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| Author: | Robinson, C. |
| Title: | Can we reconcile finance with nature? |
| Journal: | International Review of Financial Analysis
1996 : VOL. 5:3, p. 185-195 |
| Index terms: | FINANCIAL ANALYSIS FOREIGN EXCHANGE FINANCE ECOLOGY |
| Language: | eng |
| Abstract: | The unanimity principle that underlies financial decision-making rules isthetically unacceptable and empirically invalid. Ecological sustainability requires radically different decision rules. This paper discusses three possible methods: life cycle analysis; full cost (or total cost) accounting; and non-quantitative accountability. Once decision-makers abandon the unrealistic and invalid assumptions of the unanimity models, no theoretically correct model is possible. |
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