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

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  • 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
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    File URL: https://mpra.ub.uni-muenchen.de/33541/1/MPRA_paper_33541.pdf
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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. Halkos, George & Petrou, Kleoniki Natalia, 2017. "Regional environmental efficiency in waste generation," MPRA Paper 81237, University Library of Munich, Germany.
    4. 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.
    5. 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.
    6. Halkos, George & Tsilika, Kyriaki, 2016. "Climate change impacts: Understanding the synergetic interactions using graph computing," MPRA Paper 75037, 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. Halkos, George & Zisiadou, Argyro, 2016. "Environmental performance index and economic welfare," MPRA Paper 75561, University Library of Munich, Germany.
    9. Halkos, George & Skouloudis, Antonis, 2016. "Cultural dimensions and corporate social responsibility: A cross-country analysis," MPRA Paper 69222, University Library of Munich, Germany.

    More about this item

    Keywords

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

    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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