A comparative study of Brazil, Mexico, and the United States 1830– 1930”, Journal of Economics History, 51/3, 559–580.
  • Haber, S.H., (1996), Capital Immobilities and Industrial Development: A Comparative Study Of Brazil, Mexico, and the United States, 1840–1930, Stanford University.
  • Hair, J.F., Black, W.C., Babin, B.J., Anderson, R. E., and Tatham, H.A. (2009), Multivariate Data Analysis (7th Edition), Pearson Prentice-Hall, Upper Saddle River, NJ.
  • Hair, J.F., Ringle, C.M., and Sarstedt, M. (2011), “PLS-SEM: Indeed A Silver Bullet”, Journal of Marketing Theory and Practice, 19/2, 139-151.
  • Hair, J.F.Jr., Hult, G.T.M., Ringle, C.M. and Sarstedt, M. (2016), A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM), SAGE Publications, Kindle Edition.
  • Hair, Jf., Risher, J.J., Sarstedt, M., Ringle, C.M. (2019). When To Use and How to Report the Results of PLS-SEM. European Business Review. https://doi.org/10.1108/EBR-11-2018-0203.
  • Hair, J.F., Hult, G.T.M., Ringle, C.M., Sarstedt, M., Danks, N.P., Ray, S. (2021). Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R. Springer. https://doi.org/10.1007/978-3-030-80519-7
  • Hair, J. F., Hult, G. T. M., Ringle, C. M., and Sarstedt, M. (2022). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). 3rd Ed. Thousand Oaks, CA: Sage.
  • Heckmann, I., Comes, T., and Nickel, S. (2015), “A critical review on supply chain risk - Definition, measure and modeling”, Omega-International Journal of Management Science, 52, 119-132.
  • Hertwig, P. and Rau, P. (2010), Risk Management in the Air Cargo Industry Revenue Management, Capacity Options and Financial Intermediation, Hamburg: Diplomica Verlag GmbH.
  • Hofmann, E. (2009), “Inventory Financing in Supply Chains: A Logistics Service Provider-Approach”, International Journal of Physical Distribution and Logistics Management, 39/9, 716–740.
  • Hofmann, E. and Johnson, M., (2016), “Guest editorial”, International Journal of Physical Distribution and Logistics Management, 46/4.
  • Hsu, P., Tian, X., and Xu, Y. (2014), “Financial Development And Innovation: Crosscountry Evidence”, Journal of Financial Economics, 112/1, 116-135.
  • IMF, International Monetary Fund. (2005), Financial Sector Assessment A Handbook Chapter 2 Indicators of Financial Structure, Development, and Soundness. Washington, D.C. http://www.imf.org/external/pubs/ft/fsa/eng/.
  • Kavussanos, M.G. and Visvikis, I., (2006), Derivatives and Risk Management in Shipping, 1st Edition, Witherbys Publishing, London.
  • King, R.G. and Levine, R. (1993), “Finance and Growth: Schumpeter Might Be Right”, Quarterly Journal of Economics, 108, 717–738.
  • Kleindorfer, P.R. and Visvikis, I., (2007), Integration of Financial and Physical Networks in Global Logistics, presented at the Wharton-INSEAD Alliance Conference: Network-based Strategies and Competencies, Philadelphia.
  • Kwak, D.-W., Rodrigues, V. S., Mason, R., Pettit, S., and Beresford, A. (2018), “Risk Interaction Identification in International Supply Chain Logistics”, International Journal of Operations and Production Management, 38/2, 372–389. doi:10.1108/ijopm-03-2016-0121.
  • Levine, R. (1997), “Financial Development and Economic Growth: Views and Agenda”, Journal of Economic Literature, 688-726.
  • Levine, R. (2005), Finance and Growth: Theory and Evidence, In Handbook of Economic Growth. Philippe Aghion and Steven Durlauf (Ed.), 865–934.
  • Levine, R. (2021). Finance, Growth, and Inequality. IMF Working Paper, WP)21/164. https://www.imf.org/-/media/Files/Publications/WP/2021/English/wpiea2021164-print-pdf.ashx
  • Manuj, I. and Mentzer, J.T. (2008), “Global supply chain risk management strategies”, International Journal of Physical Distribution and Logistics Management, 38/3, 192-223.
  • Martí, L., Puertasa, R. and Garciab, L. (2014). The Importance of the Logistics Performance Index in International Trade. Applied Economics, 46/24, 2982 – 2992.
  • Mentzer, J.T., Soonhong, M., and Bobbitt, L.M. (2004), “Toward a Unified Theory of Logistics”, International Journal of Physical Distribution and Logistics Management, 34/8, 606–627.
  • More, D. and Basu, P. (2013), “Challenges of Supply Chain Finance: A Detailed Study and A Hierarchical Model Based on The Experiences of An Indian Firm”, Business Process Management Journal, 19/4, 624-647.
