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Kerstin Lampe
Former Member
Title
Dipl.-Wi.-Ing.
Last Name
Lampe
First name
Kerstin
Phone
+41 71 224 7288
Now showing
1 - 10 of 57
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PublicationUnderstanding the cost of capital of logistics service providers: an empirical investigation of multiple contingency variablesThe article analyzes the influence of company-, industry- and market-related variables on the cost of capital of logistics service providers, as well as on their systematic risk. Financial information has become more and more important in strategic decision making (especially in the international context); in addition of being a measure of performance, the cost of capital is an important variable for logistics service providers in decisions about investing capital and developing the appropriate strategy. In total, financial data on over 700 logistics service providers for a period of 10 years were analyzed applying multiple regression analysis. Our results show that the logistics service industry is rather nonvolatile from an investor's viewpoint. Microeconomic variables significantly influence the cost of capital of logistics service providers, whereas systematic risk is influenced by macroeconomic variables. In both cases, significance is strongly dependent on the services offered and financial structure of the companies, although the headquarters location is irrelevant. Main implication of our study underlines the specific interdependencies of strategic decision making and cost of capital of logistics service providers. As recent research made only little efforts in linking the fields of business logistics and corporate finance, we follow a broad research approach to give a first comprehensive overview on this interdisciplinary topic.Type: journal articleJournal: Logistics ResearchVolume: 7Issue: 1
Scopus© Citations 10 -
PublicationFinancial statement analysis of logistics service providers: Ways of enhancing performanceDespite 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.Type: journal articleJournal: International Journal of Physical Distribution and Logistics ManagementVolume: 43Issue: 4
Scopus© Citations 30 -
PublicationInformation Needs of Logistics Service Providers in Strategic Decisions : An Outside-In PerspectivePurpose To resist global competition, the strategy of logistics service providers (LSP) becomes more and more important. Strategic decisions concerning offered services or industries / markets operating in cannot be made without the appropriate financial or non-financial information regarding markets, customers or competitors of LSPs. This research aims at identifying the most important information categories required by LSPs in four different strategic decision situations based on Ansoff's product/market-matrix. Design/methodology/approach A grey-based decision-making trial and evaluation laboratory (DEMTAL) method was applied in order to evaluate questionnaires filled out by decisions makers of 17 LSPs from Germany, Austria and Switzerland. They were asked to make pairwise comparisons of 6 information categories for four decision situations (in total 120 pairwise comparisons per respondent). Findings Information needs are dependent on the size and core competency of LSPs, and the strategic decision to be made. E.g. when focusing on market penetration, financial competitor and non-financial market information is more important than customer data. Research limitations/implications The sample size is relatively small, although in most DEMATEL applications sample size is even smaller. For that reason, grey-systems theory was integrated. Practical implications On the one hand, the results help researchers to survey and provide required information. On the other hand, LSPs can use the results as a kind of guideline for what kind of information should be gathered in strategic decisions. Original/value This research is the first known work that focuses on the information needs of LSPs in strategic decision making. Related work primarily analyzed shippers' information needs for choosing LSPs.Type: conference paper
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PublicationAnalyzing the systematic risk of logistics service providers : The influence of market, industry and company effectsWith this paper we want to find out which factors influence beta coefficient of logistics service providers. The systematic risk (beta coefficient, ?) of LSPs becomes more and more important for strategic decision making of LSPs, as it helps calculating the cost of capital. The cost of capital is an important factor when assessing LSPs' (future) investments, strategies and performance.
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PublicationLogistics blue chip clusters : A comparison of quoted logistics service providersThe aim of the paper is to gain knowledge about the financial structure of logistics service providers (LSPs). We want to answer the following research questions: Is there a "unique" balance sheet structure standard for LSPs? What is the importance of asset-, capital- and liquidity structure for the entire branch and each cluster? Which are the key macro financial factors of high profitability in LSP clusters?Type: conference paper
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PublicationExamination of logistics market surveys : A question of rigor and relevanceWe identify the most established indicators for surveying logistics markets and analyze their comparability. Shortcomings in logistics market surveys (LMSs) with respect to indicators and methods are identified. Rigor and relevance of published LMSs are critically examined. An outline for surveying logistics markets is given.Type: conference paper
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PublicationType: bookVolume: 1. Auflage Dezember 2013
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