Shipping Transportation Finance and Investment: A Critical Survey of the Empirical Evidence Setting the Future Research Agenda

Posted: 8 Dec 2017

See all articles by George Alexandridis

George Alexandridis

ICMA Centre, Henley Business School

Manolis G. Kavussanos

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

Chi Yeol Kim

ICMA Centre, Henley Business School

Dimitris A. Tsouknidis

Cyprus University of Technology

Ilias Visvikis

Department of Finance, School of Business Administration, American University of Sharjah

Date Written: October 30, 2017

Abstract

Financing shipping related investment projects has always been a focal area of debate and research within the international maritime industry since access to funding can determine the competitiveness of a capital-intensive business as well as its success or failure under adverse market conditions. This paper provides, for the first time, a comprehensive and structured survey of all published research in the area of shipping finance and investment. The review spans approximately four decades (1979-2017) of empirical evidence, including 136 studies published in 43 scholarly journals, complemented with select books and book chapters. The study provides a comprehensive synthesis of existing research offering an invaluable source of information for both the academic community and business practice and shapes the future research agenda in shipping finance and investment.

Keywords: Survey Analysis, Shipping Finance and Investment, Transportation Finance, Company Valuation, Corporate Governance

JEL Classification: G10, G20, G30

Suggested Citation

Alexandridis, George and Kavussanos, Manolis G. and Kim, Chi Yeol and Tsouknidis, Dimitris A. and Visvikis, Ilias, Shipping Transportation Finance and Investment: A Critical Survey of the Empirical Evidence Setting the Future Research Agenda (October 30, 2017). Available at SSRN: https://ssrn.com/abstract=3084044

George Alexandridis (Contact Author)

ICMA Centre, Henley Business School ( email )

Whiteknights Campus
P.O. Box 242
Reading, RG6 6BA
United Kingdom
+44 (0) 118 378 4387 (Phone)

Manolis G. Kavussanos

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

76 Patission St
TK 104 34 Athens
Greece
0030 210 8203167 (Phone)
0030 210 8228816 (Fax)

Chi Yeol Kim

ICMA Centre, Henley Business School ( email )

Whiteknights Park
P.O. Box 242
Reading RG6 6BA
United Kingdom

Dimitris A. Tsouknidis

Cyprus University of Technology ( email )

Limassol, 3603
Cyprus

HOME PAGE: http://https://sites.google.com/site/dtsouknidis/

Ilias Visvikis

Department of Finance, School of Business Administration, American University of Sharjah ( email )

P.O. Box 26666
Sharjah
United Arab Emirates
+97165154717 (Phone)

HOME PAGE: http://https://www.aus.edu/faculty/dr-ilias-visvikis

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