Improving corporate environmental performance through economic value added
Author: Young, S. David ; Epstein, Marc J.INSEAD Area: Accounting and ControlIn: Environmental Quality Management, summer 1998 Language: EnglishDescription: p. 1-7.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: Corporate annual reports these days are full of references to sharholder wealth creation. In today's highly competitive capital markets, most chief executives understand that unless they are sen as value creators, inestors will place their scarce capital somewhere else. Clear evidence of the growing importance, even dominance, of shareholder wealth creation is the growing use of a performance measure known as economic value added (EVA). Within ten years, it is almost certain that most large, publicly traded companies in the US will be using EVA as a primary performance evaluation tool. EVA is not widely knownamong environmental specialists, and those who have heard about it often it. The authors find this attitude unfornate. In this article, they discuss EVA and how its use can aid corporate environmental managers in promoting more proactive environmental investments, and in funding capital investments on environmental improvement, waste reduction and pollution control in their companies| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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Corporate annual reports these days are full of references to sharholder wealth creation. In today's highly competitive capital markets, most chief executives understand that unless they are sen as value creators, inestors will place their scarce capital somewhere else. Clear evidence of the growing importance, even dominance, of shareholder wealth creation is the growing use of a performance measure known as economic value added (EVA). Within ten years, it is almost certain that most large, publicly traded companies in the US will be using EVA as a primary performance evaluation tool. EVA is not widely knownamong environmental specialists, and those who have heard about it often it. The authors find this attitude unfornate. In this article, they discuss EVA and how its use can aid corporate environmental managers in promoting more proactive environmental investments, and in funding capital investments on environmental improvement, waste reduction and pollution control in their companies
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