Abstract
Increasing world trade volume and technological innovations enhance the global competition and also affect the logistics sector, which is a substantial component of trade. The increasingly competitive environment leads businesses operating in the logistics sector to make a number of strategic investment decisions such as purchases of property, plant and equipment, and financial investments, and joint ventures. In this study, the impact of strategic investment decisions taken by logistics businesses on stock returns is analyzed. For this purpose, 46 strategic investment announcements made by businesses listed on the BIST Transportation index (XULAS) between January 2014 and December 2020 were analyzed by using the 'event study' method; consequently, it has been determined that strategic investment decisions have an impact on the stock returns.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
