Evading Corporate Responsibilities: Evidence from the Shipping Industry

Guillaume Vuillemey
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引用次数: 7

Abstract

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.
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逃避企业责任:来自航运业的证据
我指出,海运业——处理全球贸易流量的80%以上——在过去几十年里已经发展到有系统地逃避“企业责任”,即遵守监管标准和潜在的侵权责任。航运公司越来越多地将合法所有权和最终所有权分离开来,将资产分散在一艘船的子公司中,使用方便旗,并用“最后一次航行旗”逃避生命终结责任。微观经济学测试证实,在全球竞争中,逃避责任是这些模式背后的主要动机。这些发现对我们理解企业社会责任、扩展形式的责任以及全球化的“阴暗面”具有启示意义。
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