Keywords: Business cycle theory
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Journal Articles
Maritime Business Review (2023) 8 (1): 2–17.
Published: 11 October 2021
... cycle theory Investment timing Dry bulk shipping Shipping firms deal with two major decision-making processes: (1) long-term asset management led by asset prices (i.e. ship prices) and asset play opportunities (countercyclical investment) and (2) short-term liquidity management led...

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