Public value of environmental investments: A conceptual outlook on the management of normatively determined risks

Publikation: Beiträge in SammelwerkenKapitelbegutachtet

Standard

Public value of environmental investments : A conceptual outlook on the management of normatively determined risks. / von Müller, Camillo-Georg; Brieger, Steven A.

Handbook of Environmental and Sustainable Finance. Hrsg. / Vikash Ramiah; Greg N. Gregoriou. Amsterdam : Elsevier B.V., 2016. S. 131-145.

Publikation: Beiträge in SammelwerkenKapitelbegutachtet

Harvard

von Müller, C-G & Brieger, SA 2016, Public value of environmental investments: A conceptual outlook on the management of normatively determined risks. in V Ramiah & GN Gregoriou (Hrsg.), Handbook of Environmental and Sustainable Finance. Elsevier B.V., Amsterdam, S. 131-145. https://doi.org/10.1016/B978-0-12-803615-0.00007-8

APA

von Müller, C-G., & Brieger, S. A. (2016). Public value of environmental investments: A conceptual outlook on the management of normatively determined risks. in V. Ramiah, & G. N. Gregoriou (Hrsg.), Handbook of Environmental and Sustainable Finance (S. 131-145). Elsevier B.V.. https://doi.org/10.1016/B978-0-12-803615-0.00007-8

Vancouver

von Müller C-G, Brieger SA. Public value of environmental investments: A conceptual outlook on the management of normatively determined risks. in Ramiah V, Gregoriou GN, Hrsg., Handbook of Environmental and Sustainable Finance. Amsterdam: Elsevier B.V. 2016. S. 131-145 doi: 10.1016/B978-0-12-803615-0.00007-8

Bibtex

@inbook{12c618774d8448e0b436c5f1e320443d,
title = "Public value of environmental investments: A conceptual outlook on the management of normatively determined risks",
abstract = "In this chapter we assume the perspective of environmentally conscious investors. We hold that the latter are interested in both the objective determinants and the subjective factors that determine if and to what extent owners of an externalities producing technology incorporate these externalities into their production functions. We use public value theory as concept that explains the normatively determined inclusion of externalities into a firm's production function as a result of changing consumer preferences and dynamic legislative environments. We propose that environmentally conscious investing can be compared to buying a put option on public value risks and describe the mechanics of this option.",
keywords = "Sustainability Science, Management studies, Green investing, Public value, Put options, Reputational risks, Social costs, Value dynamics",
author = "{von M{\"u}ller}, Camillo-Georg and Brieger, {Steven A.}",
year = "2016",
doi = "10.1016/B978-0-12-803615-0.00007-8",
language = "English",
isbn = "978-0-12-803615-0",
pages = "131--145",
editor = "Vikash Ramiah and Gregoriou, {Greg N.}",
booktitle = "Handbook of Environmental and Sustainable Finance",
publisher = "Elsevier B.V.",
address = "Netherlands",

}

RIS

TY - CHAP

T1 - Public value of environmental investments

T2 - A conceptual outlook on the management of normatively determined risks

AU - von Müller, Camillo-Georg

AU - Brieger, Steven A.

PY - 2016

Y1 - 2016

N2 - In this chapter we assume the perspective of environmentally conscious investors. We hold that the latter are interested in both the objective determinants and the subjective factors that determine if and to what extent owners of an externalities producing technology incorporate these externalities into their production functions. We use public value theory as concept that explains the normatively determined inclusion of externalities into a firm's production function as a result of changing consumer preferences and dynamic legislative environments. We propose that environmentally conscious investing can be compared to buying a put option on public value risks and describe the mechanics of this option.

AB - In this chapter we assume the perspective of environmentally conscious investors. We hold that the latter are interested in both the objective determinants and the subjective factors that determine if and to what extent owners of an externalities producing technology incorporate these externalities into their production functions. We use public value theory as concept that explains the normatively determined inclusion of externalities into a firm's production function as a result of changing consumer preferences and dynamic legislative environments. We propose that environmentally conscious investing can be compared to buying a put option on public value risks and describe the mechanics of this option.

KW - Sustainability Science

KW - Management studies

KW - Green investing

KW - Public value

KW - Put options

KW - Reputational risks

KW - Social costs

KW - Value dynamics

UR - http://www.scopus.com/inward/record.url?scp=84966783719&partnerID=8YFLogxK

U2 - 10.1016/B978-0-12-803615-0.00007-8

DO - 10.1016/B978-0-12-803615-0.00007-8

M3 - Chapter

SN - 978-0-12-803615-0

SP - 131

EP - 145

BT - Handbook of Environmental and Sustainable Finance

A2 - Ramiah, Vikash

A2 - Gregoriou, Greg N.

PB - Elsevier B.V.

CY - Amsterdam

ER -

DOI