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http://dx.doi.org/10.13106/jafeb.2020.vol7.no1.217

The Effect of Selection Factors of Marine Transportation Service on Transaction Continuity  

KIM, Beom-Soo (Seoul Business School, aSSIST)
KIM, Bo-Young (Seoul Business School, aSSIST)
Publication Information
The Journal of Asian Finance, Economics and Business / v.7, no.1, 2020 , pp. 217-228 More about this Journal
Abstract
The selection factors of service companies have changed in accordance with intensifying competition in the marine transportation service market and environment changes of transportation services. To explore the important factors of customer choice to marine transportation service, this study empirically examines the influence of these selection factors; service provision area, price competitiveness, corporate image, service expertise, and sales support, on transaction continuity through customers' perceived service value and satisfaction. Based on an online survey with those in the Korean marine transportation industry, this study conducted statistical analyses using structural equation modeling. Based on relevant previous studies, the current study constructed a total of 55 survey questions. Finally, 213 questionnaires were collected. Among the five selection factors, corporate image did not affect perceived service value, and price competitiveness was still the most important factor. However, service expertise and sales support were found to be more important factors than regional factors. In order to maintain transaction continuity, shipping companies should also strive to improve their service quality to their customers. In particular, service quality strategies focused on time and regional factors should develop to strategies with the key factors for the changed business environment.
Keywords
Marine Transportation; Service Provision; Price Competitiveness; Service Value; Customer Satisfaction;
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