Environmental shareholder value. Economic success with corporate environmental management

S. Schaltegger, Frank Figge

Research output: Contribution to journalArticle

Abstract

The links between corporate environmental protection and economic success have been analysed vigorously in several theoretical and empirical studies. Most studies are based on the hypothesis that the amount of environmental protection is somehow - negatively or positively - correlated with the economic success of the company. We argue that the amount of corporate environmental protection per se neither spurs nor reduces shareholder value, which is maybe the most important measure of economic success at present. Moreover, the effect environmental protection exerts on shareholder value is determined by the manner in which corporate environmental management is practised. Referring to the value drivers of shareholder value, we discuss the characteristics necessary to increase shareholder value, or at least to contain any reduction as effectively as possible.
Original languageEnglish
Pages (from-to)29-42
Number of pages14
JournalEco-Management and Auditing
Volume7
Publication statusPublished - 2000

Fingerprint

Economics
Shareholder value
Corporate environmental management
Environmental protection
Empirical study
Value drivers
Environmental economics

Cite this

@article{cc7a16205f5844e49beb85d6ba14c088,
title = "Environmental shareholder value. Economic success with corporate environmental management",
abstract = "The links between corporate environmental protection and economic success have been analysed vigorously in several theoretical and empirical studies. Most studies are based on the hypothesis that the amount of environmental protection is somehow - negatively or positively - correlated with the economic success of the company. We argue that the amount of corporate environmental protection per se neither spurs nor reduces shareholder value, which is maybe the most important measure of economic success at present. Moreover, the effect environmental protection exerts on shareholder value is determined by the manner in which corporate environmental management is practised. Referring to the value drivers of shareholder value, we discuss the characteristics necessary to increase shareholder value, or at least to contain any reduction as effectively as possible.",
author = "S. Schaltegger and Frank Figge",
year = "2000",
language = "English",
volume = "7",
pages = "29--42",
journal = "Eco-Management and Auditing",
issn = "0968-9427",

}

Environmental shareholder value. Economic success with corporate environmental management. / Schaltegger, S.; Figge, Frank.

In: Eco-Management and Auditing, Vol. 7, 2000, p. 29-42.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Environmental shareholder value. Economic success with corporate environmental management

AU - Schaltegger, S.

AU - Figge, Frank

PY - 2000

Y1 - 2000

N2 - The links between corporate environmental protection and economic success have been analysed vigorously in several theoretical and empirical studies. Most studies are based on the hypothesis that the amount of environmental protection is somehow - negatively or positively - correlated with the economic success of the company. We argue that the amount of corporate environmental protection per se neither spurs nor reduces shareholder value, which is maybe the most important measure of economic success at present. Moreover, the effect environmental protection exerts on shareholder value is determined by the manner in which corporate environmental management is practised. Referring to the value drivers of shareholder value, we discuss the characteristics necessary to increase shareholder value, or at least to contain any reduction as effectively as possible.

AB - The links between corporate environmental protection and economic success have been analysed vigorously in several theoretical and empirical studies. Most studies are based on the hypothesis that the amount of environmental protection is somehow - negatively or positively - correlated with the economic success of the company. We argue that the amount of corporate environmental protection per se neither spurs nor reduces shareholder value, which is maybe the most important measure of economic success at present. Moreover, the effect environmental protection exerts on shareholder value is determined by the manner in which corporate environmental management is practised. Referring to the value drivers of shareholder value, we discuss the characteristics necessary to increase shareholder value, or at least to contain any reduction as effectively as possible.

M3 - Article

VL - 7

SP - 29

EP - 42

JO - Eco-Management and Auditing

JF - Eco-Management and Auditing

SN - 0968-9427

ER -