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Shipping Bank Loans
2016-1-26

Date & Time:January 26th (Tuesday), 15:00-16:30

Venue:(Room 202, Dongming District)

Speaker: Professor Manolis G. Kavussanos

Abstract: 

The presentation will reveal research evidence on a simple credit scoring model for the empirical assessment of default risk drivers of shipping bank loans. A unique sample of data is used, consisting of the credit portfolio of a ship-lending bank. Industry specific variables, captured through the current and expected conditions in the extremely volatile global shipping freight markets, the risk appetite of the borrowers – the shipowners – expressed through the chartering policy they follow – and a pricing variable, capturing the rest of the 6 C’s of credit elements, are shown for the first time to be the important factors explaining default probabilities of bank loans. 

Introduction of the speaker:

Manolis G. Kavussanos is Professor at the Athens University of Economics and Business (AUEB), Greece. He is the Director of the MSc program in International Shipping, Finance and Management and of the Laboratory for Finance since their inception, member of the steering committees of the MSc program in Accounting and Finance, of the Athens MBA program, and for 5 years the Director of the MSc and PhD programs in Accounting and Finance at AUEB. He holds BSc and MSc (Economics) from University of London and PhD (Applied Economics) from City University Cass Business School (Cass), London. He launched and Directed, until he joined AUEB, the MSc in Trade, Logistics and Finance at Cass. He has held various posts as professor of finance and shipping in universities in more than eight countries around the globe, such as UK, France, The Netherlands, Belgium, Italy, Singapore, China, Greece and Cyprus. He has provided consultancy and executive training services in finance and shipping to private companies and public sector national and international organizations, has been a member of international committees for the evaluation of academic programs in tertiary academic institutions, for the award of prestigious prizes and for research funding. Professor Kavussanos has written extensively in the areas of finance, shipping and applied economics, and is the author of numerous academic papers published in top international refereed journals, in conference proceedings and books. He is a member of the editorial board on a number of these journals. His work has been presented in international conferences and professional meetings around the world, gaining awards for its quality, financed by both public (e.g. European Community) and private sector organizations, companies and foundations (e.g. Propondis Foundation) and cited extensively by other researchers in the area. Since 1992 he has worked in developing the area of risk analysis and management in shipping and is the co-author of three books in this area. 

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