The Financial Implications of Non-Compliance in the Transportation Business

Abstract

The research interest in this study stems from the idea that "good business practices" in road transportation, concerned with increased care for staff safety, as well as regulatory compliance, may have profound social and economic implications. The institutional and political actors involved in transport have developed a common policy for rail, road, inland waterway, sea and air transportation, focusing in particular on: the development of common rules for transport within the European Union; the establishment and development of trans-European infrastructure networks; the provision of transport services and relations with countries outside the European Union; transport safety; relations with international bodies and organizations. This paper contributes to an empirical analysis in the field of transport, by conducting a quantitative analysis of the nonconformities found in the transport activity in the Romanian coastal area, complemented by an analysis of the interdependencies between these nonconformities and the profitability of transport companies. The analysis of nonconformities consisted in the investigation of noncompliance or deviations from the transport regulations in force in the coastal area of Romania during the years 2016-2020. The study investigated the structure and volume of the contraventions found and of the sanctions applied by the authorities to the entities operating in the field of transport in Constanta County. Our research continues to explore the social inflections of transportation nonconformities and economic incidents. The research used the Principal Component Analysis (PCA) method, which helped to analyze the relationships and the associations between the numerical variables introduced in the study.

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