The Law and International Practices in environmental issues target to secure the sustainability of businesses and society, harmonized with nature, in order to preserve the natural resources for the next generations, and imposing a long term consuming pattern. Around the world, valuing human and natural capital became common practice too, not only for economical but also for ethical reasons, these activities contributing to consolidate the positive effects of sustainability. Today, it’s fully recognized that environmental factors can, sometimes, have a strong and negative impact to different businesses and assets, diminishing their fair market value. Thus, an important concern of appraiser community is to identify the best practices for estimating the effect of such factors to the market value of properties.
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Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 3 (2008) Issue (Month): 36 (May) Pages: 1367-1370 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
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