The Contradiction of the Time Value of Money and Sustainability PDF Download
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Author: Dirk G. Baur
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
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Book Description
The time value of money principle states that money today is worth more than money in the future if no interest is paid as compensation. This principle is not consistent with inter-generational equity or sustainability. Indeed, we show in this paper that the time value of money principle combined with commonly used capital budgeting techniques tend to reject potentially sustainable projects that only break even in the long run and accept unsustainable projects that break even in the short term but entail significant negative externalities in the long term. We further argue that the separation of ownership and management and the dispersion of ownership leads to a lack of commitment among equity holders and aggravates the bias towards short-term and potentially unsustainable projects.
Author: Dirk G. Baur
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
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Book Description
The time value of money principle states that money today is worth more than money in the future if no interest is paid as compensation. This principle is not consistent with inter-generational equity or sustainability. Indeed, we show in this paper that the time value of money principle combined with commonly used capital budgeting techniques tend to reject potentially sustainable projects that only break even in the long run and accept unsustainable projects that break even in the short term but entail significant negative externalities in the long term. We further argue that the separation of ownership and management and the dispersion of ownership leads to a lack of commitment among equity holders and aggravates the bias towards short-term and potentially unsustainable projects.
Author: Rodríguez Bolívar, Manuel Pedro
Publisher: IGI Global
ISBN: 1522537147
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
Due to the mortgage crisis of 2008, laws aimed at achieving budgetary and financial stability were enacted. The concept of ?nancial sustainability has been linked to the need of rendering public services without compromising the ability to do so in the future. Financial Sustainability and Intergenerational Equity in Local Governments is a critical scholarly resource that analyzes the financial sustainability of local governments with the aim of ensuring equality and intergenerational equity. Featuring coverage on a broad range of topics such as intergenerational equity, public policies, and sustainability management, this book is geared towards government officials, managers, academicians, practitioners, students, and researchers seeking current research on identifying public policies to ensure financial balance.
Author: Sharam Alijani
Publisher: Emerald Group Publishing
ISBN: 1786355094
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
The latest volume of Critical Studies on Corporate Responsibility, Governance and Sustainability examines the social, economic and environmental impacts of corporations, and the real effects of corporate governance, CSR and business sustainability on societies in different regions.
Author: Rao Y. Surampalli
Publisher: John Wiley & Sons
ISBN: 1119434033
Category : Technology & Engineering
Languages : en
Pages : 666
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Book Description
A comprehensive resource to sustainability and its application to the environmental, industrial, agricultural and food security sectors Sustainability fills a gap in the literature in order to provide an important guide to the fundamental knowledge and practical applications of sustainability in a wide variety of areas. The authors – noted experts who represent a number of sustainability fields – bring together in one comprehensive volume the broad range of topics including basic concepts, impact assessment, environmental and the socio-economic aspects of sustainability. In addition, the book covers applications of sustainability in environmental, industrial, agricultural and food security, as well as carbon cycle and infrastructural aspects. Sustainability addresses the challenges the global community is facing due to population growth, depletion of non-renewable resources of energy, environmental degradation, poverty, excessive generation of wastes and more. Throughout the book the authors discuss the economics, ecological, social, technological and systems perspectives of sustainability. This important resource: Explores the fundamentals as well as the key concepts of sustainability; Covers basic concepts, impact assessment, environmental and socio-economic aspects, applications of sustainability in environmental, industrial, agricultural and food security, carbon cycle and infrastructural aspects; Argues the essentiality of sustainability in ensuring the propitious future of earth systems; and Authored by experts from a range of various fields related to sustainability. Written for researchers and scientists, students and academics, Sustainability: Fundamentals and Applications is a comprehensive book that covers the basic knowledge of the topic combined with practical applications.
Author: Thomas Lagoarde-Segot
Publisher: Springer Nature
ISBN: 3031142322
Category : Business & Economics
Languages : en
Pages : 816
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Book Description
This book provides a detailed overview of ecological money and finance. The functioning and development of the monetary and financial systems are analysed in relation to sustainability constraints to highlight the actions required to meet the 2030 Sustainable Development Agenda. Empirical case studies are utilized to give insight into the failure of the traditional financial system, with ways in which they can be overcome also considered. This book adopts a pluralist perspective to revisit the foundations of financial and monetary economics from a sustainability perspective, and examines the economic and financial instruments that can be used to combat ecological challenges. It will be relevant to students and researchers interested in ecological economics and sustainable finance.
