Institutional performance and ship registration

Kyriaki Mitroussi and Michael Arghyrou

Transportation Research Part E: Logistics and Transportation Review, 2016, vol. 85, issue C, 90-106

Abstract: 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.

Keywords: Ship registration; Flag-out; Net flag-out; Institutional performance (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:85:y:2016:i:c:p:90-106

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DOI: 10.1016/j.tre.2015.10.004

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