한국항해항만학회지 (Journal of Navigation and Port Research)

  • 제44권4호
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  • Pages.326-337
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  • 2020
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  • 1598-5725(pISSN)
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  • 2093-8470(eISSN)
한국항해항만학회 (Korean Institute of Navigation and Port Research)
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매몰 비용과 엥카링 효과가 선박금융에 미치는 영향

The Effect of Sunk Cost and Anchoring Effect on Shipping Finance

  • 김우석 (한국해양대학교) ;
  • 이기환 (한국해양대학교 해운경영학부)
  • Kim, Wu-Seok (Graduate School of National Korea Maritime and Ocean University) ;
  • Lee, Ki-Hwan (Graduate School of National Korea Maritime and Ocean University)
  • 투고 : 2020.06.08
  • 심사 : 2020.07.22
  • 발행 : 2020.08.31
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⟨ 이전 논문 다음 논문 ⟩

초록

선박금융 의사결정에서 해운기업들은 비합리적인 의사결정을 선택하는 경우가 있으며, 이러한 결과는 해운기업들에 막대한 손실을 유발시킨다. 이러한 선박금융 의사결정 선택에 대한 분석을 본 연구는 행동재무학 이론 중 엥카링 효과와 매몰 비용 효과 이론으로 접근 하였으며, 설문지법과 사례 분석 방법론으로 논문을 작성하였다. 분석 결과, 행동재무학 이론인 엥카링 효과와 매몰 비용 효과가 선박금융 의사결정에 영향을 미친다는 사실과 이러한 영향으로 의사결정자가 비합리적인 의사결정을 선택하게 될 수 있다는 사실을 발견했다.

Shipping companies have suffered additional losses because of irrational shipping finance decisions. This paper analyses the cases according to the behavioral finance theories. The theories of behavioral finance used in the analysis and research of this paper are the anchoring effect and sunk cost effect. The backgrounds and reasons for the decisions regarding ship financing are analysed based on the questionnaire responses and case studies. As a result of the analysis, it is found that the behavioral finance theories, anchoring effect, and sunk cost effect, have effects on the ship financing decisions, that errors related to behavioral finance can result in irrational decisions, and that shipping companies suffered additional losses because of the behavioral finance errors.

키워드

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