Ecology-driven real options: An investment framework for incorporating uncertainties in the context of the natural environment [Book Review]
Journal of Business Ethics 90 (2):295 - 310 (2009)
|Abstract||The role of uncertainty within an organization’s environment features prominently in the business ethics and management literature, but how corporate investment decisions should proceed in the face of uncertainties relating to the natural environment is less discussed. From the perspective of ecological economics, the salience of ecology-induced issues challenges management to address new types of uncertainties. These pertain to constraints within the natural environment as well as to institutional action aimed at conserving the natural environment. We derive six areas of ecology-induced uncertainties and propose ecology-driven real options as a conceptual approach for systematically incorporating these uncertainties into strategic management. We combine our results in an integrative investment framework and illustrate its application with the case of carbon constraints.|
|Keywords||ecological economics uncertainty natural environment real options investment planning|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Stephania Bonilla & Rosa Castro, A Law-and-Economics Analysis of International Investment Treaties: Latin America.
Mark Starik (1995). Should Trees Have Managerial Standing? Toward Stakeholder Status for Non-Human Nature. Journal of Business Ethics 14 (3):207 - 217.
Réal Labelle, Rim Makni Gargouri & Claude Francoeur (2010). Ethics, Diversity Management, and Financial Reporting Quality. Journal of Business Ethics 93 (2):335 - 355.
B. S. Niven (1982). Formalization of the Basic Concepts of Animal Ecology. Erkenntnis 17 (3):307 - 320.
Bryan W. Husted (2005). Risk Management, Real Options, Corporate Social Responsibility. Journal of Business Ethics 60 (2):175 - 183.
E. Marchant Gary, J. Sylvester Douglas & W. Abbott Kenneth (2008). Risk Management Principles for Nanotechnology. Nanoethics 2 (1).
Gary E. Marchant, Douglas J. Sylvester & Kenneth W. Abbott (2008). Risk Management Principles for Nanotechnology. NanoEthics 2 (1):43-60.
Added to index2009-03-21
Total downloads13 ( #95,541 of 722,863 )
Recent downloads (6 months)0
How can I increase my downloads?