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Institutional performance and ship registration

Mitroussi, Kyriaki and Arghyrou, Michael Georgiou 2016. Institutional performance and ship registration. Transportation Research Part E: Logistics and Transportation Review 85 , pp. 90-106. 10.1016/j.tre.2015.10.004

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The paper introduces a new concept in ship registration, the net flag-out ratio (in contrast to the standard flag-out ratio) and examines the potential contribution of metrics of corruption and institutional measures as decisive factors in explaining flag choice. Context-related factors are also controlled and included in the study. The study uses a cross-sectional, multiple regression econometric approach. Focusing on a sample of the 33 largest ship owning countries, we find that institutional factors do not explain the traditional flag-out measure but determine the net flag-out ratio. Our findings indicate a potential effect of institutional performance/environment on ship registration.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HE Transportation and Communications
Additional Information: Available online 10 December 2015
Publisher: Elsevier
ISSN: 1366-5545
Date of First Compliant Deposit: 30 March 2016
Date of Acceptance: 13 October 2015
Last Modified: 02 Jul 2019 19:25

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