Purpose

This study aims to explain the facts about behavioral biases that cannot be explained by rational patterns in ship investments of small-size shipping companies.

Design/methodology/approach

A qualitative approach was adopted in this study. The systematic approach of Wolcott (1994) and the action flows proposed by Miles and Huberman (1994) were taken into consideration.

Findings

Factors affecting ship investments are classified as ship finance, market timing, ship specifications and profile and business models of ship investors. In addition, behavioral biases that stand out under each theme are explained in the light of behavioral finance literature.

Originality/value

The originality of this study rests on the lack of studies on behavioral aspects of ship investments.

中文翻译：

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小型航运公司船舶投资行为偏差调查

目的

本研究旨在解释小型航运公司船舶投资的理性模式无法解释的行为偏差事实。

设计/方法/方法

本研究采用定性方法。考虑了 Wolcott (1994) 的系统方法和 Miles 和 Huberman (1994) 提出的行动流程。

发现

影响船舶投资的因素分为船舶融资、市场时机、船舶规格以及船舶投资者的概况和商业模式。此外，根据行为金融学文献对每个主题下突出的行为偏见进行了解释。

原创性/价值

本研究的独创性在于缺乏对船舶投资行为方面的研究。