The Use of Capital Budgeting Techniques among UK-based Ship Operators
The idiosyncratic characteristics of the shipping industry render the prudent appraisal of shipping investments imperative. Despite this, the shipping finance literature seems to have placed greater emphasis on the issues of credit analysis and raising funds for shipping investments as opposed to shipping investment appraisal and fund allocation. Having recognised this gap, this study aims to make a contribution in this respect through a qualitative empirical investigation. Data were collected through a mail survey of United Kingdom (UK)-based ship operators. The analysis of the results revealed the practices of the UK-based ship operators surveyed as to the popularity of the various quantitative techniques, the practices as to risk assessment and modelling and the qualitative factors influencing investment appraisal and decision making. It was also revealed, however, that capital budgeting does not seem to form part of a strategic planning and control system. Inferences as to future research and managerial implications are discussed.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/13881973
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Supplemental Notes:
- © Palgrave Macmillan Ltd 2000.
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Authors:
- Cullinane, Kevin
- Panayides, Photis M
- Publication Date: 2000-10
Language
- English
Media Info
- Media Type: Web
- Pagination: pp 313-330
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Serial:
- International Journal of Maritime Economics
- Volume: 2
- Issue Number: 4
- Publisher: Palgrave Macmillan
- ISSN: 1388-1973
- Serial URL: http://link.springer.com/journal/41278
Subject/Index Terms
- TRT Terms: Budgeting; Decision making; Financing; Investments; Maritime industry; Risk assessment; Ship operations; Strategic planning
- Geographic Terms: United Kingdom
- Subject Areas: Economics; Finance; Marine Transportation;
Filing Info
- Accession Number: 01608108
- Record Type: Publication
- Files: TRIS
- Created Date: Aug 29 2016 11:08AM