The Economic Value of Corporate Eco-Efficiency
The Economic Value of Corporate Eco-Efficiency
Guenster, Nadja, Derwall, Jeroen, Bauer, Rob and Koedijk, Kees C.G., "The Economic Value of Corporate Eco-Efficiency" (August 2005). Abstract: This study adds new insights to the long-running corporate environmental-financial performance debate by focusing on the concept of eco-efficiency. Using a new database of eco-efficiency ratings, we document a positive but asymmetrical relation between eco-efficiency and a firm's Tobin's q. Moreover, our results suggest that the market's valuation of environmental performance has been time variant, which may indicate that the market incorporates environmental information with a drift. Although environmental leaders initially did not sell at a premium relative to laggards, the premium has increased significantly over time. Finally, we report that eco-efficiency relates to operating performance. Environmental leaders do not have a return on assets superior to that of the control group, but laggards display significant operational underperformance. The results suggest that company managers do not face a tradeoff between eco-efficiency and financial performance, and that investors can use environmental information for investment decisions. Go to article
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Here are some quotes from our visitors about the value of a MBA
... MBA will help you get ahead in today's global marketplace through a strong, in-depth curriculum that balances core courses with experience.
... MBA will help you to develop the business competencies, cultural skills, and global mindset essential for success in your work.
... MBA will help you get ahead in today's global marketplace through a strong, in-depth curriculum that balances core courses with experience.
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Facts on MBA
MBAs from universities evaluated by United States National Research Council (USNRC) may equip future scholars and professors. Such MBA category is a milestone for both professional and academic career advancement. Refer to faculty directories of such schools and USNRC ratings.
New business schools at Saïd Business School (Oxford) and Judge Business School (Cambridge) joined the London Business School and other UK BAs in the Financial Times league table in 2000, an indication that the MBA degree is proving to be as widely accepted and successful in Europe as in the USA.
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