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https://hdl.handle.net/20.500.14279/29597| Title: | The relationship between technical innovation and financial performance in shipping firms | Authors: | Kouspos, Andreas Panayides, Omiros Tsouknidis, Dimitris |
Major Field of Science: | Social Sciences | Field Category: | Economics and Business | Keywords: | Eco-type ships;Financial performance;Listed shipping frms;Technical innovation;Ice class ships | Issue Date: | 1-Jan-2022 | Source: | Maritime Economics and Logistics, 2022 | Journal: | Maritime Economics and Logistics | Abstract: | This study investigates the relationship between financial performance and technical innovation of 21 listed shipping firms employing a panel data methodology. Using vessel-level and firm-level data over the period 2013 to 2019, we show that vessels’ technical innovation exhibits a positive relationship with firms’ financial performance. We identify three types of technical innovation for listed shipping firms, namely ice-class, eco, and propulsion types, and show that shipping firms operating eco-type ships exhibit higher financial performance on average during the sample period examined. This result has important implications not least on the decision-making of shipping firms to invest in technically innovative ships. | URI: | https://hdl.handle.net/20.500.14279/29597 | ISSN: | 14792931 | DOI: | 10.1057/s41278-022-00251-9 | Rights: | © Palgrave is part of Springer Nature | Type: | Article | Affiliation : | Athens University of Economics and Business Cyprus University of Technology |
Publication Type: | Peer Reviewed |
| Appears in Collections: | Άρθρα/Articles |
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