Centre for Maritime Logistics, Economics and Finance (CEMLEF)
The Centre for Maritime Logistics, Economics and Finance is globally recognised for its unique contribution to the development and understanding of the maritime logistics, economics and financial sectors.
This reputation is a result of academic, industrial and commercial links and collaborations - spanning over 100 countries across the globe - since the centre's formation in 2008.
CEMLEF staff are internationally focused, both in terms of their origins and their research. This is reflected in the work that is currently underway and has recently been completed with such diverse bodies as the United Nations, the European Union, the Arab League, a plethora of national governments, and a variety of international charities/ corporations, non-governmental organisations (NGOs) and local government bodies.
Individuals also act as advisors to a number of national and international government bodies on the practical and theoretical consideration of the maritime logistics, economics and financial sectors, providing the essential link between research and practice.
The central vision of the CEMLEF is to take forward the principles of sustainable enterprise which form a core of the University's research strategy to synthesise knowledge generation, knowledge transfer, social science underpinning, practice and skills development through interdisciplinary research both within the social sciences and beyond, and apply them in the areas of logistics, economics and finance.
The Centre includes three specific, distinct but inter-related strands:
- International Logistics: The governance of international logistics and supply chain management in a sustainable and globalised environment. Research is focussed upon the developing and transitional economies which by definition are commonly geographically, socially, politically and economically peripheral to centres of decision-making and wealth. This key theme therefore concentrates upon international logistics and supply chain management, developing/transitional economies and peripherality; and how they interact in the context of globalisation, sustainability, governance, risk and security.
- Economics: Research focuses on three inter-related themes: environmental sustainability, regional growth and international policy evaluation. Recent projects have examined environmental policy in open economies; environmental taxation and the economics of energy efficiency; spatial aspects of economic diversity, technological spillovers and personal insolvency; the evaluation of EU regional policy and optimal international environmental agreements.
- Finance: The governance of risk management and financial derivatives; exchange risk; risk premia across stock markets; value relevance; gearing in the UK; business risks in emerging markets; competitive advantage; banking systems; capital structures and abnormal earnings; international dividend policies in the context of a globalised and sustainable market for finance; oil pricing and shipping finance; international equities and corporate governance.
This research focus upon sustainability, governance, risk, the logistics and supply chain management sector, economics and finance in an increasingly globalised world, is intensely international interdisciplinary and enterprise orientated with a strong theoretical and practical basis.