Table 6 Data from the sample seaport companies: changes before-after in turnover growth, profit margin, liquidity position, solidity, and labor and capital intensity (productivity)
From: COVID-19 and the financial resilience of Finland’s seaports
Turnover growth change | Profit margin | Liquidity | Solidity | Labor intensity | Capital intensity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Port no | Before | After | Before | After | Before | After | Before | After | Before | After | Before | After |
1 | 3,6% | − 7.0% | 12.7% | 14.1% | 0.44 | 1.18 | 0.42 | 0.62 | 11.0% | 13.2% | 3.50 | 3.63 |
2 | 13.8% | − 0.6% | 18.4% | 4.3% | 1.92 | 3.71 | 0.45 | 0.57 | 10.9% | 13.2% | 2.73 | 3.46 |
3 | 3.8% | − 3.6% | 11.5% | − 18.3% | 3.36 | 4.31 | 1.56 | 1.91 | 9.6% | 8.5% | 4.51 | 5.21 |
4 | 25.5% | − 1.4% | 9.9% | 11.7% | 1.82 | 2.24 | 2.54 | 4.32 | 29.8% | 29.4% | 0.54 | 0.74 |
5 | 17.6% | − 6.9% | − 2.0% | − 6.3% | 4.01 | 0.51 | 6.60 | 1.62 | 9.9% | 9.2% | 4.94 | 6.30 |
6 | 10.0% | 8.7% | 8.3% | 8.7% | 1.74 | 0.69 | 0.95 | 1.61 | 6.6% | 8.0% | 0.58 | 0.73 |
7 | 2.3% | − 4.9% | 17.4% | − 1.5% | 2.80 | 2.79 | 9.17 | 5.38 | 28.7% | 26.2% | 5.54 | 9.74 |
8 | 5.1% | − 0.3% | 7.3% | 3.9% | 1.44 | 0.78 | 5.60 | 2.85 | 11.8% | 7.9% | 4.45 | 5.34 |
9 | 6.2% | 9.6% | 11.0% | 13.6% | 0.84 | 1.37 | 0.26 | 0.28 | 19.1% | 17.8% | 2.39 | 2.45 |
10 | − 2.2% | − 0.4% | 2.2% | − 2.7% | 0.78 | 0.72 | 1.55 | 1.73 | 15.9% | 10.7% | 5.66 | 6.76 |
11 | 15.8% | 4.0% | 0.0% | 13.8% | 0.58 | 0.79 | 0.12 | 0.20 | 22.0% | 14.3% | 7.88 | 9.63 |
12 | 4.6% | − 1.9% | − 1.1% | 0.0% | 4.07 | 2.53 | 4.07 | 2.53 | 26.9% | 30.8% | 10.59 | 7.83 |
13 | 16.0% | 13.8% | 14.8% | 17.3% | 5.23 | 2.27 | 0.29 | 0.36 | 5.3% | 5.8% | 1.71 | 3.45 |
14 | 3.6% | − 1.6% | 7.1% | − 0.6% | 1.64 | 1.60 | 1.36 | 1.02 | 16.9% | 10.1% | 6.96 | 8.81 |
15 | 8.4% | − 3.8% | 33.3% | 36.7% | 0.36 | 0.25 | 0.21 | 0.23 | na | na | 3.73 | 2.95 |
16 | 1.8% | − 3.6% | 5.0% | 2.7% | 2.38 | 5.02 | 0.42 | 0.48 | 19.8% | 18.2% | 3.03 | 2.77 |
17 | 14.0% | − 6.9% | 32.5% | 20.1% | 3.33 | 6.76 | 8.23 | 21.03 | 9.9% | 13.4% | 4.86 | 6.12 |
18 | − 0.3% | 5.3% | − 10.3% | − 3.8% | 1.63 | 2.16 | 0.85 | 0.90 | 31.1% | 29.2% | 0.15 | 0.12 |
t-test statistics | t(17) = − 4.075 p < 0.01 | t(17) = − 1.493 p = 0.08 | t(17) = 0.181 p = 0.57 | t(17) = 0.197 p = 0.58 | t(16) = − 1.389 p = 0.91 | t(17) = 2.060 p = 0.03 | ||||||
Hypothesis conclusion | H1 is accepted (Before > After) | H1 is accepted (Before > After) | H1 is rejected (Before ≤ After) | H1 is rejected (Before ≤ After) | H1 is rejected (Before ≥ After) | H1 is accepted (Before < After) | ||||||
Shapiro–Wilk | P = 0.386 > 0.1 | P = 0.158 > 0.1 | P = 0.489 > 0.1 | P = 0.489 > 0.1 | P = 0.674 > 0.1 | P = 0.178 > 0.1 | ||||||
Normality | Accepted | Accepted | Accepted | Accepted | Accepted | Accepted | ||||||