search query: @indexterm management system / total: 167
reference: 20 / 167
| Author: | Sinclair-Desgagne, B. Gabel, H. L. |
| Title: | Environmental Auditing in Management Systems and Public Policy |
| Journal: | Journal of Environmental Economics and Management
1997 : JUL, Vol. 33:3, 331-346 |
| Index terms: | AUDITING ENVIRONMENTAL ECONOMICS MANAGEMENT SYSTEM |
| Language: | eng |
| Abstract: | New international standards for environmental auditing are now being actively promoted by public authorities and adopted by private firms. One important feature of these standards is their emphasis on managerial systems and incentives that support a wiser use of environmental resources. this paper studies such a system, in which incentive compensation may be based in part on the results of an environmental audit. It is found that optimal wages after an environmental audit is performed should have a greater range than wages paid when no audit has occurred. It is also shown that the decision to conduct an environmental audit and the size of the expected wage in this case depend crucially on whether the agent's prudence (or precautionary motives) dominates his aversion to risk. |
SCIMA