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Improving corporate environmental performance through economic value added

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Corporate annual reports these days are full of references to sharholder wealth creation. In today's highly competitive capital markets, most chief executives understand that unless they are seen as value creators, investors will place their scarce capital somewhere else. Clear evidence of the growing importance even dominance of shareholder wealth creation is the growing use of a performance measure known as economic value added. (EVA) In this article we discuss EVA and how its use can aid corporate environmental managers in promoting more proactive environmental investments and in funding capital investments on environmental improvement waste reduction and pollution control in their companies. The use of EVA and other shareholder value measures can also improve general capital investment decisions by inetegrating environmental factors that affect the long-term interests of the corporation into the managerial decision-making process

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp1998/98-15.pdf

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Copyright INSEAD. All rights reserved