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Institutional performance and ship registration

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  • Mitroussi, Kyriaki
  • Arghyrou, Michael G.

Abstract

The paper introduces a new concept in ship registration, the net flag-out ratio (in contrast to the standard flag-out ratio) and examines the potential contribution of metrics of corruption and institutional measures as decisive factors in explaining flag choice. Context-related factors are also controlled and included in the study. The study uses a cross-sectional, multiple regression econometric approach. Focusing on a sample of the 33 largest ship owning countries, we find that institutional factors do not explain the traditional flag-out measure but determine the net flag-out ratio. Our findings indicate a potential effect of institutional performance/environment on ship registration.

Suggested Citation

  • Mitroussi, Kyriaki & Arghyrou, Michael G., 2016. "Institutional performance and ship registration," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 85(C), pages 90-106.
    • Handle: RePEc:eee:transe:v:85:y:2016:i:c:p:90-106
    DOI: 10.1016/j.tre.2015.10.004
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    Cited by:

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