IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/33541.html
   My bibliography  Save this paper

Implementation of environmental management systems standards: important factors in corporate decision-making

Author

Listed:
  • Halkos, George

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

  • Halkos, George, 2001. "Implementation of environmental management systems standards: important factors in corporate decision-making," MPRA Paper 33541, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:33541
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/33541/1/MPRA_paper_33541.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. Halkos, George & Petrou, Kleoniki Natalia, 2017. "Regional environmental efficiency in waste generation," MPRA Paper 81237, University Library of Munich, Germany.
    4. 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.
    5. Halkos, George & Tsilika, Kyriaki, 2016. "Climate change impacts: Understanding the synergetic interactions using graph computing," MPRA Paper 75037, University Library of Munich, Germany.
    6. Halkos, George, 2020. "Examining the level of competition in the energy sector," MPRA Paper 98343, University Library of Munich, Germany.
    7. Herwig Winkler, 2010. "Sustainability through the implementation of sustainable supply chain networks," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 2(3), pages 293-309.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. 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.
    13. 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.
    14. Anja Schaefer, 2007. "Contrasting Institutional and Performance Accounts of Environmental Management Systems: Three Case Studies in the UK Water & Sewerage Industry," Journal of Management Studies, Wiley Blackwell, vol. 44(4), pages 506-535, June.
    15. 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.
    16. Halkos, George & Nomikos, Stylianos, 2021. "Business concerns regarding environmental responsibility," MPRA Paper 105330, University Library of Munich, Germany.
    17. Halkos, George & Zisiadou, Argyro, 2016. "Environmental performance index and economic welfare," MPRA Paper 75561, University Library of Munich, Germany.
    18. Halkos, George & Skouloudis, Antonis, 2016. "Cultural dimensions and corporate social responsibility: A cross-country analysis," MPRA Paper 69222, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kube, Roland & von Graevenitz, Kathrine & Löschel, Andreas & Massier, Philipp, 2019. "Do voluntary environmental programs reduce emissions? EMAS in the German manufacturing sector," Energy Economics, Elsevier, vol. 84(S1).
    2. Blackman, Allen & Guerrero, Santiago, 2012. "What drives voluntary eco-certification in Mexico?," Journal of Comparative Economics, Elsevier, vol. 40(2), pages 256-268.
    3. Susan A. Kayser & John W. Maxwell & Michael W. Toffel, 2014. "Supply chain screening without certification: The critical role of stakeholder pressure," Working Papers 2014-08, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    4. Roeland Bracke & Tom Verbeke, 2007. "What Distinguishes EMAS Participants? An Exploration of Company Characteristics," Working Papers 2007.37, Fondazione Eni Enrico Mattei.
    5. Arora, Seema, 2000. "Green and Competitive? Evidence from the Stock Market," Research Papers 1650, Stanford University, Graduate School of Business.
    6. Gangadharan, Lata, 2006. "Environmental compliance by firms in the manufacturing sector in Mexico," Ecological Economics, Elsevier, vol. 59(4), pages 477-486, October.
    7. Lily Hsueh, 2019. "Voluntary climate action and credible regulatory threat: evidence from the carbon disclosure project," Journal of Regulatory Economics, Springer, vol. 56(2), pages 188-225, December.
    8. Anton, W.R.Q.Wilma Rose Q. & Deltas, George & Khanna, Madhu, 2004. "Incentives for environmental self-regulation and implications for environmental performance," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 632-654, July.
    9. Stefan Ambec & Paul Lanoie, 2007. "When and Why Does It Pay To Be Green?," CIRANO Working Papers 2007s-20, CIRANO.
    10. Magnus Söderberg & Makoto Tanaka, 2012. "Spatial price homogeneity as a mechanism to reduce the threat of regulatory intervention in locally monopolistic sectors," Working Papers hal-00659458, HAL.
    11. Kline, Jeffrey D. & Alig, Ralph J. & Johnson, Rebecca L., 2000. "Forest owner incentives to protect riparian habitat," Ecological Economics, Elsevier, vol. 33(1), pages 29-43, April.
    12. Seong‐gin Moon, 2008. "Corporate Environmental Behaviors in Voluntary Programs: Does Timing Matter?," Social Science Quarterly, Southwestern Social Science Association, vol. 89(5), pages 1102-1120, December.
    13. Eric W. Welch & Allan Mazur & Stuart Bretschneider, 2000. "Voluntary behavior by electric utilities: Levels of adoption and contribution of the climate challenge program to the reduction of carbon dioxide," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 19(3), pages 407-425.
    14. Lata Gangadharan, 2001. "Compliance in environmental markets," Applied Economics Letters, Taylor & Francis Journals, vol. 8(10), pages 641-644.
    15. Shimshack, Jay P. & Ward, Michael B., 2008. "Enforcement and over-compliance," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 90-105, January.
    16. Martina Vidovic & Neha Khanna, 2012. "Is Voluntary Pollution Abatement in the Absence of a Carrot or Stick Effective? Evidence from Facility Participation in the EPA’s 33/50 Program," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(3), pages 369-393, July.
    17. Jennifer DeBoer & Rajat Panwar & Jorge Rivera, 2017. "Toward A Place‐Based Understanding of Business Sustainability: The Role of Green Competitors and Green Locales in Firms' Voluntary Environmental Engagement," Business Strategy and the Environment, Wiley Blackwell, vol. 26(7), pages 940-955, November.
    18. Gary T. Henry & Craig S. Gordon, 2003. "Driving less for better air: Impacts of a public information campaign," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 22(1), pages 45-63.
    19. Seong‐gin Moon & Suho Bae & Moon‐Gi Jeong, 2014. "Corporate Sustainability and Economic Performance: an Empirical Analysis of a Voluntary Environmental Program in the USA," Business Strategy and the Environment, Wiley Blackwell, vol. 23(8), pages 534-546, December.
    20. Marion Allet & Marek Hudon, 2015. "Green Microfinance: Characteristics of Microfinance Institutions Involved in Environmental Management," Journal of Business Ethics, Springer, vol. 126(3), pages 395-414, February.

    More about this item

    Keywords

    ISO 14001; EMAS; Greek industry; decision-making;
    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33541. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.