Financial implications of sustainability for companies and capital markets

Dirixida por:
  1. Juan Piñeiro Chousa Director
  2. José Antonio Redondo López Co-director

Universidade de defensa: Universidade de Santiago de Compostela

Fecha de defensa: 17 de xullo de 2009

  1. Álvaro Cuervo García Presidente/a
  2. María Isabel Blanco Dopico Secretario/a
  3. José Manuel Rodríguez Carrasco Vogal
  4. Pedro Rivero Torre Vogal
  5. Jerome Caby Vogal
  1. Departamento de Economía Financeira e Contabilidade

Tipo: Tese

Teseo: 256762 DIALNET


Facing a growing concern about environmental issues and seeing the political and social movements that have started to require a strict commitment with the environment conservation by economic agents, it is essential to integrate the consideration of environmental objectives into Finance Theory in order to support, thus, companies and financial markets' decision-making processes and management strategies. Expressing environmental consideration in terms of risk, profitability and value will allow to identify the better actions to attain a sustainable economic development that is compatible with the classic financial objective of maximizing shareholder value. It is, therefore, necessary, to develop valuation and analysis instruments that allow to integrate the environment into financial management, both in the field of Corporate Finance and y the field of Market Finance, as well as to deepen into the theoretical knowledge regarding the relationships between the environment and Finance Theory.