Title :
Notice of Retraction
Firm growth and capacity evolution in the container market
Author :
Fan, Lixian ; Luo, Meifeng ; Wilson, Wesley W.
Author_Institution :
Department of Logistics and Maritime Studies, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Gibrat´s law holds that firm growth is independent of firm size. In this paper, we examine the applicability of Gibrat´s law to the container liner market. We test Gibrat´s law using a panel of data for each shipowner from 1999–2008. It finds that although shipowners´ capacity is increasing, their growth rate decrease with firm size. The negative relationship between firm growth rate and firm size, to some extent, could help to mitigate the rapid growth in market concentration in the container market.
Keywords :
Biological system modeling; Containers; Economics; Industries; Marine vehicles; Mathematical model; Organizations; Gibrat´s law; container; firm size; firmr growth;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5882144
