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https://hdl.handle.net/20.500.14279/36280| Title: | Chartering contracts and financial performance of U.S. listed shipping firms | Authors: | Kouspos, Andreas Panayides, Photis Tsouknidis, Dimitris |
Major Field of Science: | Social Sciences | Field Category: | Economics and Business | Keywords: | panel data;listed shipping firms;Chartering contracts;firm performance;;U.S. | Issue Date: | 1-Jan-2025 | Source: | Maritime Policy and Management, 2025, vol. 52, iss. 1, pp. 144-158 | Volume: | 52 | Issue: | 1 | Start page: | 144 | End page: | 158 | Journal: | Maritime Policy and Management | Abstract: | This paper investigates the relationship between chartering contracts and the financial performance of U.S.-listed shipping firms. We use public data from SEC’s 20-F forms for U.S. listed shipping firms to construct a unique dataset of vessel chartering decisions, comprising 8,733 vessel-year observations. We rely on panel data regressions to show that managing the notoriously high freight rate risk, by employing the greatest part of a shipping firm’s fleet under time-charter contracts rather than voyage (spot) charter contracts, creates corporate value as it increases financial performance. This main result has several important implications regarding mainstream business decisions of shipping firms, such as vessels’ operations and chartering. | URI: | https://hdl.handle.net/20.500.14279/36280 | ISSN: | 03088839 | DOI: | 10.1080/03088839.2023.2287434 | Rights: | © Informa UK Limited, trading as Taylor & Francis Group Attribution-NonCommercial-NoDerivatives 4.0 International |
Type: | Article | Affiliation : | Cyprus University of Technology Athens University of Economics and Business |
Publication Type: | Peer Reviewed |
| Appears in Collections: | Άρθρα/Articles |
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