A study of the critical success factors of international ship finance centre: The case of Shanghai

Petrus W.C. Choy, T. L. Yip, Kelvin Pang, Eunha Lee

Research output: Journal article publicationJournal articleAcademic researchpeer-review

2 Citations (Scopus)

Abstract

Purpose: The purpose of this study is to identify the critical success factors to international ship finance centre (ISFC) and to understand the reasons behind ship financing decision by shipowners and their views on the potential of Shanghai to become an ISFC in the near future. Design/methodology/approach: Survey questionnaire and follow-up interviews were conducted. The survey of this study was conducted by firstly sending online questionnaire with interview questions via email and then carrying out interview either on telephone or in-person with the interview questions to collect factual data and views from individual interviewees. Findings: This study identified governmental support and stable policy, sound and favourable legal system, advanced maritime cluster and dynamic source of finance as critical success factors which can help Shanghai to evolve into an international maritime centre with dual function as an ISFC which is a synthesis with the maritime sector of an international finance centre. Originality/value: This paper is known to be the first to link international maritime centre with ISFC.

Original languageEnglish
Pages (from-to)40-54
Number of pages15
JournalMaritime Business Review
Volume1
Issue number1
DOIs
Publication statusPublished - 25 Apr 2016

Keywords

  • Critical success factors
  • International maritime centre
  • International ship finance centre

ASJC Scopus subject areas

  • Business and International Management
  • Transportation
  • Strategy and Management
  • Management of Technology and Innovation

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