  • Outreville, J. F. (1999), “Financial Development, Human Capital and Political Stability”, UNCTAD Discussion Paper No. 142.
  • Ozdemir, L. (2017), Relationship Between Financial Development And Logistics Performance And Their Effects On The Competitiveness: An Empirical Cross-Country Study, Doctoral Dissertation. https://tez.yok.gov.tr/UlusalTezMerkezi/giris.jsp (Accession Number: 481540).
  • Rajan, R., and Zingales, L. (1998), “Financial development and growth”, American Economic Review, 88, 559-551. Sahay, R., Cihak, M., N'Diaye, P., Barajas, A., Bi, R., Ayala, D., Gao, Y., Kyobe, A., Ngyuen, L., Saborowski, C., Svirydzenka, K., and Yousefi, S.R. (2015). Rethinking Financial Deepening: Stability and Growth in Emerging Markets, IMF Discussion Note SDN/15/08. https://www.imf.org/external/pubs/ft/sdn/2015/sdn1508.pdf
  • Samans, R., Blanke, J., Corrigan, G. and Drzeniek, M. (2015), The Inclusive Growth and Development Report, The World Bank Insight Report, Geneve.
  • Schramm, H.J. (2012), Freight Forwarder’s Intermediary Role in Multimodal Transport Chain, Physical-Verlog, Springer Heildelberg Dordrecht, New York.
  • Silvestro, R. and Lustrato, P. (2014). Integrating Financial and Physical Supply Chains: The Role of Banks in Enabling Supply Chain Integration. International Journal of Operations and Production Management, 34/3, 298-324.
  • Song, H., Yu, K. and Lu, Q. (2018), "Financial Service Providers and Banks’ Role in Helping SMEs to Access Finance", International Journal of Physical Distribution and Logistics Management, 48/1, 69-92.
  • Stone, M. (1974), “Cross-validatory Choice and Assessment of Statistical Predictions”, Journal of the Royal Statistical Society, 36, 111–147.
  • Uyar, A., Fernandes, V. ve Kuzey C., (2021). The Mediating Role of Corporate Governance Between Public Governance and Logistics Performance: International Evidence. Transport Policy, 109, 37-47.
  • World Bank. (2008), Finance for All? Policies and Pitfalls in Expanding Access. A World Bank Policy Research Report. Washington DC: The International Bank for Reconstruction and Development / The World Bank.
  • World Bank (2022). Financial development. https://www.worldbank.org/en/ publication/gfdr/gfdr-2016/background/financial-development.
  • World Economic Forum. (2012), Financial Development Report 2012, The World Economic Forum USA Inc.
  • World Economic Forum, (2015). The Global Competitiveness Report 2015-2016. Switzerland, Geneva. https://www3.weforum.org/docs/gcr/2015-2016/Global_Competitiveness_Report_2015-2016.pdf.
  • Zhen, X., Li, Y., Cai, G. and Shi, D. (2016), “Transportation Disruption Risk Management: Business Interruption Insurance and Backup Transportation”, Transportation Research Part E, 90, 51–68.
Yıl 2023, Sayı: 57, 201 - 217, 18.07.2023
https://doi.org/10.30794/pausbed.1215073

Öz

Kaynakça

  • Acemoglu, D. (2001), “Credit Market Imperfections And Persistent Unemployment”, European Economic Review, 45, 665-679.
  • Acemoglu, D. and Robinson, J.A. (2012), Why Nations Fail: The Origins of Power, Prosperity, and Poverty, New York, NY: Crown.
  • Alizadeh, A.H., Kappou, K., Tsouknidis, D. and Visvikis I. (2015), “Liquidity Effects and FFA Returns in the International Shipping Derivatives Market”, Transportation Research Part E, 76, 58-75.
  • Ardic, O.P., Heimann, M. and Mylenko, N. (2011), “Access to Financial Services and the Financial Inclusion Agenda around the World A Cross-Country Analysis with a New Data Set”, working paper 5537, The World Bank. https://elibrary.worldbank.org/doi/epdf/10.1596/1813-9450-5537
  • Arvis, J.F., Mustra, M.A., Ojala, L., Shepherd, B. and Saslavsky, D. (2012), Connecting to Compete 2012, Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators, The International Bank for Reconstruction and Development, The World Bank, Washington, DC.
  • Astrachan, C.B., Patel V.K., and Wanzernried G. (2014), “A comparative study of CB-SEM and PLS-SEM for theory development in family firm research”, Journal of Family Business Strategy, 5, 116-128.
  • Banda, L.G. (2022). The Unsprising Role Of Governance On Logistics Performance: Panel Evidence From Sub-Saharan Africa. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4235178
  • Beck, T., Levine, R. and Loayza, N. (2000), “Finance And The Sources Of Growth”, Journal of Financial Economics, 58, 261-300.
