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| Managing Environmental Risk and
Investment Opportunities to Maximize Shareholder Wealth Author: Christopher A. Manning Start Page: 351 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. |
