The Possible Impacts Of Enlightened Shareholder Value On Corporations Environmental Performance

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The Possible Impacts of "enlightened Shareholder Value" on Corporations' Environmental Performance

Author : Gail Henderson
Publisher :
ISBN 13 : 9780494591932
Total Pages : 140 pages
Book Rating : 4.5/5 (919 download)

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Book Synopsis The Possible Impacts of "enlightened Shareholder Value" on Corporations' Environmental Performance by : Gail Henderson

Download or read book The Possible Impacts of "enlightened Shareholder Value" on Corporations' Environmental Performance written by Gail Henderson and published by . This book was released on 2009 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that "enlightened shareholder value" ("ESV") offers a "third way" between the shareholder primacy and stakeholder theories of the corporation; one that maintains the creation of shareholder value as the corporation's primary function, but requires directors to take into account the environmental impact of the corporations' operations. ESV requires directors to "have regard to", among other things, "the impact of the company's operations on...the environment." The obligation to "have regard to" should be interpreted as a procedural duty requiring directors to inform themselves as to the environmental impact of the corporation's operations, which may in itself cause directors to reallocate corporate resources to environmental protection. ESV may also improve corporations' environmental disclosure and impact social norms of corporate behaviour with respect to the environment. Any negative impact of ESV on present shareholder returns is justified by the obligation to avoid imposing foreseeable severe or irreparable environmental harm on future generations.

The Enlightened Shareholder Value Principle and Corporate Governance

Author : Andrew Keay
Publisher : Routledge
ISBN 13 : 041568434X
Total Pages : 312 pages
Book Rating : 4.4/5 (156 download)

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Book Synopsis The Enlightened Shareholder Value Principle and Corporate Governance by : Andrew Keay

Download or read book The Enlightened Shareholder Value Principle and Corporate Governance written by Andrew Keay and published by Routledge. This book was released on 2013 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explains and assesses the nature of enlightened shareholder value principle (ESV) and its contribution to corporate governance. Andrew Keay traces the development of the principle of ESV and examines it in the context of existing principles which have influenced corporate governance. The book analyses the UK legislation that delivers the principle in corporate law and ESV is compared to the constituency statutes that apply in the US in order to determine can whether anything can be learned from the American experience with these statutes. Finally the book considers whether ESV will mean a less short-termist approach by financial institutions and non-financial institutions after the global financial crisis.

The Enlightened Shareholder Value Principle and Corporate Social Responsibility

Author : Taskin Iqbal
Publisher : Routledge
ISBN 13 : 1000401715
Total Pages : 148 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Enlightened Shareholder Value Principle and Corporate Social Responsibility by : Taskin Iqbal

Download or read book The Enlightened Shareholder Value Principle and Corporate Social Responsibility written by Taskin Iqbal and published by Routledge. This book was released on 2021-07-07 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Enlightened Shareholder Value principle and Corporate Social Responsibility are areas of increasing academic and research interest. However, discussions on the ESV principle in relation to CSR are very limited. This book provides a critical analysis of the impact of the concept of ESV, embedded in the Companies Act 2006, on CSR and explores the scope for reform. Along with analysing existing empirical research, it presents the findings of an empirical study conducted to determine whether the concept of ESV is capable of promoting or assisting CSR. The book also examines whether implementing an ESV approach has had any impact on the CSR practices of multinational corporations that originate in the UK and operate in developing nations, as in order to assess whether the ESV principle links to CSR both its domestic and international impact need to be considered. This analysis was undertaken through the lens of a case study on the ready-made garment industry in Bangladesh, with some focus on the Rana Plaza factory disaster. This study also assists in demonstrating the changes that need to be made to improve the current situation. Lastly, the book addresses the need for reform in the area and provides possible suggestions for reform. This interdisciplinary book will be of great interest to students and scholars of corporate law, corporate governance and business studies in general as well as policymakers, NGOs and government departments in many countries around the world working in the fields of CSR, sustainability and global supply chains.

Company Law and Sustainability

Author : Beate Sjåfjell
Publisher : Cambridge University Press
ISBN 13 : 1107043271
Total Pages : 373 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Company Law and Sustainability by : Beate Sjåfjell

Download or read book Company Law and Sustainability written by Beate Sjåfjell and published by Cambridge University Press. This book was released on 2015-05-21 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book advances an innovative, multi-jurisdictional argument for the necessity of company law reform to reorient companies towards environmental sustainability.

