Environmental risk management and the cost of capital
نویسندگان
چکیده
منابع مشابه
Environmental Risk Management and the Cost of Capital
Our study of 267 U.S. firms shows that improved environmental risk management is associated with a lower cost of capital. Our findings provide an alternative perspective on the environmentaleconomic performance relationship, which has been dominated by the view that improvements in economic performance stem from better resource utilization. Firms also benefit from improved environmental risk ma...
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The purpose of this study is to investigate the effect of a new measure of risk, the earnings downside risk on capital costs, and comparing the incremental information content of this measure to other risk metrics. accordingly, two hypotheses were defined and the effect of the earnings downside risk on the cost of capital as well as the information content of this measure in relation to the...
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ژورنال
عنوان ژورنال: Strategic Management Journal
سال: 2008
ISSN: 0143-2095,1097-0266
DOI: 10.1002/smj.678