{"id":"https://openalex.org/W1998113309","doi":"https://doi.org/10.1057/jam.2008.14","title":"Ship funds as a new asset class: An empirical analysis of the relationship between spot and forward prices in freight markets","display_name":"Ship funds as a new asset class: An empirical analysis of the relationship between spot and forward prices in freight markets","publication_year":2008,"publication_date":"2008-06-23","ids":{"openalex":"https://openalex.org/W1998113309","doi":"https://doi.org/10.1057/jam.2008.14","mag":"1998113309"},"language":"en","primary_location":{"id":"doi:10.1057/jam.2008.14","doi":"https://doi.org/10.1057/jam.2008.14","is_oa":false,"landing_page_url":"https://doi.org/10.1057/jam.2008.14","pdf_url":null,"source":{"id":"https://openalex.org/S206916388","display_name":"Journal of Asset Management","issn_l":"1470-8272","issn":["1470-8272","1479-179X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319702","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319702","https://openalex.org/P4310319964"],"host_organization_lineage_names":["Palgrave Macmillan","Macmillan Publishers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Asset Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://autopapers.ssrn.com/sol3/papers.cfm?abstract_id=1176201","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5021069591","display_name":"Wolfgang Bessler","orcid":"https://orcid.org/0000-0002-1348-5129","observed_orcids":["https://orcid.org/0000-0002-1348-5129"]},"institutions":[{"id":"https://openalex.org/I200763008","display_name":"Justus-Liebig-Universit\u00e4t Gie\u00dfen","ror":"https://ror.org/033eqas34","country_code":"DE","type":"education","lineage":["https://openalex.org/I200763008"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Wolfgang Bessler","raw_affiliation_strings":["Justus-Liebig-University Giessen, Licher Strasse 74, Giessen, Germany","Justus-Liebig-University, Giessen"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Justus-Liebig-University Giessen, Licher Strasse 74, Giessen, Germany","institution_ids":["https://openalex.org/I200763008"]},{"raw_affiliation_string":"Justus-Liebig-University, Giessen","institution_ids":["https://openalex.org/I200763008"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5039804346","display_name":"Wolfgang Drobetz","orcid":"https://orcid.org/0000-0002-5247-0405","observed_orcids":["https://orcid.org/0000-0002-5247-0405"]},"institutions":[{"id":"https://openalex.org/I200763008","display_name":"Justus-Liebig-Universit\u00e4t Gie\u00dfen","ror":"https://ror.org/033eqas34","country_code":"DE","type":"education","lineage":["https://openalex.org/I200763008"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Wolfgang Drobetz","raw_affiliation_strings":["Justus-Liebig-University Giessen, Licher Strasse 74, Giessen, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Justus-Liebig-University Giessen, Licher Strasse 74, Giessen, Germany","institution_ids":["https://openalex.org/I200763008"]}]},{"author_position":"last","author":{"id":null,"display_name":"J\u00f6rg Seidel","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I200763008","display_name":"Justus-Liebig-Universit\u00e4t Gie\u00dfen","ror":"https://ror.org/033eqas34","country_code":"DE","type":"education","lineage":["https://openalex.org/I200763008"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"J\u00f6rg Seidel","raw_affiliation_strings":["Justus-Liebig-University Giessen, Licher Strasse 74, Giessen, Germany","Justus-Liebig-University, Giessen"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Justus-Liebig-University Giessen, Licher Strasse 74, Giessen, Germany","institution_ids":["https://openalex.org/I200763008"]},{"raw_affiliation_string":"Justus-Liebig-University, Giessen","institution_ids":["https://openalex.org/I200763008"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5021069591"],"corresponding_institution_ids":["https://openalex.org/I200763008"],"apc_list":{"value":3190,"currency":"USD","value_usd":3190},"apc_paid":null,"fwci":1.7476,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":{"value":0.89306041,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"9","issue":"2","first_page":"102","last_page":"120"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9599999785423279,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9599999785423279,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.017100000753998756,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.00419999985024333,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/freight-rates","display_name":"freight rates","score":0.8069999814033508},{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.734000027179718},{"id":"https://openalex.org/keywords/bulk-carriers","display_name":"bulk carriers","score":0.6639999747276306},{"id":"https://openalex.org/keywords/vector-error-correction-model","display_name":"vector error correction model","score":0.6579999923706055},{"id":"https://openalex.org/keywords/speed-of-adjustment","display_name":"speed of adjustment","score":0.8199999928474426},{"id":"https://openalex.org/keywords/hedging","display_name":"hedging","score":0.9020000100135803},{"id":"https://openalex.org/keywords/return-volatility","display_name":"return volatility","score":0.7329999804496765},{"id":"https://openalex.org/keywords/asset-classes","display_name":"asset