Discussion Paper 003
A Commentary on Maritime Entrepreneurship and Finance in the 19th Century: The Case of the Captain Entrepreneur Hatzi Antonis Markoulis
Athens University of Economics and Business
We present a quantitative analysis of the profitability versus the risks involved in a well documented shipping enterprise in the Greek island of Andros towards the end of the 18th century. The analysis shows the relative importance of the financing decisions on profitability and risks, and draws parallels with modern equity investment practices.
Evangelos F. Magirou (PhD, MS) is Professor of Operations Research in the Department of Informatics at the Athens University of Economics and Business, currently chairing the Department. He also chairs the Graduate Program in Business Mathematics which is jointly organized by the University of Athens and the Athens University of Economics and Business. His research interests are in optimization, game theory and the applications of operations research in the fields of energy, finance and maritime management. He has served in the Board of the Public Power Corporation of Greece.
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