کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7386626 | 1480635 | 2011 | 7 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Examining the influence of firm performance on business risk-taking and the mediation effect of scale of operations in the container terminal industry
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Container shipping and its related service sectors help accelerate globalization of the world economy. This industry has been experiencing rapid growth, prompting container terminal operators to increase their handling capacity in response. Providing container terminal services requires substantial capital investment in physical assets such as cargo handling facilities and information systems. On the other hand, operating container terminals is a long-term investment that typically spans several business cycles. Hence prudent asset management using appropriate tools is critical for container terminal operators to sustain their businesses. Generally, due to risk-adverseness, investors are unwilling to take more risk in their investment unless they can reap a higher return. Contrary to this argument, this study finds no direct influence of better firm performance as a proxy of higher return on business risk-taking by container terminal operators. Instead, scale of operations is positively associated with business risk-taking, suggesting that container terminal operators with a larger scale of operations are willing to take more business risk.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research in Transportation Economics - Volume 32, Issue 1, 2011, Pages 64-70
Journal: Research in Transportation Economics - Volume 32, Issue 1, 2011, Pages 64-70
نویسندگان
Y.H. Venus Lun, Michael Browne, Kee-hung Lai, Christina W.Y. Wong, T.C.E. Cheng,