物流服务公司财务报表的分析外文文献.doc

物流服务公司财务报表的分析外文文献翻译 16960字 投稿：叶璐璑 标题: Financial statement analysis of logistics service providers: ways of enhancing performance 作者: Hofmann, Erik; Lampe, Kerstin 期刊名称: International Journal of Physical Distribution Logistics Management 卷: 43；期: 4；页: 321-342；年份: 2013 文档 ID: 1355291837 文档 URL: 版权: Copyright Emerald Group Publishing Limited 2013 数据库: ProQuest Central 原文 Financial statement analysis of logistics service providers: ways of Enhancing performance Hofmann and Lampe Hofmann; Lampe Abstract Purpose - Despite the relevance of financial information relating to logistics service providers (LSPs), recent research has paid little attention to the financial analysis of LSPs. The aim of this paper is to examine the balance sheet structure of LSPs in order to find out if there are differences between single providers or defined LSP groups (clusters), respectively. Furthermore, the dependency of asset, capital and liquidity structures on LSPs specific characteristics is pointed out. Finally, we show which financial indicators positively influence profitability. Design/methodology/approach - A total of 150 quoted LSPs from all over the world, allocated to six different clusters depending on scope of service were examined. A detailed balance sheet analysis using contingency theory, complemented by a correlation analysis, provides information about the financial structure, similarities and differences within and in-between the LSP clusters. Findings - It was found that there are many differences regarding the financial structures of LSPs. The asset and liquidity structure of LSPs show significant differences, while the capital structure is mostly homogeneous. Profitability is achieved in various ways: Focusing on high net profit margin or asset turnover rates. Research limitations/implications - Only quoted LSPs are analyzed. With this broad research approach the authors point out the range of possibilities for financial statement analysis of LSPs and demonstrate