Michail, Nektarios; Melas, Konstantinos D. - In: The Asian Journal of Shipping and Logistics 39 (2023) 1, pp. 30-37
This paper studies the behaviour of shipping investors following an unexpected shock in the freight rates, while accounting for costs (fuel), and the macro environment (stock prices and trade). The estimates firstly confirm the existence of a long-term relationship between the macroeconomic...