The impacts of sustainable inter-firm collaboration on business performance of shipping companies
The International Journal of Logistics Management
ISSN: 0957-4093
Article publication date: 7 May 2021
Issue publication date: 22 July 2021
Abstract
Purpose
To gain competitive advantage, shipping companies need the abilities to manage environmental requirements, which this study refers to as sustainable shipping capabilities, including internal resources and external factors such as inter-firm collaboration. However, previous studies mainly focused on the effectiveness of internal resources, leading decision-makers in shipping companies to undervalue the significance of external relationships in managing sustainability issues and their impact on performance. Therefore, this paper aims to identify and examine the impacts of sustainable inter-firm collaboration on shipping companies' business performance (i.e. shippers' loyalty and financial performance).
Design/methodology/approach
A proposed model that explains the relationships between relation bonding strategies, sustainable inter-firm collaboration and business performance was developed. Accordingly, a survey questionnaire was constructed and sent to 294 shipping companies in Vietnam. Structural equation modeling was deployed to examine the validity of the measurement items and investigate relationships among the latent constructs.
Findings
The findings show that financial bonding strategies have the most significant impact on sustainable inter-firm collaboration, followed by social bonding strategies and structural bonding strategies. Furthermore, sustainable inter-firm collaboration has direct and indirect (via perceived shippers' loyalty) effects on business performance.
Research limitations/implications
Relational bonding strategies provide a unique perspective to sustainable inter-firm collaboration. This study also contributes to allocate external resources and capabilities to improve inter-firm collaboration, thereby maximizing financial performance.
Originality/value
This paper contributes to the literature by applying relational bonding strategies that determine the key factors enabling sustainable inter-firm collaboration.
Keywords
Acknowledgements
This paper is part of the first author's PhD thesis with Chung-Ang University. The authors are grateful to the editors and the two anonymous reviewers for their valuable feedback and insightful comments. This research was supported by the 4th Educational Training Program for the Shipping, Port and Logistics from the Ministry of Oceans and Fisheries of Republic of Korea.
Citation
Tran, T.M.T., Woo, S.-H. and Yuen, K.F. (2021), "The impacts of sustainable inter-firm collaboration on business performance of shipping companies", The International Journal of Logistics Management, Vol. 32 No. 3, pp. 766-789. https://doi.org/10.1108/IJLM-11-2020-0453
Publisher
:Emerald Publishing Limited
Copyright © 2021, Emerald Publishing Limited