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Implementation Of Environmental Management Systems Standards: Important Factors In Corporate Decision Making

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  • KONSTANTINOS I. EVANGELINOS

    (Environmental Policy & Management Group, Department of Environmental Science and Technology, Imperial College of Science, Technology and Medicine, 4th Floor Royal School of Mines Building, London, SW7 2BP, London)

  • GEORGE E. HALKOS

    (Department of Economics, University of Thessaly, Volos Greece)

Abstract

While environmental management systems standards (EMSS) have been advocated by policy makers and consultants on the basis of a number of benefits associated with their implementation, some companies are reluctant to implement them. This paper tests four hypotheses with regard to the significance of a number of factors in a company's decision to implement EMSS. Specifically, it assesses whether a company would be more likely to implement EMSS if its management has a positive perception of environmental issues; if there are pressures on the company to improve its environmental performance; if opportunities arise through its environmental activities; and if it operates in sensitive environmental conditions. For this purpose, Greek companies in the process of EMSS implementation were surveyed and their responses compared with companies that had not decided up to that point to implement the standards. Specific aspects of the hypotheses posed were supported and confirmed a range of factors that are important in a company's decision to implement EMSS.

Suggested Citation

  • Konstantinos I. Evangelinos & George E. Halkos, 2002. "Implementation Of Environmental Management Systems Standards: Important Factors In Corporate Decision Making," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 4(03), pages 311-328.
    • Handle: RePEc:wsi:jeapmx:v:04:y:2002:i:03:n:s1464333202001030
    DOI: 10.1142/S1464333202001030
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    References listed on IDEAS

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    1. Seema Arora & Timothy N. Cason, 1996. "Why Do Firms Volunteer to Exceed Environmental Regulations? Understanding Participation in EPA's 33/50 Program," Land Economics, University of Wisconsin Press, vol. 72(4), pages 413-432.
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    Cited by:

    1. Halkos, George & Papageorgiou, George, 2016. "Optimal abatement and taxation for internalizing externalities: A dynamic game with feedback strategies," MPRA Paper 74467, University Library of Munich, Germany.
    2. Facundo Albornoz & Matthew A. Cole & Robert J. R. Elliott & Marco G. Ercolani, 2009. "In Search of Environmental Spillovers," The World Economy, Wiley Blackwell, vol. 32(1), pages 136-163, January.
    3. Gyorgy Malovics & Gabor Racz & Sascha Kraus, 2007. "The role of environmental management systems in Hungary - Theoretical and empirical insights," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 12(3), pages 180-204.
    4. Halkos, George E. & Tsilika, Kyriaki D., 2017. "Climate change effects and their interactions: An analysis aiming at policy implications," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 140-146.
    5. Halkos, George & Petrou, Kleoniki Natalia, 2017. "Regional environmental efficiency in waste generation," MPRA Paper 81237, University Library of Munich, Germany.
    6. repec:bla:jomstd:v:44:y:2007:i:4:p:506-535 is not listed on IDEAS
    7. Christin Seifert & Edeltraud Guenther, 2020. "Who cares?—Stakeholder relevance for voluntary environmental management in hospitals," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1786-1799, July.
    8. Halkos, George & Polemis, Michael, 2016. "The good, the bad and the ugly? Balancing environmental and economic impacts towards efficiency," MPRA Paper 72132, University Library of Munich, Germany.
    9. Halkos, George & Nomikos, Stylianos, 2021. "Business concerns regarding environmental responsibility," MPRA Paper 105330, University Library of Munich, Germany.
    10. Halkos, George & Tsilika, Kyriaki, 2016. "Climate change impacts: Understanding the synergetic interactions using graph computing," MPRA Paper 75037, University Library of Munich, Germany.
    11. Halkos, George, 2020. "Examining the level of competition in the energy sector," MPRA Paper 98343, University Library of Munich, Germany.
    12. repec:ids:ijsuse:v:2:y:2010:i:3:p:293-309 is not listed on IDEAS
    13. Halkos, George & Zisiadou, Argyro, 2016. "Environmental performance index and economic welfare," MPRA Paper 75561, University Library of Munich, Germany.
    14. Teodor Hada & Nicoleta Bărbuţă-Mişu & Teodora Maria Avram, 2019. "Theoretical and Practical Approaches to Environmental Performance," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 145-156.
    15. Anderson Gwanyebit Kehbila & Jürgen Ertel & Alan Colin Brent, 2009. "Strategic corporate environmental management within the South African automotive industry: motivations, benefits, hurdles," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 16(6), pages 310-323, November.
    16. Halkos, George & Skouloudis, Antonis, 2016. "Cultural dimensions and corporate social responsibility: A cross-country analysis," MPRA Paper 69222, University Library of Munich, Germany.
    17. Anderson Gwanyebit Kehbila & Jürgen Ertel & Alan Colin Brent, 2010. "Corporate sustainability, ecological modernization and the policy process in the South African automotive industry," Business Strategy and the Environment, Wiley Blackwell, vol. 19(7), pages 453-465, November.
    18. Halkos, George & Petrou, Kleoniki Natalia, 2018. "A critical review of the main methods to treat undesirable outputs in DEA," MPRA Paper 90374, University Library of Munich, Germany.
    19. Adrienn Reisinger, 2023. "Challenges in the CSR-Competitiveness Relationship Based on the Literature," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 22(1), pages 104-125.

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    More about this item

    Keywords

    ISO 14001; EMAS; EMSS; decision making; environmental management; Greece;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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