THIS DOI METADATA WAS LAST UPDATED: 2024-01-10 22:52
Full Title
ECONOMIA E DIRITTO DEL TERZIARIO
Publisher
FrancoAngeli
ISSN
1593-9464 (Printed Journal)
1972-5256 (Online Journal)
Journal Issue Number
2
Journal Issue Designation
2
Journal Issue Date (YYYY/MM)
2014/01
Full Title
L'impatto delle strategie corporate sulle performance delle imprese di logistica via mare
By (author)
First Page
201
Last Page
225
Language of text
Italian
Publication Date
2014/01
Copyright
2013 FrancoAngeli srl
Introduction or preface
Il trasporto e la logistica via mare sono tradizionalmente considerati comparti di attività economica caratterizzati da elevati livelli di instabilità e rischio, a causa dell'elevata volatilità dei noli, degli squilibri strutturali nei flussi di container e dell'ampiezza degli investimenti richiesti. Pertanto, le imprese di logistica via mare presentano sovente performance economico-finanziarie irregolari. Sebbene l'impatto delle scelte strategiche sulla redditività d'impresa rappresenti un tema di notevole interesse a livello accademico e manageriale, i contributi dedicati alle scelte strategiche a livello corporate delle imprese logistiche via mare rimangono limitati. Il presente articolo si pone l'obiettivo di colmare questo gap, misurando gli effetti sulla performance economico-finanziaria delle imprese di logistica via mare delle scelte strategiche a livello corporate. Le risultanze dell'analisi mostrano come gli investimenti orientati alla crescita, la focalizzazione sul core business, la diversificazione concentrica e l'integrazione verticale abbiano un impatto positivo sulla redditività, mentre la diversificazione conglomerale non sembra influire in modo significativo. Infine, il perseguimento di aggressive strategie di diversificazione geografica a livello internazionale sembra aver inciso negativamente sulla redditività delle imprese analizzate nel particolare intervallo temporale investigato. Tali risultati, coerenti con la letteratura in materia, presentano importanti implicazioni di natura scientifica e manageriale
Unstructured Citation
Abell, D.F., Defining the Business – The Starting Point of Strategic Planning, Englewood Cliffs, Prentice Hall, 1980.
Unstructured Citation
Alix, Y., Slack, B. e Comtois, C., Alliance or Acquisition? Strategies for Growth in the Container Shipping Industry, the Case of CP Ships, in «Journal of Transport Geography», 7, 1999, 3, pp. 203-208.
Unstructured Citation
Ansoff, H.I., Corporate Strategy: an Analytic Approach to Business Policy for Growth and Expansion, New York, NY, McGraw-Hill, 1965.
Unstructured Citation
Apergis, N. e Sorros, J., Disaggregated Earnings and Stock Prices: Evidence from International Listed Shipping Firms, in «International Advances in Economic Research», 16, 2010, 3, pp. 269-281.
Unstructured Citation
Archambault, M., Intermodalism and Liner Shipping Intermodal Approach, in «Transportation Practitioner’s Journal», 56, 1989, 2, pp. 151-163.
Unstructured Citation
Asdemir, O., Fernando, G.D. e Tripathy, A., Market Perception of Firm Strategy, in «Managerial Finance», 39, 2013, 2, pp. 90-115.
Unstructured Citation
Bartlett, C.A. e Ghoshal, S., Managing across Borders: The Transnational Solution, Boston, Harvard Business School Press, 1989.
Unstructured Citation
Bhuyan, S., Impact of Vertical Mergers on Industry Profitability: an Empirical Evaluation, in «Review of Industrial Organization» 20, 2002, 1, pp. 61-79.
Unstructured Citation
Bowman, E.H. e Helfat, C.E., Does Corporate Strategy Matter?, in «Strategic Management Journal», 22, 2001, 1, pp. 1-23.
Unstructured Citation
Buckley, P.J. e Casson, M.C., The Economic Theory of the Multinational Enterprise, London, Macmillan, 1976.
Unstructured Citation
Capar, N. e Kotabe, M., The Relationship between International Diversification and Performance in Service Firms, in «Journal of International Business Studies», 34, 2003, 4, pp. 345-355.
Unstructured Citation
Cariou, P., Liner Shipping Strategies: an Overview, in «International Journal of Ocean Systems Management», 1, 2008, 1, pp. 2-13.
Unstructured Citation
Carroll, G.R., A Sociological View on Why Firms Differ, in «Strategic Management Journal» 14, 1993, 4, pp. 237-249.
