Information flow between revenue and stock exchanges: An empirical research on liner shipping companies

• Autorzy: Açık Abdullah , Baran Kasapoğlu Esra , Ayaz İlke Sezin

Identyfikatory

DOI

10.14254/jsdtl.2021.6-1.7

• Języki publikacji: EN

Abstrakty

EN

The aim of this research is to test the volatility spillover between the stock values of the major liner shipping companies in the world and the freight indices measuring the freight revenues in the container market. The dataset in the study consists of 9 stock values of the top 10 biggest liner companies in 2018 and 3 container freight indices on weekly basis covering the period between 05.11.2010 and 06.07.2018. Volatility spillovers have been determined to some companies' stock values from some container freight indices, and the most influential freight index has been determined as New ConTex. Moreover, some volatility spillovers from some companies' stock values to freight indices have been also determined. These results suggest that some stock investors position their portfolios in the market according to the flow of information from freight indices while some investors position by following macro variables.

Słowa kluczowe

EN

volatility spillover; information flow; stock price; freight index; liner shipping

• Wydawca: Fundacja Centrum Badań Socjologicznych ; Scientific Publishing House "SciView"
• Czasopismo: Journal of Sustainable Development of Transport and Logistics
• Rocznik: 2021
• Tom: Vol. 6, No. 1
• Strony: 81--89
• Opis fizyczny: Bibliogr. 42 poz., tab.

Twórcy

autor

Açık Abdullah

• Department of Maritime Business Administration, Maritime Faculty, Dokuz Eylül University, Adatepe Neighbourhood, Doğuş Road, No: 207/O 35390, Tınaztepe Campus, Buca, İzmir, Turkey

• https://orcid.org/0000-0003-4542-9831

autor

Baran Kasapoğlu Esra

• Department of Maritime Business Administration, Maritime Faculty, Dokuz Eylül University, Adatepe Neighbourhood, Doğuş Road, No: 207/O 35390, Tınaztepe Campus, Buca, İzmir, Turkey

• https://orcid.org/0000-0002-2235-5617

autor

Ayaz İlke Sezin

• Department of Maritime Business Administration, Maritime Faculty, Dokuz Eylül University, Adatepe Neighbourhood, Doğuş Road, No: 207/O 35390, Tınaztepe Campus, Buca, İzmir, Turkey

• https://orcid.org/0000-0002-7053-3940

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).