A New Logistic Model of Market Information Asymmetry Reduction in Poland
The article presents the first theoretical and empirical estimation of the role of logistics in mitigating the effects of market information asymmetry in Poland. Following a review of international (Akerlof, Spencer, Stiglitz) and Polish literature (Gołembska, Gruszecki, Stradomski), a new logistic...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-01-01
|
| Series: | Logistics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2305-6290/5/1/5 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849251408107274240 |
|---|---|
| author | Elżbieta Gołembska |
| author_facet | Elżbieta Gołembska |
| author_sort | Elżbieta Gołembska |
| collection | DOAJ |
| description | The article presents the first theoretical and empirical estimation of the role of logistics in mitigating the effects of market information asymmetry in Poland. Following a review of international (Akerlof, Spencer, Stiglitz) and Polish literature (Gołembska, Gruszecki, Stradomski), a new logistic model of information asymmetry (LMAI) is presented. The article attempts an empirical verification of this model using the results of studies conducted in Polish firms in the period 2000–2018. The studies examined the efficiency and effectiveness of logistics management, with a particular focus on logistics infrastructure expenditure, balance-sheet inventories, and logistics costs. The computation of the LMAI indicator, based on averaged data provided by manufacturers, distributors and service firms, enabled the estimation of the impact of logistics management on reducing the effects of information asymmetry, and showed the differences of this impact in individual industries including the pharmaceutical, tourist, transport and food distribution industry. |
| format | Article |
| id | doaj-art-7b0b4223636d4a8e90eb62e2b94b6962 |
| institution | Kabale University |
| issn | 2305-6290 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj-art-7b0b4223636d4a8e90eb62e2b94b69622025-08-20T03:56:58ZengMDPI AGLogistics2305-62902021-01-0151510.3390/logistics5010005A New Logistic Model of Market Information Asymmetry Reduction in PolandElżbieta Gołembska0Department Finance and Banking, WSB University of Poznanul, Powstancow Wielkopolskich 5, 61-895 Poznan, PolandThe article presents the first theoretical and empirical estimation of the role of logistics in mitigating the effects of market information asymmetry in Poland. Following a review of international (Akerlof, Spencer, Stiglitz) and Polish literature (Gołembska, Gruszecki, Stradomski), a new logistic model of information asymmetry (LMAI) is presented. The article attempts an empirical verification of this model using the results of studies conducted in Polish firms in the period 2000–2018. The studies examined the efficiency and effectiveness of logistics management, with a particular focus on logistics infrastructure expenditure, balance-sheet inventories, and logistics costs. The computation of the LMAI indicator, based on averaged data provided by manufacturers, distributors and service firms, enabled the estimation of the impact of logistics management on reducing the effects of information asymmetry, and showed the differences of this impact in individual industries including the pharmaceutical, tourist, transport and food distribution industry.https://www.mdpi.com/2305-6290/5/1/5logistic model of information asymmetrysources of information asymmetrytransaction costslogistics infrastructurelogistics costslogistification |
| spellingShingle | Elżbieta Gołembska A New Logistic Model of Market Information Asymmetry Reduction in Poland Logistics logistic model of information asymmetry sources of information asymmetry transaction costs logistics infrastructure logistics costs logistification |
| title | A New Logistic Model of Market Information Asymmetry Reduction in Poland |
| title_full | A New Logistic Model of Market Information Asymmetry Reduction in Poland |
| title_fullStr | A New Logistic Model of Market Information Asymmetry Reduction in Poland |
| title_full_unstemmed | A New Logistic Model of Market Information Asymmetry Reduction in Poland |
| title_short | A New Logistic Model of Market Information Asymmetry Reduction in Poland |
| title_sort | new logistic model of market information asymmetry reduction in poland |
| topic | logistic model of information asymmetry sources of information asymmetry transaction costs logistics infrastructure logistics costs logistification |
| url | https://www.mdpi.com/2305-6290/5/1/5 |
| work_keys_str_mv | AT elzbietagołembska anewlogisticmodelofmarketinformationasymmetryreductioninpoland AT elzbietagołembska newlogisticmodelofmarketinformationasymmetryreductioninpoland |