Cross Industry Comparisons of the Behaviour of Stock Returns

Shipping Economics, Research in Transportation Economics, Vol 12, Chapter 4, 107-142, Elsevier Ltd, 2005

Posted: 8 Feb 2014

See all articles by Manolis G. Kavussanos

Manolis G. Kavussanos

Athens University of Economics and Business - Department of Accounting and Finance

Stelios Markoulis

University of Cyprus - Department of Public and Business Administration; Frederick University; Cyprus International Institute of Management (CIIM)

Date Written: 2005

Abstract

The focus of this paper is the review the empirical work in the area of shipping finance, which deals with the companies in the shipping sector that have made the decision to resort to the capital markets in order to finance their activities. The paper is concerned with the performance of listed companies in stock exchanges around the world. The pricing of stocks in the financial markets is the result of the collective action of investors of investors analyzing the stocks and taking action while pursuing profit making opportunities. If markets work effectively, the characteristics of stock as determined in these markets should reflect past, present, and future prospects of the stocks and their sector, and must be the best indicator upon which to base decisions.

Suggested Citation

Kavussanos, Manolis G. and Markoulis, Stelios, Cross Industry Comparisons of the Behaviour of Stock Returns (2005). Shipping Economics, Research in Transportation Economics, Vol 12, Chapter 4, 107-142, Elsevier Ltd, 2005. Available at SSRN: https://ssrn.com/abstract=2391729

Manolis G. Kavussanos (Contact Author)

Athens University of Economics and Business - Department of Accounting and Finance ( email )

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Stelios Markoulis

University of Cyprus - Department of Public and Business Administration ( email )

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P.O. Box 20537
Nicosia CY-1678
CYPRUS

Frederick University ( email )

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Nicosia, 1036
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Cyprus International Institute of Management (CIIM) ( email )

P.O Box 20378
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Nicosia, CY-2151
Cyprus

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