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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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    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. 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. 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.
    14. 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.
    15. Halkos, George & Nomikos, Stylianos, 2021. "Business concerns regarding environmental responsibility," MPRA Paper 105330, University Library of Munich, Germany.
    16. Halkos, George & Zisiadou, Argyro, 2016. "Environmental performance index and economic welfare," MPRA Paper 75561, University Library of Munich, Germany.
    17. Halkos, George & Skouloudis, Antonis, 2016. "Cultural dimensions and corporate social responsibility: A cross-country analysis," MPRA Paper 69222, University Library of Munich, Germany.

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    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

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