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Article
INSTITUTIONAL EFFICIENCY FACTORS OF ADRIATIC SEAPORTS
Ranka Krivokapic
ABSTRACT. The subject of the paper is to investigate the hypothetical perceptions of the impact of the selected institutional factors on the efficiency of the selected Adriatic Sea ports. The aim of the paper is to show that Adriatic Sea ports must accept and implement much faster and bigger institutional changes, which can be the basis for their efficiency increase, expansion, and development. Therefore, this paper starts with the basic hypothesis that there is a direct and proportionate dependence between the efficiency of the Adriatic Sea ports of Koper, Rijeka and Bar, and the level of their institutional strength. To research the perception of the institutional impact factors, the multiple linear regression method is used. It is concluded that the level of the selected institutional factors differs not only in the selected ports individually but also between them. The research results have verified the initial hypothesis .
KEYWORDS: institutional factors, port efficiency, Adriatic Sea ports, Bar, Rijeka, Koper.
JEL classification: L92.