IDEAS home Printed from https://ideas.repec.org/a/vrs/ijomae/v53y2017i2p69-83n6.html
   My bibliography  Save this article

Methods of Raising Funds for Purchasing of New Cruise Ships by International Corporations

Author

Listed:
  • Kizielewicz Joanna

    (Faculty of Entrepreneurship and Quality Science, Gdynia Maritime University, Gdynia, Poland)

Abstract

The world’s cruise corporations regularly purchase large, luxurious cruise ships. In accordance with the Cruise Line International Association, 33 new ocean cruise ships will be available on the market by 2020. These types of capital expenditures are associated with large financial outlays of up to $ 1 billion. The leading cruise corporations are not able to finance purchases of new units with their own resources and therefore look for different solutions. Available publications focus mainly on issues related to purchasing cargo ships, not cruise ships. The objective of the article is to identify sources of funding of new cruise ships. Our analysis identifies the average capital expenditure associated with purchasing new cruise ships and factors that influence it. The most popular methods for raising such capital are also provided. Our research methodology relies on data exploration method, a desk research method and comparative analysis.

Suggested Citation

  • Kizielewicz Joanna, 2017. "Methods of Raising Funds for Purchasing of New Cruise Ships by International Corporations," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 53(2), pages 69-83, June.
    • Handle: RePEc:vrs:ijomae:v:53:y:2017:i:2:p:69-83:n:6
    DOI: 10.1515/ijme-2017-0013
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/ijme-2017-0013
    Download Restriction: no
    File URL: https://libkey.io/10.1515/ijme-2017-0013?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    business investment; capital expenditure; corporate investment;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:ijomae:v:53:y:2017:i:2:p:69-83:n:6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: http://kolegia.sgh.waw.pl/en/KGS/Pages/default.aspx .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.