  • Beck, T., Demirguc-Kunt, A., Laeven, L., and Maksimovic, V. (2006), “The Determinants of Financing Obstacles”, Journal of International Money and Finance, 25/6, 932-952, doi:10.1016/j.jimonfin.2006.07.005.
  • Bowersox, D.J., and Closs, D.J. (1996), Logistical Management: The Integrated Supply Chain Process, McGraw- Hill, New York.
  • Brunet, F. (2012), Regulatory Quality and Competitiveness in Recent European Union Member States, L’Europe en Formation, 2012/2 No:364.
  • Buzacott J.A., and Zhang, R.Q. (2004), “Inventory Management With Asset-Based Financing”, Management Science, 50/9, 1274-1292.
  • Cavinato, J.L. (2004), “Supply Chain Logistics Risks”, International Journal of Physical Distribution and Logistics Management, 34/5, 383-387.
  • Choi, T.M., Chui, C.H and Chan, H.K. (2016), “Risk Management of Logistics Systems”, Transportation Research Part E, 90, 1-6.
  • Claessens, S. and Feijen, E, (2007), Financial Sector Development and the Millennium Development Goals, working paper, The World Bank. http://dx.doi.org/10.1596/978-0-8213-6865-7.
  • Cihak, M., Demirguc-Kunt, A., Feyen, E., and Levine R, (2012), Benchmarking Financial Systems Around The World, Working Paper, The World Bank.
  • Cihak, M., and Demirguc-Kunt, A., (2013), Rethinking the State's Role in Finance, World Bank, Washington, DC. https://openknowledge.worldbank.org/handle/10986/13197.
  • Cohen, J. (1988), Statistical Power Analysis for The Behavioral Sciences (2nd ed.), Lawrence Erlbaum Associates, Hillsdale, NJ.
  • Coto-Milan, P., Agueros, M., Casares-Hontanon, P. and Pesquera, M. (2013), “Impact of Logistics Performance on World Economic Growth 2007–2012”, World Review of Intermodal Transportation Research, 4/4. CSCMP, Council of Supply Chain Management Professionals, (n.d.), CSCMP Supply Chain Management definitions and Glossary. https://cscmp.org/CSCMP/Educate/SCM_Definitions_and_Glossary_of_Terms.aspx.
  • Drobetz, W., Gounopoulos, D., Merikas, A. and Schöder, H. (2013), “Capital structure decisions of globally-listed shipping”, Transportation Research Part E, 52, 49-76.
  • Ellram, L.M. (1991), “Supply-Chain Management: The Industrial Organization Perspective”, International Journal of Physical Distribution and Logistics Management, 21/1, 13–22.
  • Fan, Y., and Stevenson, M., (2018), “A Review Of Supply Chain Risk Management: Definition, Theory, and Research Agenda”, International Journal of Physical Distribution and Logistics Management. 48/3, 205-230.
  • Fanelli, J.M. and Medhora, R., (2002), Finance and competitiveness in developing countries. José María Fanelli and Rohinton Medhora Routledge (Ed.), International Development Research Center, London, New York.
  • Fawcett, S.E., Waller, M.A., and Bowersox, D.J. (2011), “Cinderella in the C-Suite: Conducting Influential Research to Advance the Logistics and Supply Chain Disciplines”, Journal of Business Logistics, 32/2, 115–121.
  • Fugate, B.S., Mentzer, J.T., and Stank, T.P. (2010), “Logistics Performance: Efficiency, Effectiveness, and Differentiation”, Journal of Business Logistics, 31/1, 43–62.
  • Gatti, R. and Vaubourg, A. (2009), Unemployment and Finance: How Do Financial and Labor Market Factos Interact?, The Institute of the Study of Labor (IZA) Discussion Paper Series, Bonn, Germany.
  • Geisser, S. (1974), “A predictive approach to the random effect model”, Biometrika, 61/1, 101–107.
  • Goldsmith, R.W. (1969), Financial Structure and Development, Yale University Press, New Haven.
  • Govindan, K. and Chaudhuri, A. (2015), “Interrelationships of Risks Faced By Third Party Logistics Service Providers: A DEMATEL Based Approach”, Transportation Research Part E, 90, 177-195.
  • Göçer, A., Özpeynirci, Ö., Semiz, M. (2022). “Logistics Performance Index-Driven Policy Development: An Application to Turkey”, Transport Policy, 124, 20-32.
  • Gupta, S., and Dutta, K. (2011), “Modeling of Financial Supply Chain”, European Journal of Operational Research, 211/1, 47–56.
  • Haber, S.H. (1991), “Industrial concentration and the capital markets: A comparative study of Brazil, Mexico, and the United States 1830– 1930”, Journal of Economics History, 51/3, 559–580.
  • Haber, S.H., (1996), Capital Immobilities and Industrial Development: A Comparative Study Of Brazil, Mexico, and the United States, 1840–1930, Stanford University.
