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Chinese outward FDI in the terminal concession of the port of Piraeus

Citation

Karlis, T and Polemis, D, Chinese outward FDI in the terminal concession of the port of Piraeus, Case Studies on Transport Policy, 6, (1) pp. 17-24. ISSN 2213-624X (2018) [Refereed Article]

Copyright Statement

2018 World Conference on Transport Research Society. Published by Elsevier Ltd. All rights reserved.

DOI: doi:10.1016/j.cstp.2018.01.002

Abstract

Business literature has broadly identified four main perspectives in motivating and affecting Chinese outward foreign direct investment (OFDI). In particular (a) the latecomer perspective, (b) the Chinese state and government influence perspective, (c) the liability of foreignness and (d) the dynamics of firms and institutions perspective. In this paper, we focus on the concession of the container terminal of Pier II of the port of Piraeus as a case study of Chinese OFDI. Our analysis indicates that in the concession of the port of Piraeus, most of the drivers of Chinese OFDI are present. We support the view that the process was necessitated by the "latecomer" disadvantage of the Chinese shipping companies but was primarily driven by the influence of the Chinese and Greek State. In the case of the concession of the Piraeus container terminal, the governmental influences on the process affected the longevity and application of the contractual arrangement and include political deals alongside the business one.

Item Details

Item Type:Refereed Article
Keywords:Chinese outward FDI, port concession, port policy
Research Division:Commerce, Management, Tourism and Services
Research Group:Transportation and Freight Services
Research Field:Transportation and Freight Services not elsewhere classified
Objective Division:Transport
Objective Group:Water Transport
Objective Field:International Sea Freight Transport (excl. Live Animal Transport)
Author:Karlis, T (Professor Athanasios Karlis)
ID Code:123901
Year Published:2018
Deposited By:NC Maritime Engineering and Hydrodynamics
Deposited On:2018-01-31
Last Modified:2018-11-23
Downloads:0

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