Chapter 15: Ownership Equity and Efficiency: The Case of Australian Bulk Ports
Sophia Everett and Rae Weston 1 Introduction Considerable research has been undertaken in recent times investigating the impacts of an increasingly deregulated port environment. Recent publications have suggested that results have been diverse both within countries and without. Brooks and Cullinane (2007) covered some 14 countries, each suggesting some considerable diversity in research findings. The research indicated that ‘while governments have clearly had the best of intentions in seeking to place their nation’s port operations on a more commercial footing, the outcomes of such policies and/or the way they have been implemented have proved inconsistent in delivering the full benefits that were sought’ (p. 384). Much of the work undertaken presented case studies on the world’s container ports and was analysed in terms of the matching framework model which measured port performance as a function of the match among the characteristics of the organizations’ external operating environment, strategies and structures. It was argued that ‘the greater the fit, the better the expected performance would be’ (ibid., p. 384). This chapter moves focus away from container to dry bulk ports in Australia, with a particular focus on the efficiency of coal and iron ore exporting facilities. It also moves away from the relatively static matching framework model, considering this somewhat too broad for this study. Instead, it adopts the integrated chain model developed by researchers including Cox et al. (2002) and Robinson (2007a). Further, it will indicate that performance of the integrated chain may, to a large extent, be determined by...
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