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Environmental Investment (environmental + investment)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting57%

Selected Abstracts

ENVIRONMENTAL CONSCIOUSNESS, REPUTATION AND VOLUNTARY ENVIRONMENTAL INVESTMENT

AUSTRALIAN ECONOMIC PAPERS, Issue 2 2009
CHIA-YING LIU
This note attempts to explore the driving force behind firms' voluntary environmental investment and to provide an alternative viewpoint to the traditional notion of environmental investment. We show that, if consumers are environmentally conscious, then firms' environmental investment will enhance their environmentally-based reputation and effectively stimulate consumer demand for the product. Thus, some firms will voluntarily engage in environmental investment. In addition, it is also found that when consumers become more environmentally conscious, in the steady state a high level of environmental investment may be associated with higher output. This result potentially provides an explanation as to why environmental quality may increase with output. [source]

Healthy Country, Healthy People: Policy Implications of Links between Indigenous Human Health and Environmental Condition in Tropical Australia

AUSTRALIAN JOURNAL OF PUBLIC ADMINISTRATION, Issue 1 2009
Stephen T. Garnett
Investment in programs that help Indigenous people undertake work maintaining the environmental health of their country has benefits for the environment as well as the physical, mental and cultural health of the Indigenous people involved. For health these findings have direct implications for some national health policies, service provision to homelands, health promotion and Indigenous health research. There are also direct implications for environmental investment in northern Australia and the design and regulation of markets in resource entitlements. Indirectly the findings should be important for economic, employment and education policies as well as those promoting social harmony. Given the range of benefits there is a strong argument for cross-agency investment in working on country by Indigenous people. [source]

Environmental practices and the value added of horticultural firms

BUSINESS STRATEGY AND THE ENVIRONMENT, Issue 6 2004
José Céspedes-Lorente
This paper explores the relationship between environmental management and productivity in the fruit and vegetable sector. Our empirical analysis focuses on the effect of environmental practices on the value added in horticultural firms of Andalusia. These practices are included in the incentive programmes established by the Common Agricultural Policy on a voluntary basis. Taking the investment in environmental activities as knowledge capital, we propose a specific analysis that evaluates the effect of the factors of the production function on the value added. Our results show a positive overall impact of environmental investment on the product's market value. We conclude that there is a direct link between environmental management and productivity in the sector under study. Copyright © 2004 John Wiley & Sons, Ltd and ERP Environment. [source]

Choosing strategic responses to address emerging environmental regulations: size, perceived influence and uncertainty

BUSINESS STRATEGY AND THE ENVIRONMENT, Issue 8 2008
Bruce Clemens
Abstract How companies respond to impending regulations is a significant aspect of corporate strategy. Regulations, especially environmental regulations, are expanding quickly and increasingly important to firm success. The threat of impending environmental regulation forces companies to choose levels of strategic responses on a continuum from passive to active. Using practitioner oriented research and existing theoretical models of corporate response, this study finds that the type of strategic response is negatively related to size, positively related to state uncertainty and negatively related to effect/response uncertainty. Based on existing literature and the results of this study, the paper suggests that simplifying the uncertainty construct could lead to more definitive findings in future research. The study results also suggest that a curvilinear relationship may exist between managerial perception of influence and level of strategic response. Most importantly, the findings could have a significant impact on firm decision making regarding environmental investments. For example, it is hoped that firms will be able to use the findings of this study to further understand and anticipate their competitors' decisions. Practitioners may also benefit from the conclusions on uncertainty in that they may be able to more cleanly parse the types of uncertainty immersed in impending environmental regulations. Finally, firms may be better able to understand decisions by their own managers and their competitors' managers in terms of their perceived influence over the regulatory process. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment. [source]

Does corporate environmental protection increase or decrease shareholder value?

BUSINESS STRATEGY AND THE ENVIRONMENT, Issue 4 2001
The case of environmental investments
This study examines share price effects of environmental investments using data from the Finnish forest industry from 1970 to 1996. The results indicate that the instantaneous market reaction is negative, and that the larger the investment, the larger the fall in prices. However, contrary to the view that corporate actions have a permanent effect on firm value, we observe rapid price recovery after the instantaneous negative reaction. This may support a hypothesis that environmental investments create goodwill for the investing firms and are thus not negative net present value investments. Unexpectedly, we find that the instantaneous negative market reaction was stronger in the most recent sample years. Explanations for this finding relate to the slowness of institutional change within the financial community as well as to the growing share of international investors seeking short-term holding gains. In conclusion, it appears that not only finance theory but also notions from institutional theory and corporate environmental management literature are needed to explain stock price behaviour in conjunction with environmental investments. Copyright © 2001 John Wiley & Sons, Ltd and ERP Environment [source]