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首页> 外文期刊>Journal of Transport Geography >Analysis of factors underlying foreign entry strategies of terminal operators in container ports
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Analysis of factors underlying foreign entry strategies of terminal operators in container ports

机译：集装箱港口码头经营者境外进入策略的影响因素分析

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摘要

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 analyses 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.
机译：世界各地的港口改革开放了区域性集装箱港口码头市场。各种各样的全球终端运营商的出现，导致了进入战略的差异化，这是由其各自的目标和公司外部因素驱动的。本文着眼于在公共市场中公司进入战略中起作用的前因。通过对2002-2010年期间的大量集装箱码头交易样本执行二项式逻辑回归来确定私人合伙（PPP）。更具体地说，它分析了公司特定，外部，项目和跨文化因素在直接PPP（即进入新的PPP协议，例如新的特许协议）和间接PPP（即，新的PPP）之间的选择中起决定性作用的程度。实证结果表明，某些公司特定特征（市场经验和商业模式），外部因素（东道国发展和市场开放度，政府效力，市场集中度和市场饱和度）起着关键作用。 ）以及与项目相关的因素（项目规模，参与的合作伙伴数量以及与港口管理局的合资企业），还揭示了一些与跨文化变量有关的初步结果。

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