2019
DOI: 10.1111/acfi.12533
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Embedding environment and sustainability into corporate financial decision‐making

Abstract: The business case for sustainability can be built upon: (i) cost reduction from efficient resource utilisation, (ii) revenue enhancement, (iii) risk management, and (iv) intangible assets. However, executives often adopt a short‐term perspective owing to executive compensation, investor pressure, and decision‐making criteria tied to fixed financial reporting systems. We propose an integrated conceptual framework, which highlights how firms could embed environment and sustainability into their long‐term financi… Show more

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Cited by 42 publications
(37 citation statements)
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“…Thapa et al (2020) presented the differential effects between standalone and business group firms on the credit restructuring of intense creditor liberties that increase credit supply and extend financially constrained firms to achieve higher benefits. Siegrist et al (2020) integrated a conceptual SCF framework with risk management, intangible assets and cost reduction by proficient resource utilization and revenue improvement to highlight how firms could utilize environmental sustainability in their long-term financial decision-making frameworks. Banerji and Fang (2020) contributed to the literature on financing and industrial corporations by featuring a capital utilizing modelled as an all-pay opposition in the digital environment.…”
Section: Introductionmentioning
confidence: 99%
“…Thapa et al (2020) presented the differential effects between standalone and business group firms on the credit restructuring of intense creditor liberties that increase credit supply and extend financially constrained firms to achieve higher benefits. Siegrist et al (2020) integrated a conceptual SCF framework with risk management, intangible assets and cost reduction by proficient resource utilization and revenue improvement to highlight how firms could utilize environmental sustainability in their long-term financial decision-making frameworks. Banerji and Fang (2020) contributed to the literature on financing and industrial corporations by featuring a capital utilizing modelled as an all-pay opposition in the digital environment.…”
Section: Introductionmentioning
confidence: 99%
“…Foreign scientists also pay a lot of attention to the study of the essence and assessment of economic stability. To be more specific, M. Siegrist et al believe that the economic justification for stability can be based on reducing the costs, increasing the revenues, and managing the risks and intangible assets (Siegrist, 2019). T. Fetzer et al systematically evaluated the rate of occurrence and causal determinants of economic anxiety as a prototype of economic stability when the coronavirus pandemic was just unfolding, when the Vol.…”
Section: Analysis Of the Existing Assessment Methodsmentioning
confidence: 99%
“…Otlyvanska (2017) and Kryvovyazyuk et al (2021) note that the main and primary condition for ensuring the stable development of a modern enterprise is the intensification of its investment activities with the implementation of appropriate strategies, the effectiveness of which is determined by the prospects for their development and sustainability in the external environment. Siegrist et al (2019) and Gaspar (2014) believe that the economic rationale for stability can be based on reducing costs, increasing revenues, and managing risks and intangible assets. In turn, Faber et al (2005) believe that there is some confusion regarding the definition of the essence of economic sustainability, which hinders the study of the conceptual framework for its implementation.…”
Section: Literature Reviewmentioning
confidence: 99%