<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Research background:</bold> Environmental factors are not adequately addressed in organizational ecology studies. At the same time, it is known that the theory has not received enough attention except for North America, which is the emerging point.
<bold>Purpose:</bold> We aim to examine macroeconomic connectedness between the organizational ecology of transportation and storage firms and macroeconomic variables such as price and production indexes.
<bold>Research methodology:</bold> This paper discusses the relation among the following variables within the framework of macroeconomic connectedness via organizational ecology theory. The variables are FOUNDINGS, DISBANDINGS, TRNSP-CPI, PPI IPI and ENERGY. We use the TVP-VAR based Diebold-Yılmaz Connectedness approach in the analysis of the data.
<bold>Results:</bold> DISBANDING is the net transmitter throughout the entire period. FOUNDING is mainly a net shock receiver during the COVID-19 period and transmitter in other periods. TRANS-CPI and PPI are risk receivers throughout the entire period, and even the shocks they transmit increased in the post-2018 period. ENERGY and IPI are in shock receiver status throughout the entire period. The received shocks of IPI from others have decreased with the effect of the lockdown experienced during the COVID-19 period.
<bold>Novelty:</bold> The investors can hedge against risk by looking at industry production capacity and the number of firm closures, considering the net bilateral link between the indices, and calculating the appropriate time period for establishing a firm. Connectedness indices vary considerably over the sampling period, which indicates that investors must dynamically adjust their position in the industry.
</abstract>

Research background: Environmental factors are not adequately addressed in organizational ecology studies. At the same time, it is known that the theory has not received enough attention except for North America, which is the emerging point.
Purpose: We aim to examine macroeconomic connectedness between the organizational ecology of transportation and storage firms and macroeconomic variables such as price and production indexes.
Research methodology: This paper discusses the relation among the following variables within the framework of macroeconomic connectedness via organizational ecology theory. The variables are FOUNDINGS, DISBANDINGS, TRNSP-CPI, PPI IPI and ENERGY. We use the TVP-VAR based Diebold-Yılmaz Connectedness approach in the analysis of the data.
Results: DISBANDING is the net transmitter throughout the entire period. FOUNDING is mainly a net shock receiver during the COVID-19 period and transmitter in other periods. TRANS-CPI and PPI are risk receivers throughout the entire period, and even the shocks they transmit increased in the post-2018 period. ENERGY and IPI are in shock receiver status throughout the entire period. The received shocks of IPI from others have decreased with the effect of the lockdown experienced during the COVID-19 period.
Novelty: The investors can hedge against risk by looking at industry production capacity and the number of firm closures, considering the net bilateral link between the indices, and calculating the appropriate time period for establishing a firm. Connectedness indices vary considerably over the sampling period, which indicates that investors must dynamically adjust their position in the industry.

Time-Varying Network Connectedness Between the Organizational Ecology of Transportation and Storage Firms and Macroeconomic Variables

M.Sc., Department of Business Administration

Ph.D., Department of Business Administration

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Research background: Environmental factors are not adequately addressed in organizational ecology studies. At the same time, it is known that the theory has...

Time-Varying Network Connectedness Between the Organizational Ecology of Transportation and Storage Firms and Macroeconomic Variables

Published Online: Dec 20, 2022

Page range: 209 - 223

Received: Jun 06, 2022

Accepted: Oct 15, 2022

DOI: https://doi.org/10.2478/foli-2022-0027

Keywords
Diebold-Yılmaz Connectedness, Organizational ecology, Organizational foundings and disbandings, Transportation and Storage, TVP-VAR

© 2022 Murathan Tuncer et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Time-Varying Network Connectedness Between the Organizational Ecology of Transportation and Storage Firms and Macroeconomic Variables

Published Online: Dec 20, 2022

Page range: 209 - 223

Received: Jun 06, 2022

Accepted: Oct 15, 2022

DOI: https://doi.org/10.2478/foli-2022-0027

KeywordsDiebold-Yılmaz Connectedness, Organizational ecology, Organizational foundings and disbandings, Transportation and Storage, TVP-VAR

© 2022 Murathan Tuncer et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Keywords
Diebold-Yılmaz Connectedness, Organizational ecology, Organizational foundings and disbandings, Transportation and Storage, TVP-VAR