Corporate Sustainability

Author : Zabihollah Rezaee
Publisher : Business Expert Press
ISBN 13 : 1637420870
Total Pages : 93 pages
Book Rating : 4.6/5 (374 download)

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Book Synopsis Corporate Sustainability by : Zabihollah Rezaee

Download or read book Corporate Sustainability written by Zabihollah Rezaee and published by Business Expert Press. This book was released on 2021-07-14 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business organizations have recently been encouraged by investors, regulators, and communities to define their purposes, values, and fiduciary duties of creating shared value for all stakeholders. Public companies have traditionally operated under the corporate model of “shareholder primacy” with the primary purpose of generating returns for shareholders and thus corporate activities are managed toward creating shareholder value. The stakeholder primacy system encourages directors and executives to focus on managing corporate activities toward creating shared value for all stakeholders. The role of the board of directors under stakeholder primacy/capitalism as opposed to shareholder primacy/capitalism is to oversee the managerial function of focusing on the long-term sustainability performance, effectively communicating sustainability performance information to all stakeholders. A shift away from the shareholder primacy model and toward the stakeholder primacy model has been gaining momentum worldwide in recent years as investors demand, regulators require, and companies define the “profit-with-purpose” mission in creating shares value for all stakeholders. This book offers guidance to organizations for considering both shareholder primacy and stakeholder primacy in defining their mission of “profit-with-purpose” and in creating shared value for all stakeholders. It also highlights how people, business and resources collaborate in a business sustainability and the stakeholder primacy model in creating shared value for all stakeholders. Anyone who is involved with business sustainability and corporate governance, the financial reporting process, investment decisions, legal and financial advising, audit functions, and corporate governance education including directors, executives, investors, and auditor will be interested in this book.

The Possible Impact of the Concept of Enlightened Shareholder Value on Corporate Social Responsibility and the Scope for Reform

Author : Taskin Iqbal
Publisher :
ISBN 13 :
Total Pages : 576 pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis The Possible Impact of the Concept of Enlightened Shareholder Value on Corporate Social Responsibility and the Scope for Reform by : Taskin Iqbal

Download or read book The Possible Impact of the Concept of Enlightened Shareholder Value on Corporate Social Responsibility and the Scope for Reform written by Taskin Iqbal and published by . This book was released on 2018 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Shareholder Value Myth

Author : Lynn Stout
Publisher : Berrett-Koehler Publishers
ISBN 13 : 1605098167
Total Pages : 151 pages
Book Rating : 4.6/5 (5 download)

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Book Synopsis The Shareholder Value Myth by : Lynn Stout

Download or read book The Shareholder Value Myth written by Lynn Stout and published by Berrett-Koehler Publishers. This book was released on 2012-05-07 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the trouble with shareholder value thinking and at better options for models of corporate purpose. Executives, investors, and the business press routinely chant the mantra that corporations are required to “maximize shareholder value.” In this pathbreaking book, renowned corporate expert Lynn Stout debunks the myth that corporate law mandates shareholder primacy. Stout shows how shareholder value thinking endangers not only investors but the rest of us as well, leading managers to focus myopically on short-term earnings; discouraging investment and innovation; harming employees, customers, and communities; and causing companies to indulge in reckless, sociopathic, and irresponsible behaviors. And she looks at new models of corporate purpose that better serve the needs of investors, corporations, and society. “A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term.” —Constance E. Bagley, professor, Yale School of Management; president, Academy of Legal Studies in Business; and author of Managers and the Legal Environment and Winning Legally “A compelling call for radically changing the way business is done... The Shareholder Value Myth powerfully demonstrates both the dangers of the shareholder value rule and the falseness of its alleged legal necessity.” —Joel Bakan, professor, The University of British Columbia, and author of the book and film The Corporation “Lynn Stout has a keen mind, a sharp pen, and an unbending sense of fearlessness. Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity.” —Jack Willoughby, senior editor, Barron’s “Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy.” —Judy Samuelson, executive director, Business and Society Program, The Aspen Institute

The Corporate Objective

Author : Andrew R. Keay
Publisher : Edward Elgar Publishing
ISBN 13 : 0857933124
Total Pages : 361 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis The Corporate Objective by : Andrew R. Keay

