Economic Assessment of Brazilian Public Ports: Value-Based Management

Ports are among the main links of the international logistic chain and, consequently, an important element of economic development. Thus, this study aims to investigate the economic and financial results of Brazilian public ports by evaluating their ability to generate economic value. Therefore, we...

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Published in:BBR Brazilian business review (Portuguese ed.) 2020-07, Vol.17 (4), p.439-457
Main Authors: de Sousa, Erivelto Fioresi, Neto, Francisco Jose Kliemann, Andriotti, Rafael Fontoura, Campagnolo, Rodrigo Rech
Format: Article
Language:eng ; por
Subjects:
Costs
Economic development
Economic value added
Employee incentives
eva
Federal government
Financial management
Financial performance
Infrastructure
Investments
MANAGEMENT
Market positioning
port management
port performance
port rentability
Ports
Public companies
Public sector
Studies
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container_issue 4
container_start_page 439
container_title BBR Brazilian business review (Portuguese ed.)
container_volume 17
creator de Sousa, Erivelto Fioresi
Neto, Francisco Jose Kliemann
Andriotti, Rafael Fontoura
Campagnolo, Rodrigo Rech
description Ports are among the main links of the international logistic chain and, consequently, an important element of economic development. Thus, this study aims to investigate the economic and financial results of Brazilian public ports by evaluating their ability to generate economic value. Therefore, we assessed the port authorities with traditional financial indicators as well as with Economic Value Added (EVA) indicators, aiming to assess companies' ability to create wealth for ports' capital investors. Findings indicate that, despite the satisfactory financial situation, such results are not due to the businesses' operation, but most likely due to governmental subsidies. Port authorities also showed inefficiency to remunerate the capital invested. The study contributes to the literature by shedding light on the discussion about the economic and financial management of public ports and the use of public resources in the port sector.
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subjects Costs
Economic development
Economic value added
Employee incentives
eva
Federal government
Financial management
Financial performance
Infrastructure
Investments
MANAGEMENT
Market positioning
port management
port performance
port rentability
Ports
Public companies
Public sector
Studies
title Economic Assessment of Brazilian Public Ports: Value-Based Management
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