Evaluating Market Structure, Firm Behavior, And Sustainability In The Maritime Industry Using Scp Framework
DOI:
https://doi.org/10.59725/de.v32i1.120Keywords:
Maritime Industry, SCP Framework, Corporate Environmental Responsibility, Sustainability, Green TechnologiesAbstract
The maritime industry plays a critical role in global trade but faces growing pressure to integrate environmental sustainability into its operations. This research analyzes the industry using the Structure-Conduct-Performance (SCP) framework to understand the relationship between market structure, firm behavior, and both economic and environmental performance. The study provides original value by extending the traditional SCP model to include environmental sustainability, addressing a critical gap in previous research. Key research questions include how market concentration, regulatory compliance, corporate environmental responsibility (CER), and technological innovation affect both profitability and sustainability. Using qualitative data from industry professionals and maritime educators, the analysis highlights that proactive regulatory compliance and high CER commitment drive superior economic and environmental outcomes. Firms that invest in green technologies enjoy enhanced performance, while those prioritizing short-term profits struggle with long-term competitiveness. The results offer practical insights for policymakers and industry leaders, emphasizing the need for inclusive market structures and stronger regulatory frameworks to support sustainability across the sector.
References
Andersson, K., & Iakovou, E. (2020). Green shipping: Opportunities and challenges. Maritime Policy & Management, 47(6), 831–844. https://doi.org/10.1080/03088839.2020.1748508
Bain, J. S. (1951). Relation of profit rate to industry concentration: American manufacturing, 1936–1940. Quarterly Journal of Economics, 65(3), 293–324.
Bakshi, P., & Arora, P. (2022). Corporate environmental responsibility and its impact on financial performance: Evidence from the shipping industry. Journal of Cleaner Production, 331, 129907. https://doi.org/10.1016/j.jclepro.2021.129907
Bouman, E. A., Lindstad, E., Rialland, A., & Strømman, A. H. (2021). State-of-the-art technologies and measures for GHG reductions in shipping. Transportation Research Part D: Transport and Environment, 58, 100814. https://doi.org/10.1016/j.trd.2021.100814
Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77–101. https://doi.org/10.1191/1478088706qp063oa
Chang, Y. T., Lee, J., & Zhang, L. (2021). Environmental regulations and green shipping technologies: A game-theoretic analysis. Transportation Research Part D: Transport and Environment, 92, 102704. https://doi.org/10.1016/j.trd.2021.102704
Cullinane, K., Bergqvist, R., & Hilling, D. (2019). The role of regulatory frameworks in green shipping. Maritime Economics & Logistics, 21(1), 1–17. https://doi.org/10.1057/s41278-019-00132-4
Fagerberg, J., Martin, B. R., & Andersen, E. S. (2020). Innovation policy: Towards a research agenda. Research Policy, 49(1), 103869. https://doi.org/10.1016/j.respol.2019.103869
International Maritime Organization (IMO). (2021). Fourth IMO greenhouse gas study 2020. International Maritime Organization. https://www.imo.org
Kallio, H., Pietilä, A. M., Johnson, M., & Kangasniemi, M. (2016). Systematic methodological review: Developing a framework for a qualitative semi-structured interview guide. Journal of Advanced Nursing, 72(12), 2954–2965. https://doi.org/10.1111/jan.13031
Notteboom, T., Pallis, A. A., & Rodrigue, J. P. (2020). Port economics, management, and policy. Routledge.
Papanikolaou, A., & Shinohara, K. (2021). Technological advancements in shipbuilding for sustainability. Ocean Engineering, 234, 109295. https://doi.org/10.1016/j.oceaneng.2021.109295
Psaraftis, H. N., & Kontovas, C. A. (2020). Decarbonization of maritime transport: Is there light at the end of the tunnel? Ocean Engineering, 12, 102316. https://doi.org/10.1016/j.oceaneng.2020.102316
Roe, M., Dinwoodie, J., & Wu, Y. (2021). Strategic environmental sustainability decision-making in shipping. Sustainability, 13(6), 3211. https://doi.org/10.3390/su13063211
Shi, W., Wang, X., & Song, D. P. (2022). Emissions trading and its impacts on the maritime industry. Maritime Policy & Management, 49(1), 29–45. https://doi.org/10.1080/03088839.2021.1927608
Smith, T., Jalkanen, J.-P., Anderson, B., Corbett, J. J., Faber, J., Hanayama, S., ... & Pandey, A. (2021). Third IMO GHG study 2020. International Maritime Organization.
Stopford, M. (2020). Maritime economics (4th ed.). Routledge.
Santoso, S., Kusnanto, E., & Saputra, M. R. (2022). Perbandingan metode pengumpulan data dalam penelitian kualitatif dan kuantitatif serta aplikasinya dalam penelitian akuntansi interpretatif. OPTIMAL Jurnal Ekonomi dan Manajemen, 2(3), 351-360.
