메뉴 건너뛰기




Volumn 4, Issue 2, 2014, Pages 93-109

A framework to assist the financial community in incorporating water risks into their investment decisions

Author keywords

environmental finance; environmental investment; ethical investments; financial stakeholder; sustainable development; water finance

Indexed keywords


EID: 84919492036     PISSN: 20430795     EISSN: 20430809     Source Type: Journal    
DOI: 10.1080/20430795.2013.823853     Document Type: Article
Times cited : (29)

References (52)
  • 1
    • 77955843169 scopus 로고    scopus 로고
    • Content Analysis in Environmental Reporting Research: Enrichment and Rehearsal of the Method in a British-German Context
    • Beck, A. C., D., Cambell, and P. J., Shrives. 2010. Content Analysis in Environmental Reporting Research: Enrichment and Rehearsal of the Method in a British-German Context. The British Accounting Review, 42(3): 207–222. doi: 10.1016/j.bar.2010.05.002
    • (2010) The British Accounting Review , vol.42 , Issue.3 , pp. 207-222
    • Beck, A.C.1    Cambell, D.2    Shrives, P.J.3
  • 2
    • 80054954193 scopus 로고    scopus 로고
    • A Framework for Comparing Socially Responsible Investment Markets: An Analysis of the Dutch and Belgian Retail Markets
    • Benijts, T. 2010. A Framework for Comparing Socially Responsible Investment Markets: An Analysis of the Dutch and Belgian Retail Markets. Business Ethics: A European Review, 19(1): 50–53. doi: 10.1111/j.1467-8608.2009.01578.x
    • (2010) Business Ethics: A European Review , vol.19 , Issue.1 , pp. 50-53
    • Benijts, T.1
  • 3
    • 0842302376 scopus 로고    scopus 로고
    • Corporate Social Responsibility (CSR) Practices in the Context of Greek Industry
    • Bichta, C. 2003. Corporate Social Responsibility (CSR) Practices in the Context of Greek Industry. Corporate Social Responsibility and Environmental Management, 10(1): 12–24. doi: 10.1002/csr.31
    • (2003) Corporate Social Responsibility and Environmental Management , vol.10 , Issue.1 , pp. 12-24
    • Bichta, C.1
  • 4
    • 0347319499 scopus 로고    scopus 로고
    • Efficient Market Mechanisms to Cope with Water Scarcity
    • Bjornlund, H. 2003. Efficient Market Mechanisms to Cope with Water Scarcity. Water Resources Development, 19(4): 558–567. doi: 10.1080/0790062032000161364
    • (2003) Water Resources Development , vol.19 , Issue.4 , pp. 558-567
    • Bjornlund, H.1
  • 5
    • 0000230363 scopus 로고
    • Environmental Disclosures, Regulatory Costs, and Changes in Firm Value
    • Blacconiere, W. G., and D. M., Patten. 1994. Environmental Disclosures, Regulatory Costs, and Changes in Firm Value. Journal of Accounting and Economics, 18(3): 357–377. doi: 10.1016/0165-4101(94)90026-4
    • (1994) Journal of Accounting and Economics , vol.18 , Issue.3 , pp. 357-377
    • Blacconiere, W.G.1    Patten, D.M.2
  • 6
    • 0003148923 scopus 로고    scopus 로고
    • Environmental Risks and Bank Lending Liability
    • Boyer, M., and J.-J., Laffont. 1997. Environmental Risks and Bank Lending Liability. European Economic Review, 41(8): 1427–1459. doi: 10.1016/S0014-2921(96)00034-7
    • (1997) European Economic Review , vol.41 , Issue.8 , pp. 1427-1459
    • Boyer, M.1    Laffont, J.-J.2
  • 7
    • 85051292788 scopus 로고    scopus 로고
    • CDP Water Disclosure 2010 Global Report
    • 2010
    • CDP. 2010. CDP Water Disclosure 2010 Global Report, Carbon Disclosure Project, 2010
    • (2010) Carbon Disclosure Project
  • 11
    • 84959543820 scopus 로고    scopus 로고
    • San Francisco, Coalition for Environmental Responsible Economies
    • st Century Water Risk Management. San Francisco: Coalition for Environmental Responsible Economies
