Managing Environmental Risk and Investment Opportunities to Maximize Shareholder Wealth
This article discusses the opinions of environmental experts, corporate strategy, policies, and analytical tools for companies to manage environmental risk and investment opportunities to maximize shareholder wealth. Policies and procedures helpful for evaluating (1) "cost reducing environmentally beneficial investment opportunities" and (2) "environmental contamination clean up options" are discussed and illustrated in detail. As the application of capital budgeting procedures is often the appropriate analytical approach, cash flow forecasting and risk estimation, the foundation of good capital budgeting analysis, is also discussed and illustrated.
Volume (Year): 7 (1992)
Issue (Month): 3 ()
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