碩士 / 國立臺灣海洋大學 / 航運管理學系 / 100 / The sharp fluctuation in bulk shipping markets and freight rates highlights the difficulty in operating bulk shipping corporations. In the highly competitive global environment, the relatively small-scale of bulk shipping market in Taiwan makes the business operations much more difficult than other bulk shipping markets. Therefore, how to enhance shipping competitiveness by improving the operational performance is an important issue for bulk shipping corporations. However, seldom researches focused on this issue in the past. The evaluation of operational performance on shipping industry mostly focused on the container shipping corporations only, or put both bulk shipping and container shipping corporations together. Besides, the evaluation of shipping industry mainly used the DEA approach with one stage analysis, which failed to explore the real efficiency of different stages. Lastly, past researches used cross-sectional analysis, and less explortion of the changes of vertical-sectional efficiencies. Therefore, this research evaluates the operational performance of eight listed bulk-shipping corporations in Taiwan over the period of 2005-2010 by using the DEA approach with two-stage production process, to analyze the advantages and disadvantages of bulk shipping corporations in different stages and periods.
As a result, for bulk shipping corporations, diversification strategies may have a positive impact on operational performance, especially when facing the market’s downturn of shipping industry. When it comes to the market efficiency of shipping companies, some were found to exhibit market efficiency, which represented that the company's stock price has been fully reflected on the market. The others were market inefficient, which represented that the revenues have not been reflected on the company's stock price. In order to improve market efficiency, shipping companies should promote the stability of revenues to reduce the uncertainty in bulk shipping market. This research also used Malmquist production index to analyze the operating performance in different periods. It shows that the growth of bulk shipping companies have been slowed down after the financial tsunami in the third quarter of 2008. Therefore, operational efficiency and market efficiency still have some room for improvement. The results may provide a good reference on operational decision making for bulk shipping corporations.
| Identifer | oai:union.ndltd.org:TW/100NTOU5301017 |
| Date | January 2012 |
| Creators | 高偉倫 |
| Contributors | Lee, Hsuan-Shih, Cheng-Chi Chung, 李選士, 鍾政棋 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 98 |
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