Comparisons of Market Efficiencies using Stock Price Jump Information

Abstract

This study aims to analyse efficiencies of international main container ports. For the purpose, it selected twenty main ports based on the volume of cargo of ports recorded in Containerisation International Yearbook and conducted BCC(efficiency analysis) on them. The variables which may influence efficiency of ports were selected based on previous studies. Berth, Depth, Crane and Total area were input variables and Total TEU was an output variables. The results are summarized as follows: First, DEA-CCR efficiency of Shenchen Port(China) was 1.0, which was the most efficient poor analysed. Second, DEA-BCC efficiency of Port of Singapore, Shenchen Port(China), Ningbo Port (China), Port of Tanjung Pelepas (Malaysia) was 1.0, which was the most efficient analysed. Third, efficient scale of Shenchen Port(China) has been 1.0 for four subsequent years from 2004 to 2007, which was the most efficient analysed.