Internationalisation and Foreign Direct Investment in Shipping: A Study of Norwegian Firms

Trond Randøy
Additional contact information
Trond Randøy: [1] Agder University College, Norway [2] Centre for International Economics and Shipping, Agder Research Foundation, Norway

Maritime Economics & Logistics, 2001, vol. 3, issue 3, 298-317

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.International Journal of Maritime Economics (2001) 3, 298–317. doi: 10.1057/palgrave.ijme.9100015

Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.palgrave-journals.com/mel/journal/v3/n3/pdf/9100015a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/mel/journal/v3/n3/full/9100015a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:marecl:v:3:y:2001:i:3:p:298-317

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41278/PS2

Access Statistics for this article

Maritime Economics & Logistics is currently edited by Hercules E. Haralambides

More articles in Maritime Economics & Logistics from Palgrave Macmillan, International Association of Maritime Economists (IAME) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().