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001 8110418242310
003 OSt
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008 081104s2008 xx ||||gr |0|| 0 eng d
100 1 _aSHARFMAN, Mark P.
_935757
245 1 0 _aEnvironmental risk management and the cost of capital
260 _aChichester, UK :
_bJohn Wiley,
_cJune 2008
520 3 _aOur study of 267 U.S. firms shows that improved environmental risk management is associated with a lower cost of capital. Our findings provide an alternative perspective on the environmental-economic performance relationship, which has been dominated by the view that improvements in economic performance stem from better resource utilization. Firms also benefit from improved environmental risk management through a reduction in their cost of equity capital, a shift from equity to debt financing, and higher tax benefits associated with the ability to add debt. These findings help build better theory regarding the outcomes of strategic improvements in environmental risk management
700 1 _aFERNANDO, Chitru
_935758
773 0 8 _tStrategic Management Journal
_g29, 6, p. 569-592
_dChichester, UK : John Wiley, June 2008
_xISSN 01432095
_w
942 _cS
998 _a20081104
_b1824^b
_cTiago
998 _a20081105
_b1717^b
_cTiago
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c27757
_d27757
041 _aeng