Leverage, liquidity, cash flows and company performance of Chinese listed logistics companies during COVID-19 based on multiple linear regression model and data mining

Abstract

Due to the control policies, company performance is highly affected by the COVID-19 pandemic. This paper aims to examine the impact of leverage, liquidity and cash flows from operations towards company performance of Chinese logistics companies during the COVID-19 crisis. The data are collected from listed logistics companies during 2020-2021, and multiple regression analysis is carried out. Company performance is measured through return on assets and return on equity. The results show that liquidity and cash flows from operations have a positive impact on company performance, while leverage negatively affects company performance. This paper will contribute to the current literature and will aid corporate managers to deal with the COVID-19 crisis.