IDEAS home Printed from
   My bibliography  Save this article

Assets Restatement Model From The Natural Capital Maintenance Perspective


  • Gina Raluca GUSE

    () (Academy of Economic Studies, Bucharest)

  • Viorel AVRAM

    () (Academy of Economic Studies, Bucharest)

  • Adriana CALU

    () (University of Bucharest)

  • Daniela Artemisa CALU

    () (Academy of Economic Studies, Bucharest)


The present research aims to propose a new approach to defining and measuring assets in terms of the negative effects and net benefits arising from their use and affecting the natural capital. In this regard, we provide a new definition and a reclassification of assets in three categories, depending on the nature of their environmental impact. The proposed categories are: natural assets, neutral assets and polluting assets. Given that natural assets can not be object to reliable measurements, we find as appropriate the current qualitative reporting techniques (Corporate Social Responsibility Reports – CSR). Balance sheet assets, reclassified as neutral assets and polluting assets will be restated based on an environmental factor. The proposed model may be used for financial and non-financial reporting of environmental issues, as well as an instrument for environmental audits and for the assessment of environmental risks.

Suggested Citation

  • Gina Raluca GUSE & Viorel AVRAM & Adriana CALU & Daniela Artemisa CALU, 2010. "Assets Restatement Model From The Natural Capital Maintenance Perspective," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 4(20), pages 71-80, December.
  • Handle: RePEc:ath:journl:tome:20:y:2010(iv):i:20:71-80

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    neutral assets; polluting assets; environmental factor; environmental audit and risk; positive and negative externalities;

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ath:journl:tome:20:y:2010(iv):i:20:71-80. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cosmin Catalin Olteanu and Emilia Vasile). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.