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Global Geopolitical Risk and Stock Price of Shipping Firms in Korea
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | 김치열 | - |
| dc.contributor.author | 함혁주 | - |
| dc.date.accessioned | 2022-06-22T17:38:27Z | - |
| dc.date.available | 2022-06-22T17:38:27Z | - |
| dc.date.created | 20210823115526 | - |
| dc.date.issued | 2021 | - |
| dc.identifier.uri | http://repository.kmou.ac.kr/handle/2014.oak/12769 | - |
| dc.identifier.uri | http://kmou.dcollection.net/common/orgView/200000506433 | - |
| dc.description.abstract | This study investigates the economic impacts of Geopolitical risk(GPR), focusing on the stock prices of shipping firms listed in Korea. This study employ GPR index developed by Caldara and Iacoviello (2018) and Monthly stock price records for Korean shipping companies listed during 2000-2020. Especially, the paper examines individual Korean shipping firms in different shipping sector in response to a change in GPR. Our results show that dry bulk and container firms are adversely influenced by GPR rises. The positive impact of GPR is more pronounced for tanker firm. Although most research on geopolitical risk concentrate on the negative effect on the financial sector, the findings in this paper could provide unique insights for investors and decision makers to understand the market and nature of the shipping firms. | - |
| dc.description.tableofcontents | 1. Introduction 1 2. Related Literature 3 2.1. Geopolitical Risk Index 3 2.2 Geopolitical Risk and Shipping Demand 3 2.3 Geopolitical Risk Index and Financial Market 4 2.4 GPR, Shipping Supply 5 3. Measuring Geopolitical Risk 7 3.1. Definition and Scope of Geopolitical Risk 7 3.2. Data and Methodology 8 4. Geopolitical Risk and Shipping Firm-level Stock Prices 9 4.1. Data and Descriptive Statistics 10 4.2. Empirical Framework 12 4.3. Baseline Results 12 4.4. Robustness Test 21 4.5. Implication 27 5. Conclusion 29 6. Reference 30 | - |
| dc.format.extent | 38 | - |
| dc.language | eng | - |
| dc.publisher | 한국해양대학교 대학원 | - |
| dc.rights | 한국해양대학교 논문은 저작권에 의해 보호받습니다. | - |
| dc.title | Global Geopolitical Risk and Stock Price of Shipping Firms in Korea | - |
| dc.title.alternative | 지정학적위기와 한국해운기업주가 분석 | - |
| dc.type | Dissertation | - |
| dc.date.awarded | 2021. 8 | - |
| dc.embargo.liftdate | 2021-08-23 | - |
| dc.contributor.alternativeName | HYUK JOO HAM | - |
| dc.contributor.department | 대학원 해운경영학과 | - |
| dc.contributor.affiliation | 한국해양대학교 대학원 해운경영학과 | - |
| dc.description.degree | Master | - |
| dc.identifier.bibliographicCitation | [1]함혁주, “Global Geopolitical Risk and Stock Price of Shipping Firms in Korea,” 한국해양대학교 대학원, 2021. | - |
| dc.subject.keyword | GPR | - |
| dc.subject.keyword | Shipping Sector | - |
| dc.subject.keyword | GPR Index | - |
| dc.subject.keyword | Korean Shipping firms | - |
| dc.identifier.holdings | 000000001979▲200000002463▲200000506433▲ | - |
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