Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies

Yinqing Guan

doi:10.47297/wspdecWSP2515-797320.20250912

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Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies

9卷第12期

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Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies
Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies
IFC, Renmin University of China(Suzhou), Suzhou, Jiangsu, 215123, China
2025年9卷第12期页码：97-101
纸质出版：2025-12-30
DOI：10.47297/wspdecWSP2515-797320.20250912
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Yinqing Guan. (2025). Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies. 发展经济学, 9(12), 97-101.

Guan Yinqing.Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies[J].Development Economics of China,2025,09(12):97-101.
Yinqing Guan. (2025). Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies. 发展经济学, 9(12), 97-101. DOI： 10.47297/wspdecWSP2515-797320.20250912.

Guan Yinqing.Terminal Network Expansion, Price Competition and Profitability Volatility in Express Delivery Companies: Evidence from Chinese Listed Express Delivery Companies[J].Development Economics of China,2025,09(12):97-101. DOI： 10.47297/wspdecWSP2515-797320.20250912.

摘要

Abstract

China's express delivery industry is shifting from scale-oriented to quality-focused development. However

this transition faces a challenge: rising volumes paired with falling prices

leading to profit instability. Using panel data from five listed companies (2016–2024)

this study examines how price competition impacts profit volatility and the stabilizing role of terminal network density. The results highlight three points. First

aggressive price competition significantly intensifies profit volatility (β=2.048

p<0.01)

confirming that price wars undermine financial stability. Second

terminal network density acts as a buffer. It reduces the negative shocks from price competition

helping companies absorb market fluctuations. Third

firms with direct operation models demonstrate stronger risk resistance than franchise-based ones due to better outlet control. These findings offer practical evidence for investment strategies and industry management.

关键词

Keywords

references

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