Unstructured Citation
Carter, S., Tagg, S. e Dimitratos, P., Beyond Portfolio Entreprenership: Multiple Income Source in Small Firms, in «Entrepreneurship & Regional Development», 16, 2004, 6, pp. 481-490.
Unstructured Citation
Chakrabarti, A., Singh, K. e Mahmood, I., Diversification and Performance: Evidence from East Asian Firms, in «Strategic Management Journal», 28, 2007, 2, pp. 101-120.
Unstructured Citation
Christensen, H.K. e Montgomery, C.A., Corporate Economic Performance: Diversification Strategy versus Market Structure, in «Strategic Management Journal», 2, 1981, 4, pp. 327-343.
Unstructured Citation
Datta, D.K., Rajagopalan, N., e Rasheed, A.M.A., Diversification and Performance: Critical Review and Future Directions, in «Journal of Management Studies», 28, 1991, 5, pp. 529-558.
Unstructured Citation
Delios, A. e Beamish, P.W., Ownership Strategy of Japanese Firms: Transactional, Institutional, and Experience Influences, in «Strategic Management Journal», 20, 1999, 10, pp. 915-933.
Unstructured Citation
Frémont, A., Global Maritime Networks: the Case of Maersk, in «Journal of Transport Geography», 15, 2007, 6, pp. 431-442.
Unstructured Citation
Frémont, A., Shipping Lines and Logistics, in «Transport Reviews», 29, 2009, 4, pp. 537-554.
Unstructured Citation
Geringer, J.M., Tallman, S. e Olsen, D.M., Product and International Diversification among Japanese Multinational Firms, in «Strategic Management Journal», 21, 2000, 1, pp. 51-80.
Unstructured Citation
Grammenos, C. e Arkoulis, A., The Long Run Performance of Shipping Initial Public Offerings, in «International Journal of Maritime Economics», 1, 2001, 1, pp. 71-93.
Unstructured Citation
Grant, R.M.,. Contemporary Strategy Analysis, Oxford, Basil Blackwell, 1995. Diversification: Effects on Innovation and Firm Performance in Product-Diversified Firms, in «The Academy of Management Journal», 40, 1997, 4, pp. 767-798.
Unstructured Citation
Hoskission, R.E., Hill, C.W.L. e Kim, H., The Multidivisional Structure: Organizational Fossil or Source of Value?, in «Journal of Management» 19, 1993, 2, pp. 269-298.
Unstructured Citation
Kang, Y-S. e Kim B-Y., Ownership Structure and Firm Performance: Evidence from the Chinese Corporate Reform, in «China Economic Review», 23, 2012, 2, pp. 471-481.
Unstructured Citation
Kimberly, J.R., Organizational Size and the Structuralist Perspective: A Review, Critic, and Proposal, in «Administrative
Science Quarterly», 21, 1976, pp. 571-597.
https://doi.org/10.2307/2391717
Unstructured Citation
Kock, C. e Guillen, M.F., Strategy and Structure in Developing Countries: Business Groups as an Evolutionary Response to Opportunities for Unrelated Diversification, in «Industrial and Corporate Change», 10, 2001, 1, pp. 77-113.
Unstructured Citation
Kotha S. e Nair, A., Strategy and Environment as Determinants of Performance: Evidence from the Japanese Machine Tool Industry, in «Strategic Management Journal », 16, 2007, 7, pp. 497-518.
Unstructured Citation
Lam, J.S., Yap, W.Y. e Cullinane, K., Structure, Conduct and Performance on the Major Liner Shipping Routes, in «Maritime Policy & Management», 34, 2007, 4, pp. 359-381.
Unstructured Citation
Lorange, P., Shipping Strategy. Innovating for Success, Cambridge, Cambridge University Press, 2009.
Unstructured Citation
Lun Y.H.V., Pang, K.W. e Panayides, P.M., Organisational Growth and Firm Performance in the International Container Shipping Industry, in «International Journal of Shipping and Transport Logistics», 2, 2010, 2, pp. 206-223.
Unstructured Citation
McConnell, J.J. e Muscarella, C.J., Corporate Capital Expenditure Decisions and the Market Value of the Firm, in «Journal of Financial Economics», 14, 1985, n.3, pp. 399-422.
Unstructured Citation
Mahoney, J.H., Intermodal Freight Transportation, Westport, CT., Eno Foundation for Transportation, 1985.
Unstructured Citation
Markides, C.C. e Williamson, P.J., Related Diversification, Core Competences and Corporate Performance, in «Strategic Management Journal», 15, 1994, Supplement S2, pp. 149-165.
