Michail, Nektarios; Melas, Konstantinos D.; Louca, … - In: Economies : open access journal 11 (2023) 7, pp. 1-12
We explore, for the first time in the literature, how the revenues of ship management companies respond to macroeconomic exogenous shocks. Using data for ship-management companies in Cyprus, we find evidence that a demand shock has the largest impact on revenues, exhibiting an almost one-for-one...