    • (2011) st Century Water Risk Management
  • 12
    • 33947593559 scopus 로고    scopus 로고
    • Triple Bottom Line Reporting to Promote Sustainability of Irrigation in Australia
    • Christen, E. W., M. L., Shepheard, W. S., Meyer, N. S., Jayawardane, and H., Fairweather. 2006. Triple Bottom Line Reporting to Promote Sustainability of Irrigation in Australia. Irrigation Drainage System, 20(4): 329–343. doi: 10.1007/s10795-006-9011-1
    • (2006) Irrigation Drainage System , vol.20 , Issue.4 , pp. 329-343
    • Christen, E.W.1    Shepheard, M.L.2    Meyer, W.S.3    Jayawardane, N.S.4    Fairweather, H.5
  • 13
    • 0008314663 scopus 로고
    • Environmental Risk and Management Strategy: The Implications for Financial Institutions
    • Coulson, A. B., and R., Dixon. 1995. Environmental Risk and Management Strategy: The Implications for Financial Institutions. International Journal of Bank Marketing, 13(2): 22–29. doi: 10.1108/02652329510078668
    • (1995) International Journal of Bank Marketing , vol.13 , Issue.2 , pp. 22-29
    • Coulson, A.B.1    Dixon, R.2
  • 14
    • 0031282676 scopus 로고    scopus 로고
    • Environmental Reporting by The Fortune 50 Firms
    • Davis-Walling, P., and S. A., Batterman. 1997. Environmental Reporting by The Fortune 50 Firms. Environmental Management, 21(6): 865–875. doi: 10.1007/s002679900073
    • (1997) Environmental Management , vol.21 , Issue.6 , pp. 865-875
    • Davis-Walling, P.1    Batterman, S.A.2
  • 15
    • 84864155590 scopus 로고    scopus 로고
    • Deloitte Touche Tohmatsu Global Sustainability Group, Accessed July 20, 2012
    • Deloitte Touche Tohmatsu. 2002. “Deloitte Sustainability Reporting Scorecard.” Deloitte Touche Tohmatsu Global Sustainability Group. Accessed July 20, 2012. http://www.deloitte.com/dtt/cda/doc/content/DTT_ERS_FullScorecard_032106.pdf
    • (2002) Deloitte Sustainability Reporting Scorecard
  • 16
    • 78751581621 scopus 로고    scopus 로고
    • Corporate Water Footprint Accounting and Impact Assessment: The Case of the Water Footprint of a Sugar-Containing Carbonated Beverage
    • Ercin, A. E. E., M. M., Aldaya, and A. Y., Hoekstra. 2011. Corporate Water Footprint Accounting and Impact Assessment: The Case of the Water Footprint of a Sugar-Containing Carbonated Beverage. Water Resource Management, 25(2): 721–741. doi: 10.1007/s11269-010-9723-8
    • (2011) Water Resource Management , vol.25 , Issue.2 , pp. 721-741
    • Ercin, A.E.E.1    Aldaya, M.M.2    Hoekstra, A.Y.3
  • 17
    • 77949571690 scopus 로고    scopus 로고
    • Implementation of Responsible Care in the chemical industry: Evidence from Greece
    • Evangelinos, K. I., E. I., Nikolaou, and A., Karagiannis. 2010. Implementation of Responsible Care in the chemical industry: Evidence from Greece. Journal of Hazardous Materials, 177(1–3): 822–828. doi: 10.1016/j.jhazmat.2009.12.107
    • (2010) Journal of Hazardous Materials , vol.177 , Issue.1-3 , pp. 822-828
    • Evangelinos, K.I.1    Nikolaou, E.I.2    Karagiannis, A.3
  • 18
    • 0035783795 scopus 로고    scopus 로고
    • The Impacts of Corporate Environmental Management Systems–a Comparison Between EMAS and ISO 14001
    • Freimann, J., and M., Walther. 2002. The Impacts of Corporate Environmental Management Systems–a Comparison Between EMAS and ISO 14001. Greener Management International, 36(Winter): 91–103
    • (2002) Greener Management International , vol.36 , Issue.Winter , pp. 91-103
    • Freimann, J.1    Walther, M.2
  • 20
    • 33645389278 scopus 로고    scopus 로고
    • A Review of Determinant Factors of Environmental Proactivity
