The Time Scale of Internationalisation: The Case of the Container Port Industry
AbstractInstitutional change of the 1990s in port sectors worldwide has been followed by the emergence of port investing/operating transnational corporations (TNCs). Yet the supply of investment opportunities may be diminishing and evidence suggests the investment time window is closing. Timing thus becomes a critical component of the internationalisation process of firms. This paper focuses on temporal aspects of internationalisation. It puts immediate emphasis on Asian TNCs since – as latecomers – they have grown to dominate the industry. We perform a longitudinal analysis of TNC behaviour in relation to changes in domestic and foreign market conditions. Constraints of an institutional nature facing TNC entry in foreign markets are forcing firms to ‘leapfrog’ some of the logical sequential phases of internationalisation often assumed by mainstream theory. The degree of openness of foreign markets still largely dictates both opportunities and modalities of private entry. Findings suggest that institutional conditions determine to a large extent what strategic choices may be possible in any given context. Maritime Economics & Logistics (2007) 9, 1–34. doi:10.1057/palgrave.mel.9100169
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Maritime Economics & Logistics.
Volume (Year): 9 (2007)
Issue (Month): 1 (March)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Kaselimi, Evangelia N. & Notteboom, Theo E. & Pallis, Athanasios A. & Farrell, Sheila, 2011. "Minimum Efficient Scale (MES) and preferred scale of container terminals," Research in Transportation Economics, Elsevier, vol. 32(1), pages 71-80.
- Pallis, Athanasios A. & de Langen, Peter W., 2010. "Seaports and the structural implications of the economic crisis," Research in Transportation Economics, Elsevier, vol. 27(1), pages 10-18.
- van Asperen, E. & Dekker, R., 2010. "Flexibility in Port Selection: A Quantitative Approach Using Floating Stocks," Econometric Institute Research Papers EI 2009-44, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.