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Ecology-Driven Real Options: An Investment Framework for Incorporating Uncertainties in the Context of the Natural Environment

Journal of business ethics, 2009-12, Vol.90 (2), p.295-310 [Peer Reviewed Journal]

Copyright 2009 Springer ;Springer Science+Business Media B.V. 2009 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-009-0043-y ;CODEN: JBUEDJ

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Title:
Ecology-Driven Real Options: An Investment Framework for Incorporating Uncertainties in the Context of the Natural Environment
Author: Busch, Timo ; Hoffmann, Volker H.
Subjects: Adjustment ; Business and Management ; Business environments ; Business Ethics ; Business structures ; Decision making ; Ecological economics ; Ecological sustainability ; Ecology ; Education ; Endowment ; Environmental economics ; Environmental management ; Ethics ; Green businesses ; Investment decisions ; investment planning ; Investment plans ; Investment strategies ; Management ; Management decisions ; natural environment ; Natural environments ; Natural resources ; Philosophy ; Planning ; Quality of Life Research ; real options ; Real options analysis ; Social responsibility ; Society ; Strategic management ; Studies ; Uncertainty
Is Part Of: Journal of business ethics, 2009-12, Vol.90 (2), p.295-310
Description: The role of uncertainty within an organization's environment features prominently in the business ethics and management literature, but how corporate investment decisions should proceed in the face of uncertainties relating to the natural environment is less discussed. From the perspective of ecological economics, the salience of ecology-induced issues challenges management to address new types of uncertainties. These pertain to constraints within the natural environment as well as to institutional action aimed at conserving the natural environment. We derive six areas of ecology-induced uncertainties and propose ecology-driven real options as a conceptual approach for systematically incorporating these uncertainties into strategic management. We combine our results in an integrative investment framework and illustrate its application with the case of carbon constraints.
Publisher: Dordrecht: Springer
Language: English
Identifier: ISSN: 0167-4544
EISSN: 1573-0697
DOI: 10.1007/s10551-009-0043-y
CODEN: JBUEDJ
Source: ProQuest One Psychology
Alma/SFX Local Collection
RePEc
ProQuest Central

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Ecology-Driven Real Options: An Investment Framework for Incorporating Uncertainties in the Context of the Natural Environment

Copyright 2009 Springer ;Springer Science+Business Media B.V. 2009 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-009-0043-y ;CODEN: JBUEDJ

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