Journal of Navigation and Port Research (한국항해항만학회지)

Korean Institute of Navigation and Port Research (한국항해항만학회)
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A Study on the Performance Comparison of Container Terminal Operators in Busan Port and Shanghai Port

부산항과 상하이항 컨테이너 터미널 운영사의 경영성과 비교에 관한 연구

  • Kim, AA-Rom (Transportation Management College, Dalian Maritime University) ;
  • Ryoo, Dong-Keun (Division of Shipping Management, Korea Maritime University)
  • 김아롬 (대련해사대학교 교통운수관리학원) ;
  • 류동근 (한국해양대학교 해운경영학부)
  • Received : 2015.08.27
  • Accepted : 2016.06.28
  • Published : 2016.06.30
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Abstract

Due to the continuous increasement of the container cargoes, each container port market has been growing as well. Moreover, the competition among container terminal operators located in the same port is also growing in order to attract more container cargoes. This paper looked into the market structures, market conducts and market performances of container ports in Busan and Shanghai. The index which has been most widely used to measure market structure, the Hirschman-Herfindahl Index (HHI), is computed by squaring each supplier's market share, then adding the squared shares. This paper estimated the market performance as profitability (PCM, ROA), growth (total TEU, rate of the increasement of TEU) and examined the effects of the HHI on the profitability and growth in a container terminal operators in Korea and China. The major findings of this study is that the market structure has effects on market performance in Busan port (total TEU) and Shanghai port (PCM, ROA and total TEU). As a result of analysing this study, market structure has an effect on market performance in Busan and Shanghai port, but the power of influence can be changed by market concentration index and various market conduct of companies.

각 항만의 터미널별 물동량을 기반으로 허쉬만-허핀달지수를 통해 부산항과 상하이항의 시장구조 측정을 실시하였고, 시장성과를 분석하기 위해 시장성과를 수익성과 성장성의 두 가지 측면으로 구분하였다. 수익성 측면에서는 각 컨테이너 터미널 운영사들의 가격-비용 마진율(PCM)과 자산수익률(ROA), 성장성 측면에서는 각 터미널의 처리 실적과 물동량 증감률을 통해 각 터미널 운영사의 성과를 측정하였다. 측정된 결과를 바탕으로 시장구조와 터미널 운영사의 성과에 대한 상관관계를 살펴보기 위해 회귀분석을 실시하였고, 결과를 상호 비교하였다. 연구결과, 부산항의 시장구조와 컨테이너 터미널 운영사의 성장성(처리실적), 상하이항의 시장구조와 컨테이너 터미널 운영사의 수익성(PCM, ROA) 및 성장성(처리실적)과의 관계가 유의적인 관계로 나타났다.

Keywords

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