    • Gonzalez-Benito, J., and O., Gonzalez-Benito. 2006. A Review of Determinant Factors of Environmental Proactivity. Business Strategy and the Environment, 15(2): 87–102. doi: 10.1002/bse.450
    • (2006) Business Strategy and the Environment , vol.15 , Issue.2 , pp. 87-102
    • Gonzalez-Benito, J.1    Gonzalez-Benito, O.2
  • 21
    • 39149086728 scopus 로고    scopus 로고
    • Industry Specific Social and Environmental Reporting: The Australian Food and Beverage Industry
    • Guthrie, J., S., Cuganesan, and L., Ward. 2008. Industry Specific Social and Environmental Reporting: The Australian Food and Beverage Industry. Accounting Forum, 32(1): 1–15. doi: 10.1016/j.accfor.2007.10.001
    • (2008) Accounting Forum , vol.32 , Issue.1 , pp. 1-15
    • Guthrie, J.1    Cuganesan, S.2    Ward, L.3
  • 22
    • 0034904473 scopus 로고    scopus 로고
    • Does Corporate Environmental Protection Increase or Decrease Shareholder value? The case of environmental investments
    • Halme, M., and J., Niskanen. 2001. Does Corporate Environmental Protection Increase or Decrease Shareholder value? The case of environmental investments. Business Strategy and the Environment, 10(4): 200–214. doi: 10.1002/bse.290
    • (2001) Business Strategy and the Environment , vol.10 , Issue.4 , pp. 200-214
    • Halme, M.1    Niskanen, J.2
  • 23
    • 0029137367 scopus 로고
    • Pollution as News: Media and Stock Market Reactions to the Toxic Release Inventory Data
    • Hamilton, J. 1995. Pollution as News: Media and Stock Market Reactions to the Toxic Release Inventory Data. Journal of Environmental Economics and Management, 28(1): 98–113. doi: 10.1006/jeem.1995.1007
    • (1995) Journal of Environmental Economics and Management , vol.28 , Issue.1 , pp. 98-113
    • Hamilton, J.1
  • 24
    • 0033246727 scopus 로고    scopus 로고
    • Institutional Evolution and Change: Environmentalism and the U.S. Chemical Industry
    • Hoffman, A. J. 1999. Institutional Evolution and Change: Environmentalism and the U.S. Chemical Industry. Academy of Management Journal, 42(4): 351–371. doi: 10.2307/257008
    • (1999) Academy of Management Journal , vol.42 , Issue.4 , pp. 351-371
    • Hoffman, A.J.1
  • 25
    • 0031641846 scopus 로고    scopus 로고
    • The EMAS Scheme: A Management Tool and Instrument of Environmental Policy
    • Honkasano, A. 1998. The EMAS Scheme: A Management Tool and Instrument of Environmental Policy. Journal of Cleaner Production, 6(2): 119–128. doi: 10.1016/S0959-6526(97)00068-1
    • (1998) Journal of Cleaner Production , vol.6 , Issue.2 , pp. 119-128
    • Honkasano, A.1
  • 26
    • 69249215251 scopus 로고    scopus 로고
    • Is An Environmental Management System Able to Influence Environmental and Competitive Performance? The Case of Eco-Management and Autidt Schemes (EMAS) in the European Union
    • Iraldo, R., F., Testa, and M., Frey. 2009. Is An Environmental Management System Able to Influence Environmental and Competitive Performance? The Case of Eco-Management and Autidt Schemes (EMAS) in the European Union. Journal of Cleaner Production, 17(16): 1444–1452. doi: 10.1016/j.jclepro.2009.05.013
    • (2009) Journal of Cleaner Production , vol.17 , Issue.16 , pp. 1444-1452
    • Iraldo, R.1    Testa, F.2    Frey, M.3
  • 27
    • 84862593921 scopus 로고    scopus 로고
    • Water Footprint and life Cycle Assessment as Approaches to Assess Potential Impacts of Products on Water Consumption. Key Learning Points From Pilot Studies on Tea and Margarine
    • Jefferies, D., I., Munoz, J., Hodges, V. J., King, M., Aldaya, A. E., Ercin, and L. M., Canals. 2012. Water Footprint and life Cycle Assessment as Approaches to Assess Potential Impacts of Products on Water Consumption. Key Learning Points From Pilot Studies on Tea and Margarine. Journal of Cleaner Production, 33, 155–166. doi: 10.1016/j.jclepro.2012.04.015
