1. Ktisis Cyprus University of Technology
  2. Cyprus University of Technology (Research Output)
  3. Άρθρα/Articles
Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/14624
DC FieldValueLanguage
dc.contributor.authorAlizadeh, Amir H.-
dc.contributor.authorKappou, Konstantina-
dc.contributor.authorTsouknidis, Dimitris-
dc.contributor.authorVisvikis, Ilias D.-
dc.date.accessioned2019-07-16T12:34:33Z-
dc.date.available2019-07-16T12:34:33Z-
dc.date.issued2015-04-
dc.identifier.citationTransportation Research Part E: Logistics and Transportation Review, 2015, vol. 76, pp. 58-75.en_US
dc.identifier.issn13665545-
dc.identifier.urihttps://hdl.handle.net/20.500.14279/14624-
dc.description.abstract. The study examines the impact of liquidity risk on freight derivatives returns. The Amihud liquidity ratio and bid-ask spreads are utilized to assess the existence of liquidity risk in the freight derivatives market. Other macroeconomic variables are used to control for market risk. Results indicate that liquidity risk is priced and both liquidity measures have a significant role in determining freight derivatives returns. Consistent with expectations, both liquidity measures are found to have positive and significant effects on the returns of freight derivatives. The results have important implications for modeling freight derivatives, and consequently, for trading and risk management purposes.en_US
dc.formatPDFen_US
dc.language.isoenen_US
dc.relation.ispartofTransportation Research Part E: Logistics and Transportation Reviewen_US
dc.rights© Elsevieren_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectBid-ask spreadsen_US
dc.subjectForward freight agreementsen_US
dc.subjectLiquidity risken_US
dc.subjectPanel dataen_US
dc.subjectShippingen_US
dc.titleLiquidity effects and FFA returns in the international shipping derivatives marketen_US
dc.typeArticleen_US
dc.collaborationCity University Londonen_US
dc.collaborationUniversity of Readingen_US
dc.collaborationUniversity of Bradforden_US
dc.collaborationWorld Maritime Universityen_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsOpen Accessen_US
dc.countryUnited Statesen_US
dc.countrySwedenen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1016/j.tre.2015.02.001en_US
dc.identifier.scopus2-s2.0-84923927914-
dc.identifier.urlhttps://api.elsevier.com/content/abstract/scopus_id/84923927914-
dc.relation.volume76en_US
cut.common.academicyear2014-2015en_US
dc.identifier.spage58en_US
dc.identifier.epage75en_US
item.fulltextNo Fulltext-
item.cerifentitytypePublications-
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.openairetypearticle-
item.languageiso639-1en-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.facultyFaculty of Management and Economics-
crisitem.author.orcid0000-0003-1866-2590-
crisitem.author.parentorgFaculty of Management and Economics-
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