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Public value of environmental investments: a conceptual outlook on the management of normatively determined risks
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.
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Publication status
- Published
File Version
- Published version
Publisher
ElsevierPage range
131-145Pages
479.0Book title
Handbook of Environmental and Sustainable FinanceISBN
9780128036150Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Editors
Greg N Gregoriou, Vikash RamiahLegacy Posted Date
2018-02-13First Compliant Deposit (FCD) Date
2018-02-13Usage metrics
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