    • (2012) Journal of Cleaner Production , vol.33 , pp. 155-166
    • Jefferies, D.1    Munoz, I.2    Hodges, J.3    King, V.J.4    Aldaya, M.5    Ercin, A.E.6    Canals, L.M.7
  • 29
    • 78049361625 scopus 로고    scopus 로고
    • Mining, Water and Human Rights: Making the connection
    • Kemp, D., C. J., Bond, D. M., Franks, and C., Cote. 2010. Mining, Water and Human Rights: Making the connection. Journal of Cleaner Production, 18(15): 1553–1562. doi: 10.1016/j.jclepro.2010.06.008
    • (2010) Journal of Cleaner Production , vol.18 , Issue.15 , pp. 1553-1562
    • Kemp, D.1    Bond, C.J.2    Franks, D.M.3    Cote, C.4
  • 30
    • 0141525390 scopus 로고    scopus 로고
    • Accident Epidemiology and the U.S. Chemical Industry: Accident History and Worst-Case Data from RMP Info
    • Kleindorfer, P. R., J. C., Belke, M. R., Elliott, K., Lee, R. A., Lowe, and H. I., Feldman. 2003. Accident Epidemiology and the U.S. Chemical Industry: Accident History and Worst-Case Data from RMP Info. Risk Analysis, 23(5): 865–881. doi: 10.1111/1539-6924.00365
    • (2003) Risk Analysis , vol.23 , Issue.5 , pp. 865-881
    • Kleindorfer, P.R.1    Belke, J.C.2    Elliott, M.R.3    Lee, K.4    Lowe, R.A.5    Feldman, H.I.6
  • 32
    • 79952447356 scopus 로고    scopus 로고
    • Corporate Social Responsibility: Sustainable Water Use
    • Lamboy, T. 2011. Corporate Social Responsibility: Sustainable Water Use. Journal of Cleaner Production, 19(8): 852–866. doi: 10.1016/j.jclepro.2010.09.009
    • (2011) Journal of Cleaner Production , vol.19 , Issue.8 , pp. 852-866
    • Lamboy, T.1
  • 33
    • 4243072463 scopus 로고    scopus 로고
    • Scoring Corporate Environmental and Sustainability Reports Using GRI 2000, ISO 14031 and Other Criteria
    • Morhardt, J. E., S., Baird, and K., Freeman. 2002. Scoring Corporate Environmental and Sustainability Reports Using GRI 2000, ISO 14031 and Other Criteria. Corporate Social Responsibility and Environmental Management, 9(4): 215–233. doi: 10.1002/csr.26
    • (2002) Corporate Social Responsibility and Environmental Management , vol.9 , Issue.4 , pp. 215-233
    • Morhardt, J.E.1    Baird, S.2    Freeman, K.3
  • 34
    • 84886750800 scopus 로고    scopus 로고
    • The Effect of Environmental Accounting on Financial Risks Management of Firms via Insurance on Financial Risk Management of Firms via Insurance
    • Nikolaou, E. I., and A. N., Yannakopoulos. 2009. The Effect of Environmental Accounting on Financial Risks Management of Firms via Insurance on Financial Risk Management of Firms via Insurance. International Journal of Monetary Economics and Finance, 2(1): 1–15. doi: 10.1504/IJMEF.2009.023062
    • (2009) International Journal of Monetary Economics and Finance , vol.2 , Issue.1 , pp. 1-15
    • Nikolaou, E.I.1    Yannakopoulos, A.N.2
  • 35
    • 0037411989 scopus 로고    scopus 로고
    • The Message and Methods of Ethical Investments
    • O’ Rourke, A. 2003. The Message and Methods of Ethical Investments. Journal of Cleaner Production, 11(6): 683–693. doi: 10.1016/S0959-6526(02)00105-1
    • (2003) Journal of Cleaner Production , vol.11 , Issue.6 , pp. 683-693
    • O’ Rourke, A.1
  • 36
    • 0001269204 scopus 로고
    • Towards a New Competition of the Environment–Competitiveness Relationship
    • Porter, E. M., and C., van der Linde. 1995. Towards a New Competition of the Environment–Competitiveness Relationship. Journal of Economic Perspectives, 9(4): 07–118
    • (1995) Journal of Economic Perspectives , vol.9 , Issue.4 , pp