Author: Sigrun M. Wagner
Publisher: Routledge
ISBN: 1351803158
Category : Business & Economics
Languages : en
Pages : 448
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Book Description
Environmental sustainability is increasingly important to organisations, whether for regulatory, financial or ethical reasons. Business and Environmental Sustainability looks at the environmental aspect of sustainability for all organisations pursuing competitive advantage. The book provides theoretical foundations from science, economics, policy and strategy, introduces three environmental challenges (climate change, pollution and waste) and looks at how corporate functions can address these. This textbook provides a thorough foundation by introducing readers to the science, reasoning and theory behind environmental sustainability and then delves into how these ideas translate into principles and business models for organisations to use. Next, it covers environmental challenges from climate change, pollution and waste, and then goes on to examine the different corporate functions (from supply chain management to human resources) to illustrate how environmental sustainability is managed and put into practice in organisations. Finally, a set of integrative case studies draws everything together and enables the reader to apply various analytical tools, with the aim of understanding how companies can not only reduce their environmental footprint but can positively contribute to environmental sustainability. Written by an award-winning lecturer, Business and Environmental Sustainability boasts a wealth of pedagogical features, including examples from a range of industries and countries, plus a companion website with slides, quiz questions and instructor material. This will be a valuable text for students of business, management and environmental sustainability and will also be suitable for broader courses on corporate responsibility and sustainability across environmental studies, political science and engineering.
Author: Simon Bell
Publisher: Routledge
ISBN: 1136446656
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
Stakeholder or public participation has become something of a modern mantra employed in all sorts of contexts to give people a voice. There are many variants on this 'participation' but traditionally they all share a desire to maximise involvement and provide desired 'outputs' of a required quality as quickly and as cheaply as possible. Difference tends to be reduced and compromise encouraged as the outputs or even just the appearance of participation are emphasised. This book explores the large and diverse range of participatory methods currently in use, examines the problems and gaps in these methods and sets out an innovative new methodology which overcomes these shortcomings. Uniquely, this method builds from the assumption that it is not just the outputs that matter in participation - it is also the journey. 'Triple Task' is designed to help groups explore their current situation and develop a path by which they can improve their functioning and ultimately make a positive contribution to the lives of others. The book includes in-depth case studies of Triple Task in action across a range of contexts and countries, with particular focus on an EU project concerning indicators in policy-making. This new approach can be used in any context and with any sort of group to help them produce more informative 'outputs' in which a deep reflection of how the group works is allied to an analysis of how problems can be solved.
Author: John C.V. Pezzey
Publisher: Routledge
ISBN: 1351890999
Category : Business & Economics
Languages : en
Pages : 424
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Book Description
Before the late 1980s, when the ideas of sustainability and sustainable development to the forefront of public debate, conventional, neo-classical economic thinking about development and growth had rarely given any consideration to the needs of future generations, or the sustainability of natural resource use. Defining sustainability broadly as intergenerational fairness in the long-term decision making of a whole society, and using established economic concepts, this selection of refereed journal articles brings a famously ill-defined concept into sharp focus, providing academics at all levels with a formidable research tool. Spanning thirty years of the most important philosophical, theoretical and empirical contributions from both critics and defenders of neo-classical assumptions and methods of economic analysis, this focused collection of papers constitutes a unique, balanced resource on the full range of intellectual debates surrounding the economics of sustainability.
Author: Götz Ferdinand Kaufmann
Publisher: Götz Kaufmann
ISBN:
Category :
Languages : en
Pages : 424
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Book Description
Author: Ziolo, Magdalena
Publisher: IGI Global
ISBN: 1799810356
Category : Business & Economics
Languages : en
Pages : 383
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Book Description
Sustainable development is necessary to counteract and mitigate the impact of socially harmful forces in a globalized world. However, sustainable development and its organizations must ensure the effective management of their funds and beneficial financial frameworks in order to best realize their sustainable goals. There is a need for studies that seek to understand how to connect sustainable development and the financial world in order to maximize the economic and environmental wellbeing of the world. Social, Economic, and Environmental Impacts Between Sustainable Financial Systems and Financial Markets is a pivotal reference source that examines the funding and monetary utilization of environmental and socially-responsible entities. Featuring research on topics such as green taxes, intergenerational equity, and shadow economy, this book is ideally designed for government officials, policymakers, economists, financial managers, sustainability developers, and academicians seeking current research on the relationship between new sustainable financial phenomena and negative global externalities.
