ECONOMIC RESILIENCE OF COASTAL CITIES: ANALYSIS OF COMPANY BANKRUPTCY FACTORS IN THE LOGISTICS SECTOR AT TANJUNG EMAS PORT IN SEMARANG DURING THE ERA OF CLIMATE CHANGE
Ahmad Dwi Nuryanto

Faculty of Law, Semarang University

Abstract

This study analyzes the factors that influence the risk of bankruptcy of logistics companies in the Tanjung Emas Port area of Semarang in the context of climate change as one of the main threats to the economic resilience of coastal cities. Using a mixed methods approach, this study combines quantitative analysis of company financial data with qualitative analysis through field observations and in-depth interviews with operational managers, business owners, and port authorities. The results show that ecological disturbances, particularly tidal flooding, land subsidence, and infrastructure damage, have a significant impact on declining productivity and increasing costs for companies. The Altman Z-Score model and regression analysis confirm that the frequency of tidal flooding is a dominant factor accelerating the risk of bankruptcy, exacerbated by weak liquidity, high debt burdens, and industry competition pressures. Qualitative findings indicate a gap in adaptation capacity between companies, with large companies being better able to invest in mitigation strategies than small and medium-sized companies. This study emphasizes the importance of integrating climate adaptation strategies, modernizing logistics systems, and government policy support to strengthen the resilience of the logistics sector as an important pillar of the coastal city economy. Thus, efforts to prevent bankruptcy do not only depend on internal company management, but also on cross-sector synergy in facing the increasing risks of climate change.

Keywords: Coastal Economic Resilience, Corporate Bankruptcy, Logistics, Tanjung Emas Port, Climate Change

Topic: Governance, Policy, and Education of Coastal Area