7. Conclusion and implications
This study evaluates the relationships between risk management culture, agility, integration, SC (re-)engineering, risk management performance, and the firm performance of liner shipping firms in Taiwan and provides several contributions to the relevant literature and SCR practice. First, it examines different types of SCR and their interrelationships with firm performance. Second, it reveals the impacts of different types of SCR on firm performance from the RBV perspective. Finally, it provides several guidelines for management personnel to understand how to commit effort and resources in response to different types of SCR. These guidelines also provide a detailed illustration of how to manage different measures of SCR in order to increase firm performance. The efforts devoted to this study are a great addition to the existing literature. In the past, there have been relatively few empirical studies on the different types of SCR and their effect of firm performance based on a single model. Prior studies have also devoted little attention to the mediating effects among different types of SCR and firm performance. Thus, this study supplements previous research by linking risk management culture, agility, integration, and SC (re-)engineering to risk management performance and firm performance. The analysis shows the perfect mediating effects in the relationships among the different types of SCR and performance and thus provides a greater level of richness to the SCR-performance model. Specifically, this study identifies four types of SCR and finds that a risk management culture directly influences the other factors. In fact, a risk management culture is the major driver of firm performance. Most importantly, this study contributes to SCR implementation by helping liner shipping managers understand how to direct their efforts to achieve superior performance.
