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Journal of Risk and Financial Management is published by MDPI from Volume 6 Issue 1 (2013). Articles in this Issue were published by another publisher in Open Access under a CC-BY (or CC-BY-NC-ND) licence. Articles are hosted by MDPI on mdpi.com as a courtesy and upon agreement with Prof. Dr. Raymond A. K. Cox and Prof. Dr. Alan Wong.
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J. Risk Financial Manag. 2012, 5(1), 115-130; https://doi.org/10.3390/jrfm5010115

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

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. View Full-Text
Keywords: technical efficiency; port performance; IPO; profitability technical efficiency; port performance; IPO; profitability
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Wang, G.; Gao, C. Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China. J. Risk Financial Manag. 2012, 5, 115-130.

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