The Baltic Dry Index and performance excellence in a crisis environment
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 correlati...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Croatian Operational Research Society
2015-10-01
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| Series: | Croatian Operational Research Review |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=218171 |
| _version_ | 1828356180172341248 |
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| author | Elza Jurun Nada Ratković Frano Moro |
| author_facet | Elza Jurun Nada Ratković Frano Moro |
| author_sort | Elza Jurun |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-14T02:54:33Z |
| format | Article |
| id | doaj.art-4c73a01e9bf54288860904e36dc5c0ff |
| institution | Directory Open Access Journal |
| issn | 1848-0225 1848-9931 |
| language | English |
| last_indexed | 2024-04-14T02:54:33Z |
| publishDate | 2015-10-01 |
| publisher | Croatian Operational Research Society |
| record_format | Article |
| series | Croatian Operational Research Review |
| spelling | doaj.art-4c73a01e9bf54288860904e36dc5c0ff2022-12-22T02:16:09ZengCroatian Operational Research SocietyCroatian Operational Research Review1848-02251848-99312015-10-016233534610.17535/crorr.2015.0026The Baltic Dry Index and performance excellence in a crisis environmentElza Jurun0Nada Ratković1Frano Moro2Faculty of Economics Split, University of Split, Split, CroatiaEkonomski fakultet, Sveučilište u Splitu, Split, CroatiaMoro & Moro j.d.o.o., Otok Dalmatinski, CroatiaThis 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.http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=218171Baltic Dry Indexperformance excellenceBex Indexadjusted Altman Z-scoremaritime marketshipping companies excellence |
| spellingShingle | Elza Jurun Nada Ratković Frano Moro The Baltic Dry Index and performance excellence in a crisis environment Croatian Operational Research Review Baltic Dry Index performance excellence Bex Index adjusted Altman Z-score maritime market shipping companies excellence |
| title | The Baltic Dry Index and performance excellence in a crisis environment |
| title_full | The Baltic Dry Index and performance excellence in a crisis environment |
| title_fullStr | The Baltic Dry Index and performance excellence in a crisis environment |
| title_full_unstemmed | The Baltic Dry Index and performance excellence in a crisis environment |
| title_short | The Baltic Dry Index and performance excellence in a crisis environment |
| title_sort | baltic dry index and performance excellence in a crisis environment |
| topic | Baltic Dry Index performance excellence Bex Index adjusted Altman Z-score maritime market shipping companies excellence |
| url | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=218171 |
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