| dc.description.abstractEN | The financial methodologies used by shipping corporations and the economic policy
uncertainty index in Greece are discussed in this paper. The research is carried out by
comparing 2 different factors. From the one hand, the published data from previous
studies and articles of Greek Shipping Companies that have been financed during a
certain period and from the other hand, the economic policy uncertainty index in
Greece. To begin with, an explanation of the financing in the shipping sector, as well
as an explanation of how policy uncertainty and local and/or global events affect the
field of ship-lending, particularly via banking will be provided. Shipping finance has
evolved significantly over the last few decades, and the traditional capital structure of
bank lending combined with shareholder equity has given way to more sophisticated
and innovative financing methods, resulting in a new capital structure that is more
complicated but better serves today's financial needs. As the analysis reveals, there is a
discussion in this thesis regarding how uncertainty plays an essential part in shipping
finance. Finance in shipping industry was chosen because of its high volume, market
fundamentals, and abundance of information. Bank lending, bond issuance, equity
offering, and private equity funds are all analyzed to see what benefits and costs they
may induce. | el |
