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A Study on the Moderated Effect of the stabilization Factor and Cargo-Rate Approval in Busan Port Container Terminal Cargo Market  

Jun, Seh-pyo (동명대학교)
Ahn, Ki-myung (한국해양대학교 해운경영학부)
Yoon, Jung-hee (한국해양대학교 대학원 해운경영학과)
Publication Information
Journal of Korea Port Economic Association / v.32, no.4, 2016 , pp. 89-107 More about this Journal
Abstract
It is a critical problem of the Busan container cargo market that serious competition between the north port terminal and the new port terminal is weakening port of Busan's competitiveness. To avoid this serious competition, Busan Port Authority(BPA) has executed a cargo-rate approval system from last year. However if Busan's container terminal operators do not accept this system, the execution performance will be insufficient. Therefore, the purpose of this study is to test the effect of cargo-rate approval in the Busan container cargo market. To attain this research purpose, the current situation was analyzed and the existing papers were investigated. Therefore, cargo-stabilizing factors were extracted and the moderated effect between these factors and cargo-rate approval was tested. The results are as follows. First, three cargo stabilizing factors-(market structure, market behavior, and BPA)-appear to have a strong positive impact on the stabilizing effect; however, the factors that are handled by the operators can not influence the stabilizing effect. In particular, market behavior factors, such as cargo-rate dumping restriction, contributed to stabilizing cargo market. Second, The results appear to have a strong positive impact on the moderated effect as well as the cargo-rate approval. These research results show that the execution of cargo-rate approval is important in stabilizing the cargo market. Therefore, stabilizing the cargo market will contrubute to improving the image and bargaining power of the Port of Busan.
Keywords
Busan container terminal; Cargo market stabilization factors; Market structure; Market behavior; Cargo-rate approval system; Moderated multiple regression;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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