Factors affecting the survival of maritime goods transport firms in Spain

Abstract

This paper aims to examine some challenges related to economic aspects of Spanish maritime goods transport firms. Concretely, it is focused on assessing the factors that determine Spanish shipping firms' survival. Non-parametric and semi-parametric techniques are the basis of the empirical analysis conducted. The obtained results allow us to establish business profiles with higher survival. This paper finds that better survival prospects are presented for firms whose main type of transport is the liquid bulk, roll-on/roll-off good and container segments. Second, the legal requirements for their constitution confer greater advantages to public limited companies in comparison with other corporate forms. Finally, we find that financial strength and negotiation power with their suppliers have significant influences in this regard.