G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15291
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
URLhttps://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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