What is it about?
This paper investigates the impact of exchange rates, interest rates and oil prices on stock returns of 143 international shipping companies from 16 countries.
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Why is it important?
Our results indicate that the low incidence of significant exposure to exchange rate and interest rates suggests that most shipping firms have utilised reasonably successful hedging strategies to reduce the impact of these macroeconomic risks.
Perspectives
I think that paper was one of first papers in this area for international shipping companies around the world. We were very delighted that we got it published in the journal of Maritime Policy. I would like to thank my coauthors prof. John Pointon and Dr Moji Olugbode for their hard work and enthusiasm till the paper was published. In all it was a good experience for myself.
Professor Ahmed A. El-Masry
Coventry University
Read the Original
This page is a summary of: The exposure of shipping firms’ stock returns to financial risks and oil prices: a global perspective, Maritime Policy & Management, September 2010, Taylor & Francis,
DOI: 10.1080/03088839.2010.503713.
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