FEAS RESEARCH E-BULLETIN FEAS RESEARCH E-BULLETIN DECEMBER 2017 | Page 13

Author: Özdemir, Levent
Title: Relationship between Financial Development and Logistics Performance and Their Effects
on the Competitiveness: An Empirical Cross-Country Study
Supervisor: Assoc. Prof. Dr. Halit Engin Küçükkaya
Department: Business Administration
Date: May 2017
Abstract: In financially developed countries, financial system produce information about possible
investments to allocate capital, monitor managers and firms after allocating capital, facilitate risk
management, mobilize savings and ease the exchange of goods, services and financial instruments.
All these services enormously affect the countries’ logistics performance which is backbone of trade.
Because finance development enables the logisticians to deep and broad access to capital and
financial services such as financing capital asset, working capital and inventory management,
insuring or helping to hedge some sort of risks and easing exchange of goods/services/information.
In turn, increased logistics performance boosts competitiveness of the countries. Thus, purpose of
this dissertation is to examine relationship between financial development and logistics
performance by taking into account state governance quality and countries’ competitiveness.
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