Latest challenges to ports in public-private partnership: Case of Dandong Port (China)'s bankruptcy
The investment environment in port infrastructure appeared fluctuating in recent years, which threw more uncertainties and challenges in port Public-Private Partnership (PPP). Among ports in PPP, Dandong Port is the first case for port bankruptcy in China. In this contribution, the Interpretative St...
| Autores: | , , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2021 |
| País: | España |
| Institución: | Universitat Politècnica de Catalunya (UPC) |
| Repositorio: | UPCommons. Portal del coneixement obert de la UPC |
| Idioma: | inglés |
| OAI Identifier: | oai:upcommons.upc.edu:2117/365563 |
| Acceso en línea: | https://hdl.handle.net/2117/365563 https://dx.doi.org/10.1016/j.tranpol.2021.06.011 |
| Access Level: | acceso abierto |
| Palabra clave: | Harbors Marine terminals Public-private partnership (PPP) interpretive structural modelling (ISM) port bankruptcy port policy northeast China Ports Terminals marítimes Ports -- Xina Àrees temàtiques de la UPC::Nàutica::Infraestructures portuàries Àrees temàtiques de la UPC::Nàutica::Dret marítim i administratiu |
| Sumario: | The investment environment in port infrastructure appeared fluctuating in recent years, which threw more uncertainties and challenges in port Public-Private Partnership (PPP). Among ports in PPP, Dandong Port is the first case for port bankruptcy in China. In this contribution, the Interpretative Structural Model (ISM) is employed to investigate why the bankruptcy of Dandong Port happened and analyze the causes from different perspectives. The ISM-based model interprets the interrelationships among those causes and their positions in the structural hierarchy from high- to low-level. Results reveal that: (i) these factors ( i.e. the economy slowing down in the hinterland, ambitious port plan of local government and unprofessional top management) were the most direct factors to Dandong Port’s bankruptcy; (ii) these factors ( i.e. the economy slowing down in the hinterland, ambitious port plan of local government and unprofessional top management) were the most fundamental causes to this failure; (iii) these factors ( i.e. the ambitious port plan of local government, inappropriate strategic positioning, continuous expansion in port investment and unprofessional top management) were the most core causes for this collapse. Findings provide lessons to be learned from the bankruptcy for port PPP and offer managerial insight into port management policy. |
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