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

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dc.contributor.authorLeviäkangas Pekka
dc.contributor.authorOjala Lauri
dc.contributor.authorPaik Seong Mok
dc.contributor.authorPekkala Veikko
dc.contributor.organizationfi=toimitusketjujen johtaminen|en=Operations & Supply Chain Management|
dc.contributor.organization-code1.2.246.10.2458963.20.54392617491
dc.converis.publication-id182053137
dc.converis.urlhttps://research.utu.fi/converis/portal/Publication/182053137
dc.date.accessioned2025-08-28T02:52:14Z
dc.date.available2025-08-28T02:52:14Z
dc.description.abstract<p>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.<br></p><p><br>Keywords: Port performance, Financial analysis, COVID-19, Finland</p>
dc.identifier.eissn2364-4575
dc.identifier.jour-issn2364-4575
dc.identifier.olddbid209856
dc.identifier.oldhandle10024/192883
dc.identifier.urihttps://www.utupub.fi/handle/11111/49688
dc.identifier.urlhttps://doi.org/10.1186/s41072-023-00158-5
dc.identifier.urnURN:NBN:fi-fe2025082792522
dc.language.isoen
dc.okm.affiliatedauthorOjala, Lauri
dc.okm.discipline512 Business and managementen_GB
dc.okm.discipline512 Liiketaloustiedefi_FI
dc.okm.internationalcopublicationinternational co-publication
dc.okm.internationalityInternational publication
dc.okm.typeA1 ScientificArticle
dc.publisherSpringer
dc.publisher.countrySwitzerlanden_GB
dc.publisher.countrySveitsifi_FI
dc.publisher.country-codeCH
dc.relation.articlenumber29
dc.relation.doi10.1186/s41072-023-00158-5
dc.relation.ispartofjournalJournal of Shipping and Trade
dc.relation.volume8
dc.source.identifierhttps://www.utupub.fi/handle/10024/192883
dc.titleCOVID‑19 and the financial resilience of Finland’s seaports
dc.year.issued2023

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