Institutional performance and ship registration |
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| Affiliation: | 1. Associate Professor, PhD, Solvay Business School, University of Brussels, Brussels, Belgium;2. Associate Professor, PhD, University of Genoa, Genoa, Italy;1. Tyndall Centre for Climate Change Research; School of Mechanical, Aerospace and Civil Engineering, University of Manchester, United Kingdom;2. UCL Energy Institute, United Kingdom;3. Department of Mechanical Engineering, UCL, United Kingdom;1. University of Heilbronn, Max-Planck-Str. 39, 74081 Heilbronn, Germany;2. Saarland University, Chair for Constitutional Law and Administrative Law (Lehrstuhl für Staats- und Verwaltungsrecht), Campus, Gebäude B4 1, 66123 Saarbrücken, Germany;3. Centre for European Economic Research (ZEW), L7, 1, 68161 Mannheim, Germany;4. Fraunhofer Institute for Systems and Innovation Research ISI, Breslauer Straße 48, 76139 Karlsruhe, Germany;5. SZA Schilling, Zutt & Anschütz, Otto-Beck-Straße 11, 68165 Mannheim, Germany;1. Centre for European Economic Research (ZEW), L7,1, 68161 Mannheim, Germany;2. Fraunhofer Institute for Systems and Innovation Research ISI, Breslauer Straße 48, 76139 Karlsruhe, Germany |
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| Abstract: | The paper introduces a new concept in ship registration, the net flag-out ratio (in contrast to the standard flag-out ratio) and examines the potential contribution of metrics of corruption and institutional measures as decisive factors in explaining flag choice. Context-related factors are also controlled and included in the study. The study uses a cross-sectional, multiple regression econometric approach. Focusing on a sample of the 33 largest ship owning countries, we find that institutional factors do not explain the traditional flag-out measure but determine the net flag-out ratio. Our findings indicate a potential effect of institutional performance/environment on ship registration. |
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| Keywords: | Ship registration Flag-out Net flag-out Institutional performance |
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