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Corporate social responsibility disclosure: The case of international shipping

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  • Drobetz, Wolfgang
  • Merikas, Andreas
  • Merika, Anna
  • Tsionas, Mike G.

Abstract

Based on practices and legislation in the shipping industry, we construct a corporate social responsibility (CSR) disclosure index for listed shipping companies. We use Markov Chain Monte Carlo (MCMC) techniques for Bayesian inference, and we estimate the marginal effects of firm characteristics on CSR disclosure for each firm. Our results show a positive relationship between CSR disclosure and financial performance for each firm in our international sample. Firm size, financial leverage, and ownership structure are also associated with CSR disclosure. Our findings suggest that a majority of listed shipping companies have integrated CSR practices into their strategic planning and operations.

Suggested Citation

  • Drobetz, Wolfgang & Merikas, Andreas & Merika, Anna & Tsionas, Mike G., 2014. "Corporate social responsibility disclosure: The case of international shipping," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 71(C), pages 18-44.
  • Handle: RePEc:eee:transe:v:71:y:2014:i:c:p:18-44 DOI: 10.1016/j.tre.2014.08.006
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    Cited by:

    1. Yuen, Kum Fai & Thai, Vinh V. & Wong, Yiik Diew, 2017. "Corporate social responsibility and classical competitive strategies of maritime transport firms: A contingency-fit perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 98(C), pages 1-13.
    2. Yuen, Kum Fai & Thai, Vinh V. & Wong, Yiik Diew, 2016. "The effect of continuous improvement capacity on the relationship between of corporate social performance and business performance in maritime transport in Singapore," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 95(C), pages 62-75.

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