Abstract
The degree of internationalisation of a shipping firm is paramount to its long-term success. As a result, the paper assesses the factors that affect the relative internationalisation of shipping firms' land-based activities, such as terminals and sales offices. Based on the response from top executives of 23 Norwegian shipping companies, a multivariate model is employed to test the proposed hypotheses. Significant differences have been found between shipping companies that are domestic-based (no foreign investment) and companies that are more global. Three factors that make investment in foreign countries more attractive to shipping firms have been identified, namely: (1) a firm's possession of exceptional technology or unique experience; (2) the possibility of gaining access to unique resources in foreign markets; and (3) shipping markets with mostly long-term contracts.
| Original language | English |
|---|---|
| Journal | International Journal of Maritime Economics |
| Volume | 3 |
| Issue number | 3 |
| Pages (from-to) | 298-317 |
| Number of pages | 20 |
| ISSN | 1388-1973 |
| DOIs | |
| Publication status | Published - Sept 2001 |
| Externally published | Yes |
Keywords
- Internationalisation in shipping
- Maritime business strategy
- Foreign direct investment
- Globalisation
