Determinants of cargo and eco-efficiencies of global container shipping companies

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dc.contributor.authorKuo, Kuo-Cheng
dc.contributor.authorLu, Wen-Min
dc.contributor.authorKweh, Qian Long
dc.contributor.authorLe, Minh-Hieu
dc.date.accessioned2020-09-01T15:43:22Z
dc.date.available2020-09-01T15:43:22Z
dc.date.copyright© 2020
dc.date.issued2020
dc.descriptionThis article is not available at CUD collection. The version of scholarly record of this article paper is published in International Journal of Logistics Management (2020), available online at: https://doi.org/10.1108/IJLM-01-2020-0016en_US
dc.description.abstractPurpose: This study aims to evaluate cargo and eco-efficiency of global container shipping companies (CSCs) and explore the determinants of the CSCs' efficiencies. While the former is derived from the CSCs' operational perspective, the latter highlights environmental issue related to carbon emission reduction. Design/methodology/approach: In the first stage, a two-stage double bootstrap approach of data envelopment analysis (DEA) is applied to derive bias-corrected cargo and eco-efficiency of the top ten global CSCs under the variable returns to scale assumption. In the second stage, ordinary least squares and truncated regression are applied to examine determinants of the CSCs' efficiencies. Findings: The DEA results reveal that the cargo efficiency of the CSCs is higher than their eco-efficiency by about 2.6% under variable returns to scale in DEA. However, the bias-corrected results show that the difference is 2.9%. The overall average efficiencies suggest that the CSCs can improve their cargo (eco) efficiency by 6.9% (10.8%). In the second stage, the regression results show that the numbers of ship, return on assets and asset turnover ratio are significantly related to both cargo and eco-efficiencies, whereas the total fleet capacity positively affects cargo efficiency. Research limitations/implications: The results of this study can help the inefficient CSCs make strategic decisions to improve their performance. For example, their business experience and capacity may be contributing to their efficiencies. However, this study only focuses on the container market among the three main markets, namely, dry bulk, wet bulk and container. Originality/value: This study highlights an environmental issue in the shipping industry. While CSCs are operating their cargo efficiently in general, they should also put green initiatives into their business operations for the long-term sustainability. © 2020, Emerald Publishing Limited.en_US
dc.identifier.citationKuo, K.-C., Lu, W.-M., Kweh, Q.L. & Le, M.-H. (2020). Determinants of cargo and eco-efficiencies of global container shipping companies. The International Journal of Logistics Management. https://doi.org/10.1108/IJLM-01-2020-0016en_US
dc.identifier.issn09574093
dc.identifier.urihttps://doi.org/10.1108/IJLM-01-2020-0016
dc.identifier.urihttp://hdl.handle.net/20.500.12519/233
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltd.en_US
dc.relationAuthors Affiliations : Kuo, K.-C., Program of Global Business, Chinese Culture University, Taipei, Taiwan; Lu, W.-M., Department of International Business Administration, Chinese Culture University, Taipei, Taiwan; Kweh, Q.L., Faculty of Management, Canadian University of Dubai, Dubai, United Arab Emirates; Le, M.-H., Department of International Business Administration, Chinese Culture University, Taipei, Taiwan
dc.relation.ispartofseriesInternational Journal of Logistics Management;
dc.rightsPermission to reuse abstract has been secured from Emerald Publishing Limited.
dc.rights.holderCopyright : © 2020, Emerald Publishing Limited. This article is © Emerald Publishing Limited and permission has been granted for this version to appear here (https://repository.cud.ac.ae). Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Publishing Limited.
dc.subjectDecision Making Unitsen_US
dc.subjectData Envelopment Analysisen_US
dc.subjectDEA Modelen_US
dc.subjectCargo efficiencyen_US
dc.subjectData envelopment analysisen_US
dc.subjectDouble bootstrapen_US
dc.subjectEco-efficiencyen_US
dc.subjectEnvironmental issueen_US
dc.subjectShipping industryen_US
dc.titleDeterminants of cargo and eco-efficiencies of global container shipping companiesen_US
dc.typeArticleen_US

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