Earth in the Balance

Gore, Al

doi:10.4324/9781315065946

Cited by 34 publications

(17 citation statements)

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“…() attributes these conflicting findings to both theoretical and methodological issues such as 'lack of a theoretical foundation, lack of a comprehensive systematic measure of CSP, lack of methodological rigor, sample size and composition limitations, and mismatch between social and financial variables' (Cochran and Wood, ; McGuire et al ., ; Ullmann, ; Wood and Jones, ). However, the issue of economic impacts from social policies has been theoretically argued by several authors (Porter, ; Gore, ; Walley and Whitehead, ; Hart, ), showing them as both costs and benefits to the firms. One side of the argument is that firms can develop competitive advantages by increasing efficiency and creating inimitable innovation from environmental initiatives, while the other treats them as a cost to firms that can never be recouped; in addition, firms are deprived of other productive investment opportunities.…”

Section: Introductionmentioning

confidence: 99%

Impact of Environmental Performance on Firm Value for Sustainable Investment: Evidence from Large US Firms

2015

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This research examines the impact of environmental performance on firm value, applying the event study methodology to Newsweek’s ‘Green Rankings’ announcement of 2012 for large US firms. Specifically, it analyzes the impact of the absolute green score and green rank of firms on their performance in the stock market. We found that investors perceive the announcement as positive news, leading to significant positive standardized cumulative abnormal returns (SCARs). After controlling for industry‐ and firm‐specific effects, we observed that firms with repeated green rankings for enhancing environmental performance showed significantly higher SCARs than those with either reduced or unchanged environmental performance. In addition, the environmental impact score measuring environmental damage from a firm's operational activities was found to be the most influential factor in improving the firm's value. Our findings are beneficial to managers in allocating resources to different types of environmental initiative, and provide valuable insight for sustainable environmental investment. Copyright © 2014 John Wiley & Sons, Ltd and ERP Environment

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Section: Introductionmentioning

confidence: 99%

Impact of Environmental Performance on Firm Value for Sustainable Investment: Evidence from Large US Firms

2015

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“…Desde hace muchos años se plantea que la democracia es uno de los factores institucionales imprescindibles para mejorar la calidad del ambiente. En 1992, el entonces vicepresidente de Estados Unidos, Al Gore escribió, "un requisito indispensable para salvar el ambiente es la extensión de la democracia a más naciones en el mundo" (Gore 1992). Algunos autores consideran que la falta de disposición de los gobiernos para imponer reglas ambientales más severas es un factor determinante en la degradación ambiental (Panayotou 1997, Barrett y Graddy 2000, Farzin y Bond 2006.…”

Section: Globalización Democracia Deterioro Ambiental Local Y Emisiunclassified

El Impacto Diferencial De La Globalización Económica Y La Democracia Sobre Las Emisiones De Co2 en Países Ricos Y Pobres

Yedwab

Forcada

Guerrero

2018

Rev. Int. Contam. Ambie.

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Palabras clave: desarrollo económico, CO 2 , apertura comercial, democratización RESUMENEste artículo analiza el impacto diferencial de la globalización económica, el tamaño y composición sectorial de la economía y la naturaleza del régimen político de los países sobre su nivel de emisiones de CO2. Nuestros hallazgos muestran que las emisiones se correlacionan positivamente con el grado de inserción de los países en la economía global, con el nivel de desarrollo económico nacional y con el peso relativo de ciertos sectores de la economía. Sin embargo, encontramos que las emisiones asociadas al nivel de globalización crecen más en los países pobres que en los países ricos. Los resultados muestran también que la institucionalización democrática de los países no es garantía de disminución de las emisiones de CO2.Key words: economic development, CO 2 , trade liberalization, democratization ABSTRACT This article analyzes the differential impact of economic globalization, the size and the composition of the economy and the nature of the political regime over national CO2 emission levels. We found that emissions are positively correlated with the national level of economic development, with the relative weight of certain sectors in the economy, as well as with the degree of each country's insertion on the global economy. However, we found that globalization related to the emissions grow faster in the poorer countries than in the richer ones. Our results also show that national democratic institutions do not guarantee lower levels of CO2 emissions.

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“…Therefore, the classical rough set model has been demonstrated to be useful in the discovering of decision rules from the complete information system. Gore, in his influential book Earth in the Balance [5], notes that ' 'We must acknowledge that we never have complete information. Yet we have to make decisions anyway .…”

Section: Introductionmentioning

confidence: 98%