Managing Environmental Risk and Investment Opportunities to Maximize Shareholder Wealth

Christopher A. Manning ()
Additional contact information
Christopher A. Manning: School of Business Administration Loyola Marymount University Los Angeles, California 90045, http://cba.lmu.edu/

Journal of Real Estate Research, 1992, vol. 7, issue 3, 351-359

Abstract: This article discusses the opinions of environmental experts, corporate strategy, policies, and analytical tools for companies to manage environmental risk and investment opportunities to maximize shareholder wealth. Policies and procedures helpful for evaluating (1) "cost reducing environmentally beneficial investment opportunities" and (2) "environmental contamination clean up options" are discussed and illustrated in detail. As the application of capital budgeting procedures is often the appropriate analytical approach, cash flow forecasting and risk estimation, the foundation of good capital budgeting analysis, is also discussed and illustrated.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1992
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol07n03/v07p351.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:7:n:3:1992:p:351-359

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().