The chapter discusses ship finance and analyzes modern instruments, methods and markets that shipping companies employ to fund their investment projects. In a highly dynamic and volatile business environment, ship finance becomes highly sophisticated, innovative and complex. Emphasis is placed...

The study investigates the risk and return profile of international portfolios allocated by investors to major Balkan equity markets, namely Romania, Bulgaria, Croatia, Turkey, Cyprus and Greece against developed markets, Germany and the US. An error-correction vector autoregressive framework...

Credit risk has been one of the most active areas of recent financial research. It is driven by advances in portfolio risk measurement and management techniques, growth in credit derivatives trading, the Basel II implementation, and regulatory concerns stemming from the commercial credit crunch...

Credit risk measurement remains a critical field of top priority in banking finance, directly implicated in the recent global financial crisis. This paper examines the dynamic linkages between credit risk migration due to rating shifts and prevailing macroeconomic conditions, reflected in...

Major factors affecting Greek household budget flows to mutual fund classes with different risk-return profiles are studied, applying the flexible functional form of the Almost Ideal Demand System to analyse allocation to equity, bond, balanced, and money market funds. An increase in household...

The corporate governance model of the shipping firms is under extensive dynamic adjustment. Core reasons for that include the corporate transformation of the shipping firms from private and family run into publicly listed and multi-shareholder entities and a number of strict stock market listing...

This study employs alternative dynamic volatility models to investigate the risk and return characteristics of a carefully selected sample of shipping stocks, in order to enhance asset allocation opportunities. As private and institutional investors are in search of alternative style...

This paper investigates corporate governance implications for shareholder value in shipping takeovers. Inadequate corporate governance structures are shown to affect corporate growth and even turn a company into a takeover target. The interesting case study of Stelmar Shipping is employed in an...

The paper investigates the impact of CEO duality/separation on the financial performance of shipping firms. This is an interesting case sector, as a growing number of shipping companies are seen to go public on international capital markets, shifting away from their founding family-run model....