Is the European shipping industry aware of corporate social responsibility? The case of the Greek-owned short sea shipping companies

Fafaliou, Irene; Λεκάκου, Μαρία; Theotokas, Ioannis

doi:10.1016/j.marpol.2005.03.003

Cited by 70 publications

(54 citation statements)

References 5 publications

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“…Thus, each company is only evaluated in terms of the data relevant to its industry sector and this is the main advantage of the Bloomberg's approach in relation to prior empirical studies. Thus, each company is only evaluated in terms of the data relevant to its industry sector, as each one has unique concerns (Fafaliou et al, 2006;Pan et al, 2014). Bloomberg's transparency limitations regarding its methodology could be explained, as it can easily be imitated by their competitors and could lose its competitive edge (Delmas and Blass, 2010).…”

Section: Model Developmentmentioning

confidence: 99%

The impact of corporate social responsibility on financial performance

Giannarakis

Konteos²,

Zafeiriou

et al. 2016

Investment Management and Financial Innovations

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This study investigates whether corporate social responsibility (CSR) affects the financial performance of the United States (US) companies. In particular, the impact of CSR on financial performance is investigated in terms of involvement in socially responsible initiatives instead of outcome. The Environmental, Social and Governance disclosure score as calculated by Bloomberg is used as a proxy for corporate involvement in socially responsible initiatives. Fixed effects regression is employed to estimate the relationship between the extent of corporate social disclosure (CSD) and financial performance using the data of listed companies on the Standard & Poor's 500 during the period 2009-2013. The results suggest that the involvement in socially responsible initiatives has a significantly positive effect on financial performance. In addition, the control variables, such as total compensation to directors, CEO duality and women presence on board are statistically significant to financial performance. It is important to incorporate a longer period in order to validate the positive relationship between CSR and financial performance, whilst the sample is focused on large in size US companies. This study chose to approach the topic from a different angle in order to provide an alternate perspective on this issue taking into account the involvement of socially responsible initiatives via CSD.

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Section: Model Developmentmentioning

confidence: 99%

The impact of corporate social responsibility on financial performance

Giannarakis

Konteos²,

Zafeiriou

et al. 2016

Investment Management and Financial Innovations

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“…the gap between concrete actions and symbolic Bgreen^talk (Lyon and Montgomery 2015), as well as the extent to which CSR practices have been effective in changing industry practices, has remained unclear and is continuously debated (Aguilera et al 2007;McWilliams et al 2006;Ranängen and Zobel 2014). Similarly, in the shipping industry, the extent to which companies have understood the benefits of CSR practices, as well as the extent to which these can be beneficial, for example, in increasing safety or protecting the environment, is not always clear and there is limited empirical data on the benefits of CSR for shipping businesses (Fafaliou et al 2006).…”

Section: Csr In the Shipping Industrymentioning

confidence: 99%

“…Several authors have discussed the role of self-regulation and voluntary actions, such as corporate social responsibility (CSR) practices, in the shipping industry (Fafaliou et al 2006;Wuisan et al 2012;Yliskylä-Peuralahti et al 2015). CSR activities are voluntary initiatives that provide industries and companies with one way to account for environmental and social issues in their economic activities (Aguilera et al 2007; Aguinis and Glavas 2012;Dahlsrud 2008;McWilliams et al 2006).…”

Section: Introductionmentioning

confidence: 99%

How can stakeholders promote environmental and social responsibility in the shipping industry?

Parviainen

Lehikoinen

Kuikka

et al. 2017

WMU J Marit Affairs

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The highly globalized and competitive nature of the shipping industry poses serious governance challenges. Recently, the use of voluntary measures, such as corporate social responsibility (CSR) initiatives, has been explored in terms of moving towards environmentally and socially responsible as well as safe shipping industry practices. Limited attention has been paid on the role of stakeholders such as consumers, employees, NGOs, and academia in pressuring the shipping industry towards greater environmental and social responsibility. Here, by applying stakeholder theory and drawing on examples of already materialized stakeholder actions and multistakeholder initiatives, we study the potential ways that stakeholders can promote CSR in the shipping industry: we explore the resource dependencies between stakeholders, the stakeholder influence strategies, and the importance of multi-stakeholder pressure. We show that stakeholders can gain more power by using indirect strategies such as working via and/or in alliances with NGOs, trade unions, banks and financers, and/or different national or international regulatory bodies, as well as with the industry itself. Our results reveal the potential of multi-stakeholder pressure and action to promote the adoption of CSR activities, support the transparency, legitimacy, and enforcement of the practices, as well as widen the scope and focus of CSR initiatives and practices by focusing on a broad range of social and environmental issues. Finally, stakeholder pressure can push towards improved regulations. The study suggests that increased attention needs to be paid on the multi-stakeholder demands, especially considering the accentuated importance of effective maritime governance in the future.

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“…Also, surveys are used to gather qualitative data (e.g. [37]), as are in-depth interviews (e.g [25,38]), and sometimes qualitative approaches such as interviews are used in quantitative methods (e.g. the Clinical Risk and error Analysis method [34]).…”

Section: Researching Port Safetymentioning

confidence: 99%

Maintaining and researching port safety: a case study of the port of Kaohsiung

Tseng

Pilcher

2017

Eur. Transp. Res. Rev.

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Introduction Maintaining port safety in full conformity with IMO standards is a requisite for every port and country. To do this, understanding the challenges and human factors involved is key. To date, much research has shed valuable light on these factors and considered how to address them. One aspect that is often noted is that both maintaining port safety and researching port safety presents numerous challenges. This paper considers both these aspects in the context of a case study of port safety in Kaohsiung port, Taiwan. Methods Historical data and data from in-depth interviews with port operators and government officials are presented, analysed, and discussed alongside the literature. Results and conclusion In the spirit of case study research, discussion and conclusions of the data are used to generate theory for consideration in ways to approach research in the field. Specifically, more holistic large scale research is recommended into how port safety is maintained, to explore the interdependencies of the factors involved to help improve port safety and complement and sit alongside our current understandings of it. Suggestions for how this research can be approached are made.

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Is the European shipping industry aware of corporate social responsibility? The case of the Greek-owned short sea shipping companies

Cited by 70 publications

References 5 publications

The impact of corporate social responsibility on financial performance

The impact of corporate social responsibility on financial performance

How can stakeholders promote environmental and social responsibility in the shipping industry?

Maintaining and researching port safety: a case study of the port of Kaohsiung

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