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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,*  and 2
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 technical efficiency; port performance; IPO; profitability
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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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.

J. Risk Financial Manag. EISSN 1911-8074 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert