IDEAS home Printed from https://ideas.repec.org/a/spr/josatr/v8y2023i1d10.1186_s41072-023-00158-5.html
   My bibliography  Save this article

COVID-19 and the financial resilience of Finland’s seaports

Author

Listed:
  • Pekka Leviäkangas

    (University of Oulu)

  • Lauri Ojala

    (University of Turku)

  • Seong Mok Paik

    (University College Dublin)

  • Veikko Pekkala

    (University of Oulu)

Abstract

This research quantifies the impacts that COVID-19 had on the financial performance of Finnish seaports. The data comprises annual financial statement information from 18 seaports. The ports are different in terms of ownership, size, and main lines of business. Most ports’ turnover dropped because of COVID-19, and their profitability declined. However, the ports were able to maintain their financial position quite well despite their declining turnovers. Statistically significant impacts of COVID-19 were observable regarding turnover growth, profitability, labor intensity and capital intensity. Surprisingly, ports with mainly import traffic had the least negative impacts on turnover growth.

Suggested Citation

  • Pekka Leviäkangas & Lauri Ojala & Seong Mok Paik & Veikko Pekkala, 2023. "COVID-19 and the financial resilience of Finland’s seaports," Journal of Shipping and Trade, Springer, vol. 8(1), pages 1-20, December.
    • Handle: RePEc:spr:josatr:v:8:y:2023:i:1:d:10.1186_s41072-023-00158-5
    DOI: 10.1186/s41072-023-00158-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s41072-023-00158-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1186/s41072-023-00158-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:josatr:v:8:y:2023:i:1:d:10.1186_s41072-023-00158-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.