The Market Effectiveness of China's Shipping Derivatives Under the Background of Financial Support for Shipping Logistics

Siyuan Wang () and Xiaojie Liang ()
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Siyuan Wang: China Academy of Transportation Science
Xiaojie Liang: China Academy of Transportation Science

A chapter in LISS 2022, 2023, pp 473-485 from Springer

Abstract: Abstract The development of shipping logistics is inseparable from financial support. Shipping financial derivatives is one of the important means to avoid risks in the shipping market. China shipping derivatives trading starts relatively late. This paper studies the market effectiveness of China coastal coal shipping derivatives with Wildbootstrap variance ratio test and other empirical method and provides a theoretical reference for shipping companies. The result shows the China coastal coal shipping derivatives market is not efficient in the past six years, but it can achieve weak form efficiency in the long run.

Keywords: Inancial support; Shipping logistics; Shipping financial derivatives; Market effectiveness (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-99-2625-1_37

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DOI: 10.1007/978-981-99-2625-1_37

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