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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15291 |
DP15291 Evading Corporate Responsibilities: Evidence from the Shipping Industry | |
Guillaume Vuillemey | |
发表日期 | 2020-09-13 |
出版年 | 2020 |
语种 | 英语 |
摘要 | I show that the maritime shipping industry - handling above 80% of global trade flows - has evolved over the past decades to systematically evade "corporate responsibilities," i.e., compliance with regulatory standards and potential tort liabilities. Shipping firms increasingly dissociated legal and ultimate ownership, fragmented assets in one-ship subsidiaries, used flags of convenience, and evaded end-of-life responsibilities with "last-voyage flags." Microeconomic tests confirm that responsibility evasion, amidst global competition, is a dominant motive behind these patterns. These findings have implications for our understanding of corporate social responsibility, of extended forms of liability, and of the "dark side" of globalization. |
主题 | Financial Economics |
关键词 | Corporate social responsibility Shipping Flags of convenience Limited liability Subsidiary Globalization |
URL | https://cepr.org/publications/dp15291 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544268 |
推荐引用方式 GB/T 7714 | Guillaume Vuillemey. DP15291 Evading Corporate Responsibilities: Evidence from the Shipping Industry. 2020. |
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