Corporatisation and performance : a literature review and an analysis of the performance effects of the corporasation of Port of Rotterdam authority

Article

Langen, de, P.W. & Heij, C. (2014). Corporatisation and performance : a literature review and an analysis of the performance effects of the corporasation of Port of Rotterdam authority. Transport Reviews, 34(3), 396-414. In Scopus Cited 14 times.

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Abstract

 

The ongoing process of port reform has led to an increasing number of publicly owned

but corporatised port authorities (PAs). The performance effects of corporatisation have been analysed, for example, for the airports industry, often showing positive effects. This paper reviews the literature on port reform and the relationship between port governance structures and performance.

It also presents a first case study on the effects of corporatisation of PAs, namely for the Port of Rotterdam Authority, a publicly owned but corporatised port development company. In 2004, this

organisation was transformed from a municipal department to an independently operating

company. The performance indicators to evaluate the effect of this corporatisation include market

share, turnover, operating costs, profits, and investments. These indicators are evaluated for two

periods, one prior to the corporatisation (1997–2003) and the other afterwards (2005–11). The comparison of these two periods shows that corporatisation has led to significant improvements of all performance indicators. The findings derived from this case study are relevant for the ongoing

discussion on port governance models.