Construction of Korean Shipping Industry Risk Sentiment Index using news articles

The authors develop the Shipping Industry Risk Sentiment Index (SRSI) to measure risk sentiment in Korea's shipping industry. The index is based on the frequency of news articles in Korean newspapers that contain terms related to the six C's of credit suggested by Grammenos (2013). The dynamics of the index show that it spikes near tight periods of elevated risk sentiment including global financial crisis and the court receivership of Korea's major shipping companies. The authors investigate predictive power of the index by using an autoregressive distributed lag (ARDL) model and impulse response functions from local projections. Empirical evidence shows that SRSI reflects risk sentiment in shipping industry and contains useful information to understand market situations.

• Record URL:
  • https://doi.org/10.1504/IJSTL.2023.136047
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/17566517
• Supplemental Notes:
  • Copyright © The Authors 2023. Published by Inderscience Publishers Ltd.
• Authors:
  • Park, Sunghwa
  • Kim, Hyunsok
  • Kwon, Janghan
  • Kim, Taeil
• Publication Date: 2023

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 469-486
• Serial:
  • International Journal of Shipping and Transport Logistics
  • Volume: 17
  • Issue Number: 4
  • Publisher: Inderscience Enterprises Limited
  • ISSN: 1756-6517
  • EISSN: 1756-6525
  • Serial URL: http://www.inderscience.com/jhome.php?jcode=ijstl

Subject/Index Terms

• TRT Terms: Data analysis; News; Risk analysis; Shipping
• Geographic Terms: South Korea
• Subject Areas: Administration and Management; Marine Transportation; Security and Emergencies;

Filing Info

• Accession Number: 01909842
• Record Type: Publication
• Files: TRIS
• Created Date: Feb 26 2024 8:53AM