Unstructured Citation
Midoro, R., Musso, E. e Parola, F., Maritime Liner Shipping and the Stevedoring Industry: Market Structure and Competition Strategies, in «Maritime Policy & Management », 32, 2005, 2, pp. 89-106.
Unstructured Citation
Milano G.V., Treadwell, S.C. e Hopson F., How Corporate Diversity and Size Influence Spin-Off and Other Breakups, in «Journal of Applied Corporate Finance», 23, 2011, 2, pp. 69-76.
Unstructured Citation
Miller, D.J., Firms’ Technological Resources and the Performance Effects of Diversification: A Longitudinal Study, in «Strategic Management Journal», 25, 2004, 11, pp. 1097-1119.
Unstructured Citation
Morck, R., Shleifer, A. e Vishny, R.W., Characteristics of Targets of Hostile and Friendly Takeovers”, in Corporate Takeovers: Causes and Consequences, a cura di A.J. Auerbach, Chicago, University of Chicago Press, 1988.
Unstructured Citation
Nath, P., Nachiappan, S. e Ramanathan, R., The Impact of Marketing Capability, Operations Capability and Diversification Strategy
on Performance: A Resource-Based View, in «Industrial Marketing Management», 39, 2010, pp. 317-329.
https://doi.org/10.1016/j.indmarman.2008.09.001
Unstructured Citation
Notteboom, T., Container Shipping and Ports: an Overview, in «The Review of Network Economics», 3, 2004, 2, pp. 86-106.
Unstructured Citation
Notteboom, T., De Monie, G. e Rodrigue, J.-P., Organizational and Geographical Ramifications of the 2008-2009 Financial Crisis on the Maritime Shipping and Port Industries, in Integrating Seaports and Trade Corridors, a cura di P.V. Hall, B. McCalla, C. Comtois e B. Slack, Farnham, Ashgate, 2010.
Unstructured Citation
Notteboom, T. e Rodrigue, J-P., The Ramifications of the Crisis: Revising future Expectations. Terminal Operators Conference - Europe, Valencia, Spain, 8-10 June, 2010.
Unstructured Citation
Notteboom, T. e Winkelmans, W., Structural Changes in Logistics: How Will Port Authorities Face the Challenge, in «Maritime Policy & Management», 28, 2001, 1, pp. 71-89.
Unstructured Citation
Novak S. e Stern S., How does Outsourcing Affect Performance Dynamics? Evidence from the Automobile Industry, in «Management Science», 54, 2008, 12, pp. 1963-1979.
Unstructured Citation
Ohmae, K., Triad Power, New York, Harper Business, 1985.
Unstructured Citation
Olivier D., Parola F., Slack B., e Wang J., The Time Scale of Internationalization: The Case of the Container Port Industry”, in «Maritime Economics & Logistics», 9, 2007, 1, pp.1-34.
Unstructured Citation
Panayides, P.M., Economic Organization of Intermodal Transport, in «Transport Reviews», 22, 2002, 4, pp. 401-414.
Unstructured Citation
Panayides, P.M. e Cullinane, K., Competitive Advantage in Liner Shipping: A Review and Research Agenda”, in «International Journal of Maritime Economics», 4, 2002, 3, pp. 189-209.
Unstructured Citation
Panayides, P.M., Lambertides, N. e Savva, C.S., The Relative Efficiency of Shipping Companies, in «Transportation Research Part E: Logistics and Transportation Review», 47, 2011, 5, pp. 681-694.
Unstructured Citation
Panayides, P.M. e Wiedmer, R., Strategic Alliances in Container Liner Shipping, in «Research in Transportation Economics», 32, 2012, 1, pp. 25-38.
Unstructured Citation
Panayides, P. e Song, D-W., Port integration in global supply chains: measures and implications for maritime logistics, in «International Journal of Logistics: Research and Applications», 12, 2009, 2, pp. 133-145.
Unstructured Citation
Parola F. e Veenstra A., The Spatial Coverage of Shipping Lines and Container Terminal Operators, in «Journal of Transport Geography», 16, 2008, 4, pp. 292-299.
Unstructured Citation
Parola, F., Satta, G., Persico, L. e Di Bella, E., Entry Mode Choices in International Markets: Examining the Antecedents of Service Firms’ Strategies, in «International Journal of Globalisation and Small Business», 5, 2013a, 1-2, pp. 34-57.
Unstructured Citation
Peng, M.W. (2002), Towards an Institution-Based View of Business Strategy”, in «Asia Pacific Journal of Management», 19, 2002, 2/3, pp. 251-267.
Unstructured Citation
Penrose, E., The Theory of the Growth of the Firm, New York, John Wiley & Sons, 1959.
