Effect of regional intelligent logistics policy on market value evidence from Chinese logistics companies Online publication date: Wed, 03-May-2023
by Siyu Wang; Jiahe Hou; Yanjie Liang
International Journal of Modelling in Operations Management (IJMOM), Vol. 8, No. 4, 2022
Abstract: The paper studies the stock market reaction of 88 regional intelligent logistics policies (RILPs) for Chinese logistics companies from 2013-2020. First, we find the stock market reaction of RILPs is positive. Second, combined with fundamental analysis theory (FAT), this research discusses the stock market reaction from macro factors, industry factors, and micro factors. For macro factors, when the per capita GDP of province is worse or its information service revenue is better, the market reaction of RILP is more positive. For industry factors, the worse the logistics industry added values are, the more positive the reaction of RILPs is. For micro factors, an RILP has a more positive impact on the smaller enterprises. Finally, we compare the market reactions of polices issued by provincial governments (which is RILPs) with those of central-government intelligent logistics policies (CILPs), and the effects of RILPs are more positive.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Modelling in Operations Management (IJMOM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook