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

• Published in: Transportation research. Part E, Logistics and transportation review Vol. 115; pp. 164 - 212
• Main Authors: Alexandridis, George, Kavussanos, Manolis G., Kim, Chi Y., Tsouknidis, Dimitris A., Visvikis, Ilias D.
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.07.2018
• Subjects: Company valuation; Corporate governance; Shipping finance and investment; Survey analysis; Transportation finance; Company valuation; G20; Corporate governance; G30; G10; Survey analysis; Transportation finance; Shipping finance and investment
• ISSN: 1366-5545; 1878-5794
• DOI: 10.1016/j.tre.2018.04.001

•First exhaustive survey of shipping finance and investment research over the last four decades.•Comprehensive bibliometric analysis explores the evolution of shipping finance and investment research.•Content analysis provides an overview of different topics, methodologies, research impact and co-authorship patterns.•Survey paves the way for future research by identifying gaps in the extant empirical literature. 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.