  • Hair, J.F., Black, W.C., Babin, B.J., Anderson, R. E., and Tatham, H.A. (2009), Multivariate Data Analysis (7th Edition), Pearson Prentice-Hall, Upper Saddle River, NJ.
  • Hair, J.F., Ringle, C.M., and Sarstedt, M. (2011), “PLS-SEM: Indeed A Silver Bullet”, Journal of Marketing Theory and Practice, 19/2, 139-151.
  • Hair, J.F.Jr., Hult, G.T.M., Ringle, C.M. and Sarstedt, M. (2016), A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM), SAGE Publications, Kindle Edition.
  • Hair, Jf., Risher, J.J., Sarstedt, M., Ringle, C.M. (2019). When To Use and How to Report the Results of PLS-SEM. European Business Review. https://doi.org/10.1108/EBR-11-2018-0203.
  • Hair, J.F., Hult, G.T.M., Ringle, C.M., Sarstedt, M., Danks, N.P., Ray, S. (2021). Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R. Springer. https://doi.org/10.1007/978-3-030-80519-7
  • Hair, J. F., Hult, G. T. M., Ringle, C. M., and Sarstedt, M. (2022). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). 3rd Ed. Thousand Oaks, CA: Sage.
  • Heckmann, I., Comes, T., and Nickel, S. (2015), “A critical review on supply chain risk - Definition, measure and modeling”, Omega-International Journal of Management Science, 52, 119-132.
  • Hertwig, P. and Rau, P. (2010), Risk Management in the Air Cargo Industry Revenue Management, Capacity Options and Financial Intermediation, Hamburg: Diplomica Verlag GmbH.
  • Hofmann, E. (2009), “Inventory Financing in Supply Chains: A Logistics Service Provider-Approach”, International Journal of Physical Distribution and Logistics Management, 39/9, 716–740.
  • Hofmann, E. and Johnson, M., (2016), “Guest editorial”, International Journal of Physical Distribution and Logistics Management, 46/4.
  • Hsu, P., Tian, X., and Xu, Y. (2014), “Financial Development And Innovation: Crosscountry Evidence”, Journal of Financial Economics, 112/1, 116-135.
  • IMF, International Monetary Fund. (2005), Financial Sector Assessment A Handbook Chapter 2 Indicators of Financial Structure, Development, and Soundness. Washington, D.C. http://www.imf.org/external/pubs/ft/fsa/eng/.
  • Kavussanos, M.G. and Visvikis, I., (2006), Derivatives and Risk Management in Shipping, 1st Edition, Witherbys Publishing, London.
  • King, R.G. and Levine, R. (1993), “Finance and Growth: Schumpeter Might Be Right”, Quarterly Journal of Economics, 108, 717–738.
  • Kleindorfer, P.R. and Visvikis, I., (2007), Integration of Financial and Physical Networks in Global Logistics, presented at the Wharton-INSEAD Alliance Conference: Network-based Strategies and Competencies, Philadelphia.
  • Kwak, D.-W., Rodrigues, V. S., Mason, R., Pettit, S., and Beresford, A. (2018), “Risk Interaction Identification in International Supply Chain Logistics”, International Journal of Operations and Production Management, 38/2, 372–389. doi:10.1108/ijopm-03-2016-0121.
  • Levine, R. (1997), “Financial Development and Economic Growth: Views and Agenda”, Journal of Economic Literature, 688-726.
  • Levine, R. (2005), Finance and Growth: Theory and Evidence, In Handbook of Economic Growth. Philippe Aghion and Steven Durlauf (Ed.), 865–934.
  • Levine, R. (2021). Finance, Growth, and Inequality. IMF Working Paper, WP)21/164. https://www.imf.org/-/media/Files/Publications/WP/2021/English/wpiea2021164-print-pdf.ashx
  • Manuj, I. and Mentzer, J.T. (2008), “Global supply chain risk management strategies”, International Journal of Physical Distribution and Logistics Management, 38/3, 192-223.
  • Martí, L., Puertasa, R. and Garciab, L. (2014). The Importance of the Logistics Performance Index in International Trade. Applied Economics, 46/24, 2982 – 2992.
  • Mentzer, J.T., Soonhong, M., and Bobbitt, L.M. (2004), “Toward a Unified Theory of Logistics”, International Journal of Physical Distribution and Logistics Management, 34/8, 606–627.
  • More, D. and Basu, P. (2013), “Challenges of Supply Chain Finance: A Detailed Study and A Hierarchical Model Based on The Experiences of An Indian Firm”, Business Process Management Journal, 19/4, 624-647.
  • Outreville, J. F. (1999), “Financial Development, Human Capital and Political Stability”, UNCTAD Discussion Paper No. 142.
