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Croatian Operational Research Review, Vol. 6 No. 2, 2015.

Izvorni znanstveni članak
https://doi.org/10.17535/crorr.2015.0026

The Baltic Dry Index and performance excellence in a crisis environment

Elza Jurun ; Faculty of Economics Split, University of Split, Split, Croatia
Nada Ratković   ORCID icon orcid.org/0000-0003-2624-5412 ; Ekonomski fakultet, Sveučilište u Splitu, Split, Croatia
Frano Moro ; Moro & Moro j.d.o.o., Otok Dalmatinski, Croatia

Puni tekst: engleski, pdf (329 KB) str. 335-346 preuzimanja: 354* citiraj
APA 6th Edition
Jurun, E., Ratković, N. i Moro, F. (2015). The Baltic Dry Index and performance excellence in a crisis environment. Croatian Operational Research Review, 6 (2), 335-346. https://doi.org/10.17535/crorr.2015.0026
MLA 8th Edition
Jurun, Elza, et al. "The Baltic Dry Index and performance excellence in a crisis environment." Croatian Operational Research Review, vol. 6, br. 2, 2015, str. 335-346. https://doi.org/10.17535/crorr.2015.0026. Citirano 20.02.2019.
Chicago 17th Edition
Jurun, Elza, Nada Ratković i Frano Moro. "The Baltic Dry Index and performance excellence in a crisis environment." Croatian Operational Research Review 6, br. 2 (2015): 335-346. https://doi.org/10.17535/crorr.2015.0026
Harvard
Jurun, E., Ratković, N., i Moro, F. (2015). 'The Baltic Dry Index and performance excellence in a crisis environment', Croatian Operational Research Review, 6(2), str. 335-346. doi: https://doi.org/10.17535/crorr.2015.0026
Vancouver
Jurun E, Ratković N, Moro F. The Baltic Dry Index and performance excellence in a crisis environment. Croatian Operational Research Review [Internet]. 2015 [pristupljeno 20.02.2019.];6(2):335-346. doi: https://doi.org/10.17535/crorr.2015.0026
IEEE
E. Jurun, N. Ratković i F. Moro, "The Baltic Dry Index and performance excellence in a crisis environment", Croatian Operational Research Review, vol.6, br. 2, str. 335-346, 2015. [Online]. doi: https://doi.org/10.17535/crorr.2015.0026

Sažetak
This paper focuses on an approach to analyzing the relationship between the Baltic Dry Index (BDI) as the main indicator of the cyclical nature of the maritime market and the performance excellence of the representative shipping companies. Results have shown that there is a strong positive correlation between average annual BDI values and performance excellence indicators measured by the traditional adjusted Altman Z-score as well as the recent indicator, the Bex Index. BDI as the most comprehensive indicator of global demand for commodities and raw materials is also analyzed as a supply and demand signal on the stock market. The aim was to test the hypothesis that BDI also functions as a signal that promptly responds to crisis effects. The methodological procedure has been carried out using a real database spanning from 1985 to 2013 where the results have confirmed the hypothesis.

Ključne riječi
Baltic Dry Index; performance excellence; Bex Index; adjusted Altman Z-score; maritime market; shipping companies excellence

Hrčak ID: 148265

URI
https://hrcak.srce.hr/148265

Posjeta: 564 *