Στρατηγική προσαρμογή στην ρύθμιση : κατανόηση των επιπτώσεων της απορρύθμισης των συστημάτων μεταφορών με βάση εμπειρικά στοιχεία
Regulatory strategic adaptation : understanding the effects of deregulation in transportation systems based on empirical evidence
KeywordsΜεταφορές ; Μεταφορικές εταιρείες ; Λήψη αποφάσεων ; Στατιστική ανάλυση ; Πολιτική μεταφορών ; Απορρύθμιση ; Ευρώπη ; Στρατηγική
This thesis analyzes the impact of deregulation on the European transport companies and more broadly on the European transport industry. More specifically, the analysis addresses the impact of deregulation, both intra-sectoral and inter-sectoral, on the managerial efficiency of a panel of deregulated transport companies. Additionally, the thesis addresses the cross modal impact of deregulation by analyzing the effects of entry barriers’ reduction and regulation intensity on transport systems. Furthermore, this thesis introduces a strategic tool to be used as a guideline for C-level decision making, not only in post-privatization industries but also after the introduction of a significant regulatory shock. It also suggests key policy making initiatives with respect to deregulation in the European transport industry. The empirical results of a vigorous transport industry-wide analysis confirm the expectation that in the short run, privatized companies will attempt to optimize their operational efficiency and profitability. However in the longer term, these companies appear to be risk averse and do not increase their capital expenditure; in other words, they don’t invest more. Similarly, the empirical analysis on the transport output, post-deregulation, indicates that deregulatory initiatives may increase the total output of the transport sector, however in terms of cross modal effects, modes with stronger modal-share capture capability, increase their output to the detriment of other modes, as the relationship between the road transport deregulation and the short sea shipping output indicates. Based on empirical evidence, this study contributes to the Transport Systems Management literature by developing a strategic adaptation decision matrix, by assessing the impact of deregulation at the system of systems’ level and by specifying policy recommendations that address the shortcomings of the deregulatory initiatives.