Unstructured Citation
Prahalad, C.K. e Hamel, G., The Core Competence of the Corporation, in «Harvard Business Review», 68, 1990, 3, pp. 79-91.
Unstructured Citation
Qian, G., Khoury T.A., Peng, M.W. e Qian, Z., The Performance Implications of Intraand Inter-Regional Geographic Diversification, in «Strategic Management Journal », 31, 2010, 9, pp. 1018-1030.
Unstructured Citation
Ramanujam, W. e Varadarajan, P., Research on Corporate Diversification: A Synthesis, in «Strategic Management Journal», 10, 1989, 6, pp. 523-551.
Unstructured Citation
Rugman, A.M., Inside the Multinational. The Economics of Internal Markets, New York, Columbia University Press, 1981.
Unstructured Citation
Rugman, A.M. e Oh, C.H., Does the Regional Nature of Multinationals Affect the Multinationality and Performance Relationship?, in «International Business Review», 19, 2010, 5, pp. 479-488.
Unstructured Citation
Rumelt, R.P., Diversification Strategy and Profitability, in «Strategic Management Journal», 3, 1982, 4, pp. 359-369.
Unstructured Citation
Rumelt, R.P., How Much Does Industry Matter?, in «Strategic Management Journal», 12, 1991, 3, pp. 167-185.
Unstructured Citation
Selviaridis, K. e Spring, M., Third-Party Logistics: A Literature Review and Research Agenda, in «International Journal of Logistics Management», 18, 2007, 1, pp. 125-150.
Unstructured Citation
Slack, B., Comtois, C. e McCalla, R., Strategic Alliances in the Container Shipping Industry: a Global Perspective, in «Maritime Policy & Management», 29, 2002, 1, pp. 65-76.
Unstructured Citation
Slater, S.F., A Comment: an Examination of the Relative Impact of Growth Strategies on Profit Performance, in «European Journal of Marketing», 23, 1989, 6, pp. 34-37.
Unstructured Citation
Song, D.W. e Panayides, P., Maritime Logistics: A Complete Guide to Effective Shipping and Port Management, London, Kogan Page, 2012.
Unstructured Citation
Soppé, M., Parola, F. e Frumont, A., Emerging Inter-Industry Partnerships between Shipping Lines and Stevedores: from Rivalry to Cooperation?, in «Journal of Transport Geography», 17, 2009, 11, pp. 10-20.
Unstructured Citation
Stopford, M., Maritime Economics, London, Routledge, 2009.
https://doi.org/10.4324/9780203891742
Unstructured Citation
Stuckey, J. e White, D., When and When not to Vertically Integrate, in «Sloan Management Review», 34, 1993, 3, pp. 71-83.
Unstructured Citation
Syriopoulos, T., Financing Greek Shipping: Modern Instruments, Methods and Markets, in Maritime Transport: The Greek Paradigm, Research in Transportation Economics Series, a cura di A. Pallis, London, Elsevier Publisher, 2008.
Unstructured Citation
Tallman, S. e Li, J., The Effects of International Diversity and Product Diversity on the Performance of Multinational Firms, in «Academy of Management Journal», 39, 1996, 1, pp. 179-196.
Unstructured Citation
Teece, D., The Competitive Challenge, Boston, Bollinger, 1987.
Unstructured Citation
Tomczyk, D., Lee, J. e Winslow, E., Entrepreneurs’ Personal Values, Compensation, and High Growth Firm Performance, in «Journal of Small Business Management», 51, 2013, 1, pp. 66-82.
Unstructured Citation
Vachani, S. Distinguishing between Related and Unrelated International Geographic Diversification: A Comprehensive Measure of Global Diversification, in «Journal of International Business Studies», 22, 1991, 2, pp. 307-322.
Unstructured Citation
Very, P., Success in Diversification: Building on Core Competences, in «Long Range Planning», 26, 1993, 5, pp. 80-92.
Unstructured Citation
Wiersema, M.F., e Bowen, H.P., The Relationship between International Diversification and Firm Performance: Why It Remains a Puzzle, in «Global Strategy Journal », 1, 2011, 1/2, pp. 152-170.
Unstructured Citation
Williamson, O.E., Markets and Hierarchies: Analysis and Antitrust Implications, New York, Free Press, 1975.
Unstructured Citation
Zook, C. e Allen, J., Profit From the Core. Growth Strategy in an Era of Turbulence, Boston, MA, Harvard Business Press, 2001.
Unstructured Citation
Zook, C., Beyond the Core: Expand Your Market without Abandoning your Roots, Boston, Bain & Company Inc., 2004.