20.500.12556/RUL-184001 Profitability determinants of logistics firms a comparative analysis of Croatia and Slovenia This paper examines the profitability factors of logistics firms in Croatia and Slovenia, small open economies that rely on logistics infrastructure and operations to leverage their geographical advantages and maximise their potential to develop into regional logistics hubs and clusters. The analysis is based on a sample of 3,680 logistics firms in the Republic of Croatia and 5,730 in the Republic of Slovenia. The data for the analysis are sourced from the Orbis - Bureau van Dijk database and cover the period from 2007 to 2022. The study applies dynamic panel data analysis using the Arellano-Bond GMM estimator. The results show that a firm’s past profitability and net asset turnover have significant positive effects on the profitability of logistics firms, demonstrating the dynamic behaviour of logistics firm profitability. The findings indicate that the logistics market is dynamic and that industry specifics have a significant impact on profitability. Despite the increasing importance of logistics firms in national economies, research on logistics is rarely conducted from the perspective of logistics firm profitability. This study examines the determinants of logistics firm profitability and incorporates industry specifics into the analysis, which are important but often neglected in research of this type. The added value of this study also lies in the application of a dynamic model to examine the dynamic nature of firm profitability, which is rare but highly relevant. Slovenia Croatia logistics profit comparative advantages analysis logistics firms profitability dynamic panel data analysis GMM Slovenija Hrvaška logistika dobiček primerjalne prednosti analiza true false true Angleški jezik Slovenski jezik Članek v reviji 2026-06-23 19:00:17 2026-06-23 19:02:55 2026-06-24 04:17:23 0000-00-00 00:00:00 2026 0 0 10 str. article no. ǂ32 Vol. 18 2026 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 656 1867-0717 10.1186/s12544-026-00796-3 277921539 s12544-026-00796-3.pdf s12544-026-00796-3.pdf 1 263ED7D330FD36D3EFC669E7530B5EDF 2be7afb1563719a23f1f2694757bbbb24d7c6d6708f7d9c37715632230c0b2bc 3c319634-6f25-11f1-9b0d-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=236422 https://link.springer.com/article/10.1186/s12544-026-00796-3 0 3f87957c-6f25-11f1-9b0d-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=236423 Ekonomska fakulteta 0 0 0