Preliminary communication

AGENCY THEORY AND A CONCESSION RELATION IN PORTS OPEN TO PUBLIC TRAFFIC IN THE FUNCTION OF EMPOWERMENT OF ENTREPRENEURIAL INITIATIVES

Borna Debelić ; Faculty of Maritime Studies Rijeka

Abstract

This paper presents the analysis of possibilities and contributions of the implementation of agency theory into the area of a concession relation in a port zone of ports open to public traffic in the function of entrepreneurial initiatives empowerment. After the elaboration of theoretical assumptions and empirical repercussions of agency theory and then conducted analysis of functional specificities of a concession relation of port authorities and concessionaires - entrepreneurs in a port zone, the analysis of implementation possibilities for agency theory assumptions into a concession relation in a port zone and the elaboration of an appropriate model of an agency relationship were conducted. On the basis of the model, the possibilities of improving a concession relation in a port zone were detected and elaborated, taking into account the applicability of a behaviour-oriented contract as opposed to an outcome-oriented contract, and all for the purpose of entrepreneurial initiatives empowerment for the implementation of entrepreneurial ideas and projects in a port zone – a maritime public domain.

Keywords

Entrepreneurship; Maritime Public Domain; Concession; Agency Theory; Principal-Agent Problem; Ports; Port Zone

Hrčak ID:

104201

URI

https://hrcak.srce.hr/104201

Publication date:

17.6.2013.

Article data in other languages: croatian

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