The relationship between technical innovation and financial performance in shipping firms

被引：0
|
作者：
Kouspos, Andreas A. [1 ]
Panayides, Photis M. [1 ]
Tsouknidis, Dimitris A. [2 ]
机构：
[1] Cyprus Univ Technol, Fac Management & Econ, Dept Shipping, 115 Spyrou Araouzou Str,POB 50329, CY-3036 Limassol, Cyprus
[2] Athens Univ Econ & Business, Dept Accounting & Finance, Athens, Greece
来源：
MARITIME ECONOMICS & LOGISTICS | 2023年 / 25卷 / 04期
关键词：
Eco-type ships; Financial performance; Listed shipping firms; Technical innovation; Ice class ships; CORPORATE SOCIAL-RESPONSIBILITY; RESEARCH-AND-DEVELOPMENT; ORGANIZATIONAL INNOVATION; ECO-INNOVATION; MODEL; GOVERNANCE; MANAGEMENT; DECISION; IMPACT; SPECIFICATION;
D O I：
10.1057/s41278-022-00251-9
中图分类号：
U [交通运输];
学科分类号：
08 ; 0823 ;
摘要：
This study investigates the relationship between financial performance and technical innovation of 21 listed shipping firms employing a panel data methodology. Using vessel-level and firm-level data over the period 2013 to 2019, we show that vessels' technical innovation exhibits a positive relationship with firms' financial performance. We identify three types of technical innovation for listed shipping firms, namely ice-class, eco, and propulsion types, and show that shipping firms operating eco-type ships exhibit higher financial performance on average during the sample period examined. This result has important implications not least on the decision-making of shipping firms to invest in technically innovative ships.
引用
收藏
页码：698 / 727
页数：30
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