Analysis of factors underlying foreign entry strategies of terminal operators in container ports
Port reforms around the world have opened regional container port terminal markets. The emergence of a wide array of global terminal operators has led to a differentiation in entry strategies driven by their respective objectives and by factors exogenous to the firm. This paper looks at antecedent factors that play a role in a company’s entry strategy in a public–private partnership (PPP) setting by performing binomial logistic regression on a large sample of container terminal deals over the period 2002–2010. More specifically, it analyzes to what extent firm-specific, external, project and cross-cultural factors play a decisive role in the choice between direct PPPs (i.e. stepping into a new PPP arrangement such as a new concession agreement) and indirect PPPs (i.e. stepping into an existing PPP arrangement through acquisitions). The empirical findings demonstrate the pivotal role of some firm specific characteristics (market experience and business model), external factors (host country development and market openness, government effectiveness, market concentration degree, and market saturation) and project-related factors (project size, number of partners involved, and equity joint venture with the Port Authority), also unveiling some preliminary results in relation to cross-cultural variables.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/09666923
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Supplemental Notes:
- Abstract reprinted with permission of Elsevier.
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Authors:
- Parola, Francesco
- Notteboom, Theo
- Satta, Giovanni
- Rodrigue, Jean-Paul
- Publication Date: 2013-12
Language
- English
Media Info
- Media Type: Print
- Features: Figures; Maps; References; Tables;
- Pagination: pp 72-84
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Serial:
- Journal of Transport Geography
- Volume: 33
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 0966-6923
- Serial URL: http://www.elsevier.com/locate/jtrangeo
Subject/Index Terms
- TRT Terms: Business practices; Choice models; Container terminals; International transportation; Logistic regression analysis; Ports of entry; Public private partnerships; Strategic planning
- Subject Areas: Administration and Management; Freight Transportation; Marine Transportation; Terminals and Facilities; I10: Economics and Administration; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01524789
- Record Type: Publication
- Files: TRIS
- Created Date: May 2 2014 1:10PM