{"title":"可持续性及其对企业价值影响的测量","authors":"R. Gregory","doi":"10.2139/ssrn.1920355","DOIUrl":null,"url":null,"abstract":"The current interest in sustainable resources by business begs the questions: does sustainability affect the value of the firm, and if so, would it's effect be detectable on the firm value? I propose a model where a possibly polluting input is part of the firm's production function. I find that in a neo-classical model where the firm is a price taker in both the input and output markets, that use of the polluting resource does affect firm value, but whether it would be detectable is dependent upon if the polluting input is taxed.","PeriodicalId":223617,"journal":{"name":"Strategy Models for Firm Performance Enhancement eJournal","volume":"14 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Sustainability and Measuring its Effect on Firm Value\",\"authors\":\"R. Gregory\",\"doi\":\"10.2139/ssrn.1920355\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The current interest in sustainable resources by business begs the questions: does sustainability affect the value of the firm, and if so, would it's effect be detectable on the firm value? I propose a model where a possibly polluting input is part of the firm's production function. I find that in a neo-classical model where the firm is a price taker in both the input and output markets, that use of the polluting resource does affect firm value, but whether it would be detectable is dependent upon if the polluting input is taxed.\",\"PeriodicalId\":223617,\"journal\":{\"name\":\"Strategy Models for Firm Performance Enhancement eJournal\",\"volume\":\"14 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2012-03-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Strategy Models for Firm Performance Enhancement eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.1920355\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Strategy Models for Firm Performance Enhancement eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1920355","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Sustainability and Measuring its Effect on Firm Value
The current interest in sustainable resources by business begs the questions: does sustainability affect the value of the firm, and if so, would it's effect be detectable on the firm value? I propose a model where a possibly polluting input is part of the firm's production function. I find that in a neo-classical model where the firm is a price taker in both the input and output markets, that use of the polluting resource does affect firm value, but whether it would be detectable is dependent upon if the polluting input is taxed.
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