Assessment of the Profitability of Environmental Activities in Forestry

Iryna Zamula, Maryna Tanasiieva, Vitalii Travin, Vitalii Nitsenko, Tomas Baležentis and Dalia Streimikiene
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Iryna Zamula: Department of Accounting and Audit, Zhytomyr Polytechnic State University, 10004 Zhytomyr, Ukraine
Maryna Tanasiieva: Department of Accounting, Analysis and Audit, Yuriy Fedkovych Chernivtsi National University, 58012 Chernivtsi, Ukraine
Vitalii Travin: Department of Digital Economics and International Economic Relations, Zhytomyr Polytechnic State University, 10004 Zhytomyr, Ukraine
Vitalii Nitsenko: Department of Accounting and Taxation, Interregional Academy of Personnel Management, 03039 Kyiv, Ukraine
Dalia Streimikiene: Division of Farm and Enterprise Economics, Lithuanian Institute of Agrarian Economics, 03220 Vilnius, Lithuania

Sustainability, 2020, vol. 12, issue 7, 1-15

Abstract: The paper presents a framework for the financial analysis of the environmental measures (programmes) for forestry enterprises. The indicators of the economic and social effectiveness of environmental measures are discussed. The prospects for their implementation in the context of sustainable forest management in Ukraine are analysed. The research focuses on the effectiveness of environmental measures at the level of forestry enterprise. The proposed framework allows for determining the economic and social effectiveness of environmental measures at the enterprise level. To this end, the net discounted income is used to measure the profitability of environmental measures. The payback period is determined to provide an intuition behind the decision to participate in the environmental measures. The proposed framework allows for improving decision support for the national sustainable forestry development programmes not only at the macro level, but also at the level of enterprises.

Keywords: environmental activities; management decisions; mathematical model; environmental performance assessment; net discounted income; forestry (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:7:p:2998-:d:343079

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