Shipbuilder country and second-hand price

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2020-09-28 DOI:10.1504/ijstl.2020.10030192

Floriano C.M. Pires Junior, R. B. Fiasca, L. F. Assis

引用次数: 2

Abstract

The hypothesis that a shipbuilder's country influences the second-hand price of ships is tacitly accepted by most market analysts and practitioners. This article presents an econometric analysis to test this hypothesis. The analysis is based on econometric modelling of second-hand ship prices. The regressors include ship deadweight, ship age, indexes of earnings and newbuilding prices, LIBOR, and dummy variables that represent the build country or region. Models specific for tankers, bulk carriers and containerships were estimated. The analysis has generally shown that the effect of a ship's build country on the second-hand price may be statistically significant. Additionally, an assessment of the time evolution of this effect has been performed on bulk carriers built in Japan that were sold from 2003 to 2017. The results indicated some negative correlation between the market state and the price differentials associated with the build country.

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造船国和二手价格

造船厂所在国影响船舶二手价格的假设被大多数市场分析师和从业者默认。本文提出了一个计量经济学分析来检验这一假设。该分析基于二手船价格的计量经济学模型。回归因子包括船舶自重、船龄、收益指数和新造船价格、伦敦银行同业拆借利率以及代表建造国家或地区的虚拟变量。对油轮、散货船和集装箱船的具体型号进行了估算。分析普遍表明，船舶建造国对二手价格的影响可能具有统计学意义。此外，还对2003年至2017年在日本建造的散货船进行了这种影响的时间演变评估。结果表明，市场状态与建设国的价格差异之间存在一定的负相关关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.