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A survey of shipping finance research: Setting the future research agenda

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  • Alexandridis, George
  • Kavussanos, Manolis G.
  • Kim, Chi Y.
  • Tsouknidis, Dimitris A.
  • Visvikis, Ilias D.

Abstract

Financing shipping related investment projects has always been a focal area of debate and research within the international maritime industry since access to funding can determine the competitiveness of a capital-intensive business as well as its success or failure under adverse market conditions. This paper provides, for the first time, a comprehensive and structured survey of all published research in the area of shipping finance and investment. The review spans approximately four decades (1979–2018) of empirical evidence, including 162 studies published in 48 scholarly journals, complemented with select books and book chapters. The study provides a bibliometric analysis and comprehensive synthesis of existing research offering an invaluable source of information for both the academic community and business practice, shaping the future research agenda in shipping finance and investment.

Suggested Citation

  • Alexandridis, George & Kavussanos, Manolis G. & Kim, Chi Y. & Tsouknidis, Dimitris A. & Visvikis, Ilias D., 2018. "A survey of shipping finance research: Setting the future research agenda," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 115(C), pages 164-212.
    • Handle: RePEc:eee:transe:v:115:y:2018:i:c:p:164-212
    DOI: 10.1016/j.tre.2018.04.001
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    Keywords

    Survey analysis; Shipping finance and investment; Transportation finance; Company valuation; Corporate governance;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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