classes","score":0.37599998712539673}],"concepts":[{"id":"https://openalex.org/C175223733","wikidata":"https://www.wikidata.org/wiki/Q1047888","display_name":"Spot contract","level":3,"score":0.6640896797180176},{"id":"https://openalex.org/C204434749","wikidata":"https://www.wikidata.org/wiki/Q105611","display_name":"Hedge fund","level":2,"score":0.6331291794776917},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5493237972259521},{"id":"https://openalex.org/C2776789725","wikidata":"https://www.wikidata.org/wiki/Q1572221","display_name":"Spot market","level":3,"score":0.5263527631759644},{"id":"https://openalex.org/C38904191","wikidata":"https://www.wikidata.org/wiki/Q744762","display_name":"Forward contract","level":3,"score":0.5252451300621033},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.495328813791275},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.48237577080726624},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.47930994629859924},{"id":"https://openalex.org/C134221152","wikidata":"https://www.wikidata.org/wiki/Q4736525","display_name":"Alternative investment","level":3,"score":0.4775986671447754},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.47652897238731384},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.4636688232421875},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.4469001293182373},{"id":"https://openalex.org/C149315309","wikidata":"https://www.wikidata.org/wiki/Q29432","display_name":"Forward price","level":2,"score":0.4444333612918854},{"id":"https://openalex.org/C128263813","wikidata":"https://www.wikidata.org/wiki/Q6588953","display_name":"Forward rate","level":3,"score":0.4161002039909363},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3701198101043701},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.2745593190193176},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.25468868017196655},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.24934837222099304},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.22538581490516663},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.11221340298652649},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1057/jam.2008.14","doi":"https://doi.org/10.1057/jam.2008.14","is_oa":false,"landing_page_url":"https://doi.org/10.1057/jam.2008.14","pdf_url":null,"source":{"id":"https://openalex.org/S206916388","display_name":"Journal of Asset Management","issn_l":"1470-8272","issn":["1470-8272","1479-179X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319702","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319702","https://openalex.org/P4310319964"],"host_organization_lineage_names":["Palgrave Macmillan","Macmillan Publishers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Asset Management","raw_type":"journal-article"},{"id":"mag:3123388484","doi":null,"is_oa":true,"landing_page_url":"https://autopapers.ssrn.com/sol3/papers.cfm?abstract_id=1176201","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:pal:assmgt:v:9:y:2008:i:2:d:10.1057_jam.2008.14","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1057/jam.2008.14","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"mag:3123388484","doi":null,"is_oa":true,"landing_page_url":"https://autopapers.ssrn.com/sol3/papers.cfm?abstract_id=1176201","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":44,"referenced_works":["https://openalex.org/W150573749","https://openalex.org/W1571438983","https://openalex.org/W1577789187","https://openalex.org/W1588163064","https://openalex.org/W1596844822","https://openalex.org/W1966366456","https://openalex.org/W1975994995","https://openalex.org/W1980305280","https://openalex.org/W1989102338","https://openalex.org/W1999642410","https://openalex.org/W2008013360","https://openalex.org/W2019222975","https://openalex.org/W2034707435","https://openalex.org/W2050067494","https://openalex.org/W2055359865","https://openalex.org/W2061031689","https://openalex.org/W2066899786","https://openalex.org/W2074973516","https://openalex.org/W2079615115","https://openalex.org/W2082811146","https://openalex.org/W2083120637","https://openalex.org/W2093230975","https://openalex.org/W2094424928","https://openalex.org/W2097580026","https://openalex.org/W2110603299","https://openalex.org/W2116216827","https://openalex.org/W2116717227","https://openalex.org/W2117759210","https://openalex.org/W2129123189","https://openalex.org/W2132428800","https://openalex.org/W2154344426","https://openalex.org/W2157499219","https://openalex.org/W2312316715","https://openalex.org/W2483975081","https://openalex.org/W2595903855","https://openalex.org/W2769888294","https://openalex.org/W3023700107","https://openalex.org/W3121334756","https://openalex.org/W3123604414","https://openalex.org/W3125496211","https://openalex.org/W4237694984","https://openalex.org/W4238306122","https://openalex.org/W6634201796","https://openalex.org/W6635643941"],"related_works":["https://openalex.org/W1964075070","https://openalex.org/W3123382556","https://openalex.org/W1989102338","https://openalex.org/W2369011570","https://openalex.org/W2082811146","https://openalex.org/W3125303607","https://openalex.org/W2274568016","https://openalex.org/W2498807307","https://openalex.org/W2189962910","https://openalex.org/W2388219306"],"abstract_inverted_index":null,"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":3}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}
