University of Sussex
Browse

File(s) under permanent embargo

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

chapter
posted on 2023-06-09, 12:04 authored by Camillo von Müller, Steven BriegerSteven Brieger
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.

History

Publication status

  • Published

File Version

  • Published version

Publisher

Elsevier

Page range

131-145

Pages

479.0

Book title

Handbook of Environmental and Sustainable Finance

ISBN

9780128036150

Department affiliated with

  • Business and Management Publications

Full text available

  • No

Peer reviewed?

  • Yes

Editors

Greg N Gregoriou, Vikash Ramiah

Legacy Posted Date

2018-02-13

First Compliant Deposit (FCD) Date

2018-02-13

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC