The Applicability of Performance Benchmarking in the Maritime Transportation Industry
(2012) BUSN89 20121Department of Business Administration
- Abstract
- The primary purpose of this study is to determine the applicability of performance benchmarking of the Nordic companies in the maritime industry. The developments in world seaborne trade mirrored the performance of the wider economy, with the maritime industry as a whole stands and falls with worldwide macroeconomic conditions. We argue that with firm specificity, every firm is exposed to different exposures with different magnitudes. In addition, reliance on the reported accounting data before the 'filtering' process is misleading as it incorporates macroeconomic influences which are beyond the management’s control and thus, does not represent the true performance of the firm. This makes benchmarking on its own less insightful and... (More)
- The primary purpose of this study is to determine the applicability of performance benchmarking of the Nordic companies in the maritime industry. The developments in world seaborne trade mirrored the performance of the wider economy, with the maritime industry as a whole stands and falls with worldwide macroeconomic conditions. We argue that with firm specificity, every firm is exposed to different exposures with different magnitudes. In addition, reliance on the reported accounting data before the 'filtering' process is misleading as it incorporates macroeconomic influences which are beyond the management’s control and thus, does not represent the true performance of the firm. This makes benchmarking on its own less insightful and inapplicable as a basis of peer comparison unless it is used in conjunction with MUST analysis which has the capability of filtering out the macroeconomic disturbances to achieve the underlying true performance of the firm. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/2837269
- author
- Ho Degerman, Angelina LU and Larikova, Jelena LU
- supervisor
- organization
- course
- BUSN89 20121
- year
- 2012
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Maritime, Performance Benchmark, Performance Analysis, Performance Measurement, Macroeconomic Uncertainty, MUST analysis
- language
- English
- id
- 2837269
- date added to LUP
- 2012-06-26 14:41:43
- date last changed
- 2012-06-26 14:41:43
@misc{2837269, abstract = {{The primary purpose of this study is to determine the applicability of performance benchmarking of the Nordic companies in the maritime industry. The developments in world seaborne trade mirrored the performance of the wider economy, with the maritime industry as a whole stands and falls with worldwide macroeconomic conditions. We argue that with firm specificity, every firm is exposed to different exposures with different magnitudes. In addition, reliance on the reported accounting data before the 'filtering' process is misleading as it incorporates macroeconomic influences which are beyond the management’s control and thus, does not represent the true performance of the firm. This makes benchmarking on its own less insightful and inapplicable as a basis of peer comparison unless it is used in conjunction with MUST analysis which has the capability of filtering out the macroeconomic disturbances to achieve the underlying true performance of the firm.}}, author = {{Ho Degerman, Angelina and Larikova, Jelena}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Applicability of Performance Benchmarking in the Maritime Transportation Industry}}, year = {{2012}}, }