References
- Altman, E. I.(1968), "Financial rarios, discriminant analysis and the prediction of corporate bankruptcy", Journal of Finance, Vol. 23, No. 4, pp. 589-609. https://doi.org/10.1111/j.1540-6261.1968.tb00843.x
- Beaver, W. H.(1966), "Financial Ratios as Predictors of Failure", Journal of Accounting Research, Vol. 4, No. 3, pp. 71-111. https://doi.org/10.2307/2490171
- Bonfim. D.(2009), "Credit risk drivers: evaluating the contribution of firm level information and of macroeconomic dynamics", Journal of Bank & Finance, Vol. 33, No. 2, pp. 281-299. https://doi.org/10.1016/j.jbankfin.2008.08.006
- Dimitras, A. I., Petropoulos, T. and Constantinidou, I. (2002), "Multi-criteria evaluation of loan applications in shipping", Journal of Multi-Criteria Decision Analysis, Vol. 11, No. 4-5, pp. 237-246. https://doi.org/10.1002/mcda.332
- Gavalas, D. and Syriopoulos T.(2014), "An integrated credit rating and loan quality model : application to bank shipping finance", Maritime Policy & Management, Vol. 42, No. 6, pp. 533-554. https://doi.org/10.1080/03088839.2014.904948
- Gong, S. X., Ye, H. Q. and Zeng, Y. Y.(2013), "Impacts of the recent financial crisis on ship financing in Hong Kong: a research note", Maritime Policy & Management, Vol. 40, No. 1, pp. 1-9. https://doi.org/10.1080/03088839.2012.745202
- Kang, B. T., Lee, K. H. and Kim, M. H.(2017), "Determinants of shipping bank loan spreads: An empirical study", Journal of Shipping and Logistics, Vol. 33, No. 2, pp. 253-275.
- Kavussanos M. G. and Tsouknidis D. A.(2014), "The Determinants of Credit Spreads Change in Global Shipping Bonds", Transportation Res. Part E: Logistics, Transportation Review, No. 70, pp. 55-75.
- Kavussanos, M. G. and Visvikis, I. D.(2016), The International Handbook of Shipping Finance: Theory and Practice, Palgrave Macmillan Publishers, London.
- Korea Development Bank(2017), Corporate credit rating business commentary.
- Korean Shipowners' Association(2009, 2019), Shipping Statistics 2008, 2018.
- Lee, H. Y.(2012), Research Methodology, Chungram Books.
- Lozinskaia, A., Merikas, A., Merika, A. and Penikas, H. (2017), "Determinants of the probability of default: the case of the internationally listed shipping corporations", Maritime Policy & Management, Vol. 44, No. 7, pp. 837-858. https://doi.org/10.1080/03088839.2017.1345018
- Mitroussi, K., Abouarghoub, W., Haider, J. J., Pettit, S. J. and Tigka, N.(2016), "Performance drivers of shipping loans: An empirical investigation", International Journal of Production Economics, Vol. 171, No. 3, pp. 438-452. https://doi.org/10.1016/j.ijpe.2015.09.041
- Ohlson, J. A.(1980), "Financial Ratios and the Probabilistic Prediction of Bankruptcy", Journal of Accounting Research, Vol. 18, No. 1, Spring, pp. 109-131. https://doi.org/10.2307/2490395
- Stopford, M.(2009), Maritime Economics(3rd edition), Routledge, New York.
- UNCTAD(2019), Review of Maritime Transport 2018.