  • Ozdemir, L. (2017), Relationship Between Financial Development And Logistics Performance And Their Effects On The Competitiveness: An Empirical Cross-Country Study, Doctoral Dissertation. https://tez.yok.gov.tr/UlusalTezMerkezi/giris.jsp (Accession Number: 481540).
  • Rajan, R., and Zingales, L. (1998), “Financial development and growth”, American Economic Review, 88, 559-551. Sahay, R., Cihak, M., N'Diaye, P., Barajas, A., Bi, R., Ayala, D., Gao, Y., Kyobe, A., Ngyuen, L., Saborowski, C., Svirydzenka, K., and Yousefi, S.R. (2015). Rethinking Financial Deepening: Stability and Growth in Emerging Markets, IMF Discussion Note SDN/15/08. https://www.imf.org/external/pubs/ft/sdn/2015/sdn1508.pdf
  • Samans, R., Blanke, J., Corrigan, G. and Drzeniek, M. (2015), The Inclusive Growth and Development Report, The World Bank Insight Report, Geneve.
  • Schramm, H.J. (2012), Freight Forwarder’s Intermediary Role in Multimodal Transport Chain, Physical-Verlog, Springer Heildelberg Dordrecht, New York.
  • Silvestro, R. and Lustrato, P. (2014). Integrating Financial and Physical Supply Chains: The Role of Banks in Enabling Supply Chain Integration. International Journal of Operations and Production Management, 34/3, 298-324.
  • Song, H., Yu, K. and Lu, Q. (2018), "Financial Service Providers and Banks’ Role in Helping SMEs to Access Finance", International Journal of Physical Distribution and Logistics Management, 48/1, 69-92.
  • Stone, M. (1974), “Cross-validatory Choice and Assessment of Statistical Predictions”, Journal of the Royal Statistical Society, 36, 111–147.
  • Uyar, A., Fernandes, V. ve Kuzey C., (2021). The Mediating Role of Corporate Governance Between Public Governance and Logistics Performance: International Evidence. Transport Policy, 109, 37-47.
  • World Bank. (2008), Finance for All? Policies and Pitfalls in Expanding Access. A World Bank Policy Research Report. Washington DC: The International Bank for Reconstruction and Development / The World Bank.
  • World Bank (2022). Financial development. https://www.worldbank.org/en/ publication/gfdr/gfdr-2016/background/financial-development.
  • World Economic Forum. (2012), Financial Development Report 2012, The World Economic Forum USA Inc.
  • World Economic Forum, (2015). The Global Competitiveness Report 2015-2016. Switzerland, Geneva. https://www3.weforum.org/docs/gcr/2015-2016/Global_Competitiveness_Report_2015-2016.pdf.
  • Zhen, X., Li, Y., Cai, G. and Shi, D. (2016), “Transportation Disruption Risk Management: Business Interruption Insurance and Backup Transportation”, Transportation Research Part E, 90, 51–68.

THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE

Yıl 2023, Sayı: 57, 201 - 217, 18.07.2023
https://doi.org/10.30794/pausbed.1215073

Öz

Although value of financial development for logistics industry is stressed by literature, the studies examining the impact of the dimensions of financial development -depth, access, and efficiency- on logistics performance are limited. Hence, the purpose of this paper is to contribute to the literature by empirically examining the association among logistics performance, financial depth, access and efficiency, by adding global competitiveness and good governance variables into the model. Test results show that good governance has the largest impact on all. Importantly, financial depth, access, and efficiency have a significant and positive impact on logistics performance. One-unit change in financial depth, access, and efficiency leads 0,272, 0,195 and 0,164 unit change in logistics performance, respectively. Interestingly, we are not able to find statistically significant support for the linkage between financial depth and global competitiveness, but we find that financial access has the largest impact on global competitiveness compared to financial efficiency.

Kaynakça

  • Acemoglu, D. (2001), “Credit Market Imperfections And Persistent Unemployment”, European Economic Review, 45, 665-679.
  • Acemoglu, D. and Robinson, J.A. (2012), Why Nations Fail: The Origins of Power, Prosperity, and Poverty, New York, NY: Crown.
  • Alizadeh, A.H., Kappou, K., Tsouknidis, D. and Visvikis I. (2015), “Liquidity Effects and FFA Returns in the International Shipping Derivatives Market”, Transportation Research Part E, 76, 58-75.
  • Ardic, O.P., Heimann, M. and Mylenko, N. (2011), “Access to Financial Services and the Financial Inclusion Agenda around the World A Cross-Country Analysis with a New Data Set”, working paper 5537, The World Bank. https://elibrary.worldbank.org/doi/epdf/10.1596/1813-9450-5537
  • Arvis, J.F., Mustra, M.A., Ojala, L., Shepherd, B. and Saslavsky, D. (2012), Connecting to Compete 2012, Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators, The International Bank for Reconstruction and Development, The World Bank, Washington, DC.
  • Astrachan, C.B., Patel V.K., and Wanzernried G. (2014), “A comparative study of CB-SEM and PLS-SEM for theory development in family firm research”, Journal of Family Business Strategy, 5, 116-128.
  • Banda, L.G. (2022). The Unsprising Role Of Governance On Logistics Performance: Panel Evidence From Sub-Saharan Africa. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4235178
  • Beck, T., Levine, R. and Loayza, N. (2000), “Finance And The Sources Of Growth”, Journal of Financial Economics, 58, 261-300.
  • Beck, T., Demirguc-Kunt, A., Laeven, L., and Maksimovic, V. (2006), “The Determinants of Financing Obstacles”, Journal of International Money and Finance, 25/6, 932-952, doi:10.1016/j.jimonfin.2006.07.005.
  • Bowersox, D.J., and Closs, D.J. (1996), Logistical Management: The Integrated Supply Chain Process, McGraw- Hill, New York.
  • Brunet, F. (2012), Regulatory Quality and Competitiveness in Recent European Union Member States, L’Europe en Formation, 2012/2 No:364.
  • Buzacott J.A., and Zhang, R.Q. (2004), “Inventory Management With Asset-Based Financing”, Management Science, 50/9, 1274-1292.
  • Cavinato, J.L. (2004), “Supply Chain Logistics Risks”, International Journal of Physical Distribution and Logistics Management, 34/5, 383-387.
  • Choi, T.M., Chui, C.H and Chan, H.K. (2016), “Risk Management of Logistics Systems”, Transportation Research Part E, 90, 1-6.
  • Claessens, S. and Feijen, E, (2007), Financial Sector Development and the Millennium Development Goals, working paper, The World Bank. http://dx.doi.org/10.1596/978-0-8213-6865-7.
  • Cihak, M., Demirguc-Kunt, A., Feyen, E., and Levine R, (2012), Benchmarking Financial Systems Around The World, Working Paper, The World Bank.
  • Cihak, M., and Demirguc-Kunt, A., (2013), Rethinking the State's Role in Finance, World Bank, Washington, DC. https://openknowledge.worldbank.org/handle/10986/13197.
  • Cohen, J. (1988), Statistical Power Analysis for The Behavioral Sciences (2nd ed.), Lawrence Erlbaum Associates, Hillsdale, NJ.
  • Coto-Milan, P., Agueros, M., Casares-Hontanon, P. and Pesquera, M. (2013), “Impact of Logistics Performance on World Economic Growth 2007–2012”, World Review of Intermodal Transportation Research, 4/4. CSCMP, Council of Supply Chain Management Professionals, (n.d.), CSCMP Supply Chain Management definitions and Glossary. https://cscmp.org/CSCMP/Educate/SCM_Definitions_and_Glossary_of_Terms.aspx.
  • Drobetz, W., Gounopoulos, D., Merikas, A. and Schöder, H. (2013), “Capital structure decisions of globally-listed shipping”, Transportation Research Part E, 52, 49-76.
  • Ellram, L.M. (1991), “Supply-Chain Management: The Industrial Organization Perspective”, International Journal of Physical Distribution and Logistics Management, 21/1, 13–22.
  • Fan, Y., and Stevenson, M., (2018), “A Review Of Supply Chain Risk Management: Definition, Theory, and Research Agenda”, International Journal of Physical Distribution and Logistics Management. 48/3, 205-230.
  • Fanelli, J.M. and Medhora, R., (2002), Finance and competitiveness in developing countries. José María Fanelli and Rohinton Medhora Routledge (Ed.), International Development Research Center, London, New York.
  • Fawcett, S.E., Waller, M.A., and Bowersox, D.J. (2011), “Cinderella in the C-Suite: Conducting Influential Research to Advance the Logistics and Supply Chain Disciplines”, Journal of Business Logistics, 32/2, 115–121.
  • Fugate, B.S., Mentzer, J.T., and Stank, T.P. (2010), “Logistics Performance: Efficiency, Effectiveness, and Differentiation”, Journal of Business Logistics, 31/1, 43–62.
  • Gatti, R. and Vaubourg, A. (2009), Unemployment and Finance: How Do Financial and Labor Market Factos Interact?, The Institute of the Study of Labor (IZA) Discussion Paper Series, Bonn, Germany.
  • Geisser, S. (1974), “A predictive approach to the random effect model”, Biometrika, 61/1, 101–107.
  • Goldsmith, R.W. (1969), Financial Structure and Development, Yale University Press, New Haven.
  • Govindan, K. and Chaudhuri, A. (2015), “Interrelationships of Risks Faced By Third Party Logistics Service Providers: A DEMATEL Based Approach”, Transportation Research Part E, 90, 177-195.
  • Göçer, A., Özpeynirci, Ö., Semiz, M. (2022). “Logistics Performance Index-Driven Policy Development: An Application to Turkey”, Transport Policy, 124, 20-32.
  • Gupta, S., and Dutta, K. (2011), “Modeling of Financial Supply Chain”, European Journal of Operational Research, 211/1, 47–56.
  • Haber, S.H. (1991), “Industrial concentration and the capital markets: A comparative study of Brazil, Mexico, and the United States 1830– 1930”, Journal of Economics History, 51/3, 559–580.
  • Haber, S.H., (1996), Capital Immobilities and Industrial Development: A Comparative Study Of Brazil, Mexico, and the United States, 1840–1930, Stanford University.
  • Hair, J.F., Black, W.C., Babin, B.J., Anderson, R. E., and Tatham, H.A. (2009), Multivariate Data Analysis (7th Edition), Pearson Prentice-Hall, Upper Saddle River, NJ.
  • Hair, J.F., Ringle, C.M., and Sarstedt, M. (2011), “PLS-SEM: Indeed A Silver Bullet”, Journal of Marketing Theory and Practice, 19/2, 139-151.
  • Hair, J.F.Jr., Hult, G.T.M., Ringle, C.M. and Sarstedt, M. (2016), A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM), SAGE Publications, Kindle Edition.
  • Hair, Jf., Risher, J.J., Sarstedt, M., Ringle, C.M. (2019). When To Use and How to Report the Results of PLS-SEM. European Business Review. https://doi.org/10.1108/EBR-11-2018-0203.
  • Hair, J.F., Hult, G.T.M., Ringle, C.M., Sarstedt, M., Danks, N.P., Ray, S. (2021). Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R. Springer. https://doi.org/10.1007/978-3-030-80519-7
  • Hair, J. F., Hult, G. T. M., Ringle, C. M., and Sarstedt, M. (2022). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). 3rd Ed. Thousand Oaks, CA: Sage.
  • Heckmann, I., Comes, T., and Nickel, S. (2015), “A critical review on supply chain risk - Definition, measure and modeling”, Omega-International Journal of Management Science, 52, 119-132.
  • Hertwig, P. and Rau, P. (2010), Risk Management in the Air Cargo Industry Revenue Management, Capacity Options and Financial Intermediation, Hamburg: Diplomica Verlag GmbH.
  • Hofmann, E. (2009), “Inventory Financing in Supply Chains: A Logistics Service Provider-Approach”, International Journal of Physical Distribution and Logistics Management, 39/9, 716–740.
  • Hofmann, E. and Johnson, M., (2016), “Guest editorial”, International Journal of Physical Distribution and Logistics Management, 46/4.
  • Hsu, P., Tian, X., and Xu, Y. (2014), “Financial Development And Innovation: Crosscountry Evidence”, Journal of Financial Economics, 112/1, 116-135.
  • IMF, International Monetary Fund. (2005), Financial Sector Assessment A Handbook Chapter 2 Indicators of Financial Structure, Development, and Soundness. Washington, D.C. http://www.imf.org/external/pubs/ft/fsa/eng/.
  • Kavussanos, M.G. and Visvikis, I., (2006), Derivatives and Risk Management in Shipping, 1st Edition, Witherbys Publishing, London.
  • King, R.G. and Levine, R. (1993), “Finance and Growth: Schumpeter Might Be Right”, Quarterly Journal of Economics, 108, 717–738.
  • Kleindorfer, P.R. and Visvikis, I., (2007), Integration of Financial and Physical Networks in Global Logistics, presented at the Wharton-INSEAD Alliance Conference: Network-based Strategies and Competencies, Philadelphia.
  • Kwak, D.-W., Rodrigues, V. S., Mason, R., Pettit, S., and Beresford, A. (2018), “Risk Interaction Identification in International Supply Chain Logistics”, International Journal of Operations and Production Management, 38/2, 372–389. doi:10.1108/ijopm-03-2016-0121.
  • Levine, R. (1997), “Financial Development and Economic Growth: Views and Agenda”, Journal of Economic Literature, 688-726.
  • Levine, R. (2005), Finance and Growth: Theory and Evidence, In Handbook of Economic Growth. Philippe Aghion and Steven Durlauf (Ed.), 865–934.
  • Levine, R. (2021). Finance, Growth, and Inequality. IMF Working Paper, WP)21/164. https://www.imf.org/-/media/Files/Publications/WP/2021/English/wpiea2021164-print-pdf.ashx
  • Manuj, I. and Mentzer, J.T. (2008), “Global supply chain risk management strategies”, International Journal of Physical Distribution and Logistics Management, 38/3, 192-223.
  • Martí, L., Puertasa, R. and Garciab, L. (2014). The Importance of the Logistics Performance Index in International Trade. Applied Economics, 46/24, 2982 – 2992.
  • Mentzer, J.T., Soonhong, M., and Bobbitt, L.M. (2004), “Toward a Unified Theory of Logistics”, International Journal of Physical Distribution and Logistics Management, 34/8, 606–627.
  • More, D. and Basu, P. (2013), “Challenges of Supply Chain Finance: A Detailed Study and A Hierarchical Model Based on The Experiences of An Indian Firm”, Business Process Management Journal, 19/4, 624-647.
  • Outreville, J. F. (1999), “Financial Development, Human Capital and Political Stability”, UNCTAD Discussion Paper No. 142.
  • Ozdemir, L. (2017), Relationship Between Financial Development And Logistics Performance And Their Effects On The Competitiveness: An Empirical Cross-Country Study, Doctoral Dissertation. https://tez.yok.gov.tr/UlusalTezMerkezi/giris.jsp (Accession Number: 481540).
  • Rajan, R., and Zingales, L. (1998), “Financial development and growth”, American Economic Review, 88, 559-551. Sahay, R., Cihak, M., N'Diaye, P., Barajas, A., Bi, R., Ayala, D., Gao, Y., Kyobe, A., Ngyuen, L., Saborowski, C., Svirydzenka, K., and Yousefi, S.R. (2015). Rethinking Financial Deepening: Stability and Growth in Emerging Markets, IMF Discussion Note SDN/15/08. https://www.imf.org/external/pubs/ft/sdn/2015/sdn1508.pdf
  • Samans, R., Blanke, J., Corrigan, G. and Drzeniek, M. (2015), The Inclusive Growth and Development Report, The World Bank Insight Report, Geneve.
  • Schramm, H.J. (2012), Freight Forwarder’s Intermediary Role in Multimodal Transport Chain, Physical-Verlog, Springer Heildelberg Dordrecht, New York.
  • Silvestro, R. and Lustrato, P. (2014). Integrating Financial and Physical Supply Chains: The Role of Banks in Enabling Supply Chain Integration. International Journal of Operations and Production Management, 34/3, 298-324.
  • Song, H., Yu, K. and Lu, Q. (2018), "Financial Service Providers and Banks’ Role in Helping SMEs to Access Finance", International Journal of Physical Distribution and Logistics Management, 48/1, 69-92.
  • Stone, M. (1974), “Cross-validatory Choice and Assessment of Statistical Predictions”, Journal of the Royal Statistical Society, 36, 111–147.
  • Uyar, A., Fernandes, V. ve Kuzey C., (2021). The Mediating Role of Corporate Governance Between Public Governance and Logistics Performance: International Evidence. Transport Policy, 109, 37-47.
  • World Bank. (2008), Finance for All? Policies and Pitfalls in Expanding Access. A World Bank Policy Research Report. Washington DC: The International Bank for Reconstruction and Development / The World Bank.
  • World Bank (2022). Financial development. https://www.worldbank.org/en/ publication/gfdr/gfdr-2016/background/financial-development.
  • World Economic Forum. (2012), Financial Development Report 2012, The World Economic Forum USA Inc.
  • World Economic Forum, (2015). The Global Competitiveness Report 2015-2016. Switzerland, Geneva. https://www3.weforum.org/docs/gcr/2015-2016/Global_Competitiveness_Report_2015-2016.pdf.
  • Zhen, X., Li, Y., Cai, G. and Shi, D. (2016), “Transportation Disruption Risk Management: Business Interruption Insurance and Backup Transportation”, Transportation Research Part E, 90, 51–68.
Toplam 70 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Finans
Bölüm Araştırma Makalesi
Yazarlar

Levent Özdemir 0000-0003-4578-9247

Erken Görünüm Tarihi 5 Temmuz 2023
Yayımlanma Tarihi 18 Temmuz 2023
Kabul Tarihi 3 Mart 2023
Yayımlandığı Sayı Yıl 2023 Sayı: 57

Kaynak Göster

APA Özdemir, L. (2023). THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi(57), 201-217. https://doi.org/10.30794/pausbed.1215073
AMA Özdemir L. THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE. PAUSBED. Temmuz 2023;(57):201-217. doi:10.30794/pausbed.1215073
Chicago Özdemir, Levent. “THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE”. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, sy. 57 (Temmuz 2023): 201-17. https://doi.org/10.30794/pausbed.1215073.
EndNote Özdemir L (01 Temmuz 2023) THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 57 201–217.
IEEE L. Özdemir, “THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE”, PAUSBED, sy. 57, ss. 201–217, Temmuz 2023, doi: 10.30794/pausbed.1215073.
ISNAD Özdemir, Levent. “THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE”. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 57 (Temmuz 2023), 201-217. https://doi.org/10.30794/pausbed.1215073.
JAMA Özdemir L. THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE. PAUSBED. 2023;:201–217.
MLA Özdemir, Levent. “THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE”. Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, sy. 57, 2023, ss. 201-17, doi:10.30794/pausbed.1215073.
Vancouver Özdemir L. THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE. PAUSBED. 2023(57):201-17.