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Environmental Shareholder Value Matrix. Konzeption, Anwendung und Berechnung

Author

Listed:
  • Frank Figge

    (School of Earth & Environment, University of Leeds)

  • Tobias Hahn

    (Institute for Futures Studies & Technology Assessment)

Abstract

Der Zusammenhang zwischen Umweltmanagement und Shareholder Value ist in den letzten Jahren Thema einer Vielzahl von Publikationen gewesen. Dass gutes Umweltmanagement grundsätzlich auch Shareholder Value schaffen kann, ist heute weitgehend unbestritten. Es wird allerdings auch deutlich, dass dies unter Praxisbedingungen häufig nicht gelingt. Hier setzt diese Studie an. Sie stellt mit der Environmental Shareholder Value Matrix ein neues Analysetool vor. Die Environmental Shareholder Value Matrix untersucht systematisch den Einfluss, den Umweltmanagementmaßnahmen auf die Werttreiber des Shareholder Value haben. Hierdurch wird deutlich, ob und wie das Umweltmanagement Shareholder Value schafft. Die Studie zeigt außerdem, wie der Beitrag des Umweltmanagements zum Shareholder Value berechnet werden kann. Hierbei wird eine neuartige Berechnungsweise vorgestellt. Diese neue Berechnungsweise erhöht die Transparenz der Berechnungund zeigt beispielsweise das maximal erzielbare Potenzial eines Umweltrisikomanagements auf.

Suggested Citation

  • Frank Figge & Tobias Hahn, 2004. "Environmental Shareholder Value Matrix. Konzeption, Anwendung und Berechnung," Others 0408009, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpot:0408009
    Note: Type of Document - pdf; pages: 22
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0408/0408009.pdf
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    References listed on IDEAS

    as
    1. Shameek Konar & Mark A. Cohen, 2001. "Does The Market Value Environmental Performance?," The Review of Economics and Statistics, MIT Press, vol. 83(2), pages 281-289, May.
    2. Myers, Stewart C, 1974. "Interactions of Corporate Financing and Investment Decisions-Implications for Capital Budgeting," Journal of Finance, American Finance Association, vol. 29(1), pages 1-25, March.
    3. Frank Figge, 2004. "Stakeholder Value Matrix - Die VErbindung zwischen Shareholder Value und Stakeholder Value," Others 0408010, University Library of Munich, Germany.
    4. Robert A. Taggart & Jr., 1991. "Consistent valuation and Cost of Capital Expressions With Corporate and Personal Taxes," Financial Management, Financial Management Association, vol. 20(3), Fall.
    5. E. Grifell-Tatjé & C. A. K. Lovell, 1999. "Profits and Productivity," Management Science, INFORMS, vol. 45(9), pages 1177-1193, September.
    6. Myers, Stewart C & Dill, David A & Bautista, Alberto J, 1976. "Valuation of Financial Lease Contracts," Journal of Finance, American Finance Association, vol. 31(3), pages 799-819, June.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Frank Figge & Tobias Hahn, 2004. "Value-oriented impact assessment: the economics of a new approach to impact assessment," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 47(6), pages 921-941.

    More about this item

    Keywords

    Shareholder Value; Environmental Management; Environmental Shareholder Value;

    JEL classification:

    • P - Economic Systems
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Z - Other Special Topics

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