PortEconomics member Francesco Parola, along with PortEconomics co-director Theo Notteboom, PortEconomics member Jean-Paul Rodrigue and Giovanni Satta (Department of Economics, University of Genoa) have published a port study in the 33rd issue of the scholarly Journal of the Transport Geography. The study provides an 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 strategy and objectives and by factors exogenous to the firm. The study looks at antecedent factors that (could) play a role in a company’s entry mode strategy in a public-private partnership (PPP) setting. More specifically, we analyse 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).
You may freely download the authors’ version @PortEconomics.eu.