Download or read book The Corporate Objective written by Andrew R. Keay and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This is legal scholarship of the finest kind, concerned with an issue of supreme political, economic and social importance. Professor Keay takes the debate on the object of the modern public corporation by the scruff of its neck and skilfully navigates between the Scylla and Charybdis of the shareholder/stakeholder debate. This book, characterised by admirable analytical clarity and a huge amount of research, faithfully summarises the debate hitherto, and propels us to the next stage with a powerful argument, which challenges, effectively, both the stakeholder and shareholder theories.' – Harry Rajak, University of Sussex School of Law, UK The Corporate Objective addresses a question that has been subject to much debate: what should be the objective of public corporations? It examines the two dominant theories that address this issue, the shareholder primacy and stakeholder theories, and finds that both have serious shortcomings. The book goes on to develop a new theory, called the Entity Maximisation and Sustainability Model. Under this model, directors are to endeavour to increase the overall long-run market value of the corporation as an entity. At the same time as maximising wealth, directors have to ensure that the corporation survives and is able to stay afloat and pursue the development of the corporation's position. Andrew Keay seeks to explain and justify the model and discusses how the model is enforced, how investors fit into the model, how directors are to act and how profits are to be allocated. Analysing in depth the existing theories which seek to explain the corporate objective, this book will appeal to academics in corporate law and corporate governance as well as law, finance, business ethics, organisational behaviour, management, economics, accounting and sociology. Postgraduate students in corporate law and corporate governance, directors, and government regulators will also find much to interest them in this study.

Environmental Shareholder Value

Author : Christian G. Söhner
Publisher : GRIN Verlag
ISBN 13 : 3638636771
Total Pages : 117 pages
Book Rating : 4.6/5 (386 download)

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Book Synopsis Environmental Shareholder Value by : Christian G. Söhner

Download or read book Environmental Shareholder Value written by Christian G. Söhner and published by GRIN Verlag. This book was released on 2007 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diplomarbeit aus dem Jahr 2001 im Fachbereich BWL - Bank, Börse, Versicherung, Note: mdl. 2,2 schriflt. 3,0, Technische Universität Dresden (BWL), Sprache: Deutsch, Abstract: Der Shareholder Value hat sich als Instrument zur Unternehmensbewertung durchgesetzt. Während er in seiner bisherigen Definition überwiegend quantitative Faktoren zur Wertermittlung anwendet, soll er nun um den qualitativen Faktor der Environmental Performance erweitert werden. Die Environmental Performance läßt sich sowohl über die Umwelteinwirkungen der entsprechenden Tätigkeiten, Produkte und Dienstleistungen als auch über Umweltauswirkungen eines Unternehmens, die in einer Analyse die betrieblichen Input- und Outputströme bestimmt, beschreiben. Ein Environmental Shareholder Value ist dann erfolgreich, wenn die verschiedenen Größen, die ihn beeinflussen, gemeinsam kooperieren. So müssen Fondsmanager, Unternehmen, Anleger und Umweltökonomen interdisziplinär ihr spezielles Wissen und Erfahrung in einen Environmental Shareholder Value einbringen. Dem überproportionalen Wachstum und dem Erfolg der Nachhaltigkeitsindizes zum Trotz ist die Nachfrage nach einem öko-effizienten Fonds gering und die Akzeptanz bescheiden. Die Angebote eines ökologischen Fondsinvestments sind an den Finanzmärkten unübersichtlich und uneinheitlich, was deren Verbreitung erschwert. Hauptprobleme zur Durchsetzung eines Environmental Shareholder Value betreffen: - das fehlende Wissen der Shareholder über den positiven Beitrag der Environmental Performance zum Shareholder Value; - die Zurückhaltung der Unternehmen in bezug auf die Einführung von umweltorientierten, proaktiven Strategien zur Steigerung ihres eigenen Wertes: - die fehlende Transparenz und mangelnde Übersicht über öko-effiziente Anlagemöglichkeiten. Des weiteren fehlt der breiten Öffentlichkeit ein sachlicher Umgang mit dem Shareholder Value-Gedanken, wodurch die Verbindung mit einer Environmental Performance nicht unbedingt begünstigend für den Environmental

Environmental Performance and Shareholder Value Creation 1999 Survey

Author : John C. Tabone
Publisher :
ISBN 13 : 9780888006028
Total Pages : 17 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Environmental Performance and Shareholder Value Creation 1999 Survey by : John C. Tabone

Download or read book Environmental Performance and Shareholder Value Creation 1999 Survey written by John C. Tabone and published by . This book was released on 2000 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Beyond Shareholder Value

Author : P. M. Vasudev
Publisher : Edward Elgar Publishing
ISBN 13 : 1800375778
Total Pages : 432 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Beyond Shareholder Value by : P. M. Vasudev

Download or read book Beyond Shareholder Value written by P. M. Vasudev and published by Edward Elgar Publishing. This book was released on 2021-05-28 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely and engaging book examines how maximizing shareholder value has played a dominant role in corporate governance over recent decades, and analyzes the resulting effect on share prices in the stock markets. Alongside the rise in corporate power and deepening economic inequality, the author investigates corporate law reform as a corrective remedy.

Environmental Performance and Shareholder Value Creation 1999 Survey

Author : Julie Desjardins
Publisher :
ISBN 13 : 9780888006035
Total Pages : 80 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Environmental Performance and Shareholder Value Creation 1999 Survey by : Julie Desjardins

Download or read book Environmental Performance and Shareholder Value Creation 1999 Survey written by Julie Desjardins and published by . This book was released on 2000 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Shareholder Value Myth

Author : Lynn Stout
Publisher : ReadHowYouWant
ISBN 13 : 9781459638693
Total Pages : 204 pages
Book Rating : 4.6/5 (386 download)

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Book Synopsis The Shareholder Value Myth by : Lynn Stout

Download or read book The Shareholder Value Myth written by Lynn Stout and published by ReadHowYouWant. This book was released on 2012-05 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom - line results. Suggests better ways to think about shareholders and their relationship to corporations Written by one of America's most distinguished legal scholars, Executives, investors, and the business press routinely chant the mantra that co...

Environmental Performance and Shareholder Value

Author : Jerald Blumberg
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (155 download)

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Book Synopsis Environmental Performance and Shareholder Value by : Jerald Blumberg

Download or read book Environmental Performance and Shareholder Value written by Jerald Blumberg and published by . This book was released on 1997* with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Environmental Shareholder Value

Author : Stefan Schaltegger
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (254 download)

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Book Synopsis Environmental Shareholder Value by : Stefan Schaltegger

Download or read book Environmental Shareholder Value written by Stefan Schaltegger and published by . This book was released on 2000 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The links between corporate environmental protection and economic success have been analysed vigorously in several theoretical and empirical studies. Most studies are based on the hypothesis that the amount of environmental protection is somehow - negatively or positively - correlated with economic success of the company...

An Empirical Investigation of Environmental Performance and the Market Value of the Firm

Author : Brian Jacobs
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis An Empirical Investigation of Environmental Performance and the Market Value of the Firm by : Brian Jacobs

Download or read book An Empirical Investigation of Environmental Performance and the Market Value of the Firm written by Brian Jacobs and published by . This book was released on 2015 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the shareholder value effects of environmental performance by measuring the stock market reaction associated with announcements of environmental performance. We examine the market reaction to two categories of environmental performance. The first category includes 430 announcements of Corporate Environmental Initiatives (CEIs) that provide information about self-reported corporate efforts to avoid, mitigate, or offset the environmental impacts of the firm's products, services, or processes. The second category includes 381 announcements of Environmental Awards and Certifications (EACs) that provide information about recognition granted by third parties specifically for environmental performance. Although the market does not react significantly to the aggregated CEI and EAC announcements, we find statistically significant market reactions for certain CEI and EAC subcategories. Specifically, announcements of philanthropic gifts for environmental causes are associated with significant positive market reaction, voluntary emissions reductions are associated with significant negative market reaction, and ISO 14001 certifications are associated with significant positive market reaction. The difference between the market reactions to the CEI and EAC categories is statistically insignificant. Overall, we find that the market is selective in reacting to announcements of environmental performance with certain types of announcements even valued negatively.

The Shareholder Value Impact of Environmental Factors

Author : Mahnaz Moghadam
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Shareholder Value Impact of Environmental Factors by : Mahnaz Moghadam

Download or read book The Shareholder Value Impact of Environmental Factors written by Mahnaz Moghadam and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rising carbon prices are intended to encourage the adoption of more sustainable corporate practices. Investors are going to have to face this fact. An increasing number of investors are pressing businesses to detail the dangers and opportunities posed by carbon emissions laws. There is a degree of mystery around these rules and restrictions. In various parts of the world, businesses are given varying degrees of responsibility for combating climate change. The impact of global warming is now recognized as a major problem in many sectors of modern civilization. This presentation will offer a quick overview of the connection between carbon exposure and shareholder value in the context of company management.