12th June 2018 at 19.00
Hilton Hotel, Athens
Join us for this, free to attend, Masterclass to experience the sort of teaching our master’s students enjoy with us in London.
Dr Nikos C. Papapostolou, Senior Lecturer in Shipping Finance and Associate Director, The Costas Grammenos Centre for Shipping, Trade and Finance, will deliver this Masterclass titled; Shipping Sentiment Indices
Given the lack of a common measure of investor sentiment for markets internationally, earlier studies have attempted to use accurate proxies of it, and consumer confidence indices are found to be highly adequate measures. However, these indices have flaws as direct measures of investor sentiment, since their construction is based on surveys and consumers’ actions can differ substantially from that of their responses. In this masterclass, Dr Nikos Papapostolou will focus on the shipping industry, since approximately 80% of global trade by volume and over 70% of global trade by value are transported by sea, and discuss how market data based shipping sentiment indices are a useful tool for anticipating cycles phases, timing second-hand vessel investment, and stock return predictability.