J. Risk Financial Manag. 2012, 5(1), 115-130; doi:10.3390/jrfm5010115
Article

Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China

1,* email and 2
1 Department of Maritime Administration, Texas A&M University, Galveston, TX 77553, USA 2 Department of Economics, Texas A&M University, College Station, TX 77843, USA
* Author to whom correspondence should be addressed.
Published: 31 December 2012
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Abstract: The Bohai Economic Rim plays an important role in supporting China’s economic growth. For this research, we selected nine main ports in the region to study whether intra-port competition or corporatization would improve efficiency. Using a panel fixed effect model and stochastic frontier model, we found that the technical efficiency of selected ports is significantly influenced by the time of the initial public offering than by regional competition. The results are supportive and encouraging for policy makers to move toward the decentralized port governance in China.
Keywords: technical efficiency; port performance; IPO; profitability

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MDPI and ACS Style

Wang, G.; Gao, C. Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China. J. Risk Financial Manag. 2012, 5, 115-130.

AMA Style

Wang G, Gao C. Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China. Journal of Risk and Financial Management. 2012; 5(1):115-130.

Chicago/Turabian Style

Wang, Grace; Gao, Chen. 2012. "Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China." J. Risk Financial Manag. 5, no. 1: 115-130.

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