Παρακαλώ χρησιμοποιήστε αυτό το αναγνωριστικό για να παραπέμψετε ή να δημιουργήσετε σύνδεσμο προς αυτό το τεκμήριο: https://hdl.handle.net/20.500.14279/30805
Τίτλος: Commodity Prices and Dry Bulk Shipping Stock Returns
Συγγραφείς: Michail, Nektarios A. 
Melas, Konstantinos D. 
Major Field of Science: Social Sciences
Field Category: Economics and Business
Λέξεις-κλειδιά: Commodities;Dry bulk market;Principal component analysis;Shipping
Ημερομηνία Έκδοσης: 1-Ιαν-2023
Πηγή: The 2022 International Conference of Applied Economics, Madrid, Spain, 7 - 9 July 2022
Conference: Springer Proceedings in Business and Economics 
Περίληψη: We explore the relationship between the returns of 64 dry bulk shipping company stock prices and the main 15 commodities that bulk carriers transport. Using a principal component analysis to reduce the dimensionality of the commodities dataset and a panel methodology, we find that a change in the commodity price principal component would result in a 0.6% change in the returns of the shipping stock prices. Minerals appear to have a stronger impact, as a 1% change in the minerals principal component results in a 1.1% change in the returns. This is mainly due to the fact that minerals account for larger trade volumes in the dry bulk market and they employ mostly bigger vessels, while the price of Brent oil is also an important factor affecting shipping stock prices.
URI: https://hdl.handle.net/20.500.14279/30805
ISBN: 9783031227486
ISSN: 21987246
DOI: 10.1007/978-3-031-22749-3_32
Rights: © The Author(s)
Attribution-NonCommercial-NoDerivatives 4.0 International
Type: Conference Poster
Affiliation: Cyprus University of Technology 
University of Western Macedonia 
Metropolitan College 
Εμφανίζεται στις συλλογές:Δημοσιεύσεις σε συνέδρια /Conference papers or poster or presentation

CORE Recommender
Δείξε την πλήρη περιγραφή του τεκμηρίου

Page view(s) 20

174
Last Week
0
Last month
3
checked on 6 Οκτ 2024

Google ScholarTM

Check

Altmetric


Αυτό το τεκμήριο προστατεύεται από άδεια Άδεια Creative Commons Creative Commons