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The Benefits of Improved Environmental Accounting: An Economic Framework to Identify Priorities

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  • Boyd, James

Abstract

Improved environmental accounting is increasingly seen by corporate managers and environmental advocates alike as a necessary complement to improved environmental decision-making within the private sector. This paper develops an economic approach to the evaluation of environmental accounting's benefits and derives the value, and determinants, of improved accounting information in several production and capital budgeting contexts. Using concepts from managerial economics, finance, and organizational theory, the analysis identifies the types of environmental accounting improvement that are most likely to yield significant financial and environmental benefits.

Suggested Citation

  • Boyd, James, 1998. "The Benefits of Improved Environmental Accounting: An Economic Framework to Identify Priorities," Discussion Papers 10609, Resources for the Future.
    • Handle: RePEc:ags:rffdps:10609
    DOI: 10.22004/ag.econ.10609
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    References listed on IDEAS

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    1. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
    2. Boyd, James, 1998. "Searching for the Profit in Pollution Prevention: Case Studies in the Corporate Evaluation of Environmental Opportunities," Discussion Papers 10614, Resources for the Future.
    3. Boyd, James, 1998. "Searching for the Profit in Pollution Prevention: Case Studies in the Corporate Evaluation of Environmental Opportunities," RFF Working Paper Series dp-98-30, Resources for the Future.
    4. Richard R. Nelson & Sidney G. Winter, 1964. "A Case Study in the Economics of Information and Coordination the Weather Forecasting System," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 78(3), pages 420-441.
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    Cited by:

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    2. Dian Agustia & Tjiptohadi Sawarjuwono & Wiwiek Dianawati, 2019. "The Mediating Effect of Environmental Management Accounting on Green Innovation - Firm Value Relationship," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 299-306.
    3. Xiaofang Chen & P.R. Weerathunga & Mohammad Nurunnabi & K.M.M.C.B. Kulathunga & W.H.M.S. Samarathunga, 2020. "Influences of Behavioral Intention to Engage in Environmental Accounting Practices for Corporate Sustainability: Managerial Perspectives from a Developing Country," Sustainability, MDPI, vol. 12(13), pages 1-30, June.
    4. Bose, Sudipta, 2006. "Environmental Accounting and Reporting in Fossil Fuel Sector : A Study on Bangladesh Oil, Gas and Mineral Corporation (Petrobangla)," MPRA Paper 7995, University Library of Munich, Germany.
    5. Schilizzi, Steven & Lesourd, Jean-Baptiste, 2001. "Accounting systems and environmental decision making: what costs, what benefits?," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 125929, Australian Agricultural and Resource Economics Society.

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    Keywords

    Environmental Economics and Policy;

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