THE ASSOCIATION AMONG DIMENSIONS OF FINANCIAL DEVELOPMENT AND LOGISTICS PERFORMANCE
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.
Anahtar Kelimeler
Logistics performance, financial depth, financial access, financial efficiency, good governance, global competitiveness.
Kaynakça
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