Title
The impact of multiple-site acquisitions on corporate growth patterns of international terminal operators The impact of multiple-site acquisitions on corporate growth patterns of international terminal operators
Author
Faculty/Department
Institute for Transport en Maritime Management (ITMMA)
Publication type
article
Publication
Subject
Economics
Source (journal)
International journal of shipping and transport logistics
Volume/pages
7(2015) :5 , p. 621-648
ISSN
1756-6517
ISI
000366050400006
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
This paper deals with multiple-site acquisitions by international terminal operators (ITOs). A multiple-site acquisition is an external growth strategy focusing on the simultaneous take-over of an entire terminal portfolio as part of a unique transaction. The paper presents a theoretical framework about how spatial and temporal dimensions of foreign expansion are influenced by these multiple-site acquisitions. It also analyses the impact of multiple acquisitions on the sustainable growth of firms by focusing on the transaction package problem, the locational diversity problem and the irregular growth path problem. The proposed theoretical arguments are illustrated and supported by an analysis of a comprehensive global terminal-specific dataset related to the 1997-2010 period, and case studies on strategic market entry behaviour of two major ITOs.
Full text (open access)
https://repository.uantwerpen.be/docman/irua/7d4589/128621_2016_05_01.pdf
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