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Tekijä: | Figge, F. |
Otsikko: | Value-based environmental management. From environmental shareholder value to environmental option value |
Lehti: | Corporate Social Responsibility and Environmental management
2005 : MAR, VOL. 12:1, p. 19-30 |
Asiasana: | Environment Shareholder value Value analysis |
Kieli: | eng |
Tiivistelmä: | This article studies the effects of environmental management on shareholder value. The author expands the usual net present value approach with the concept of option value which creates flexibility that allows companies to shield themselves from the effects of possible future environmental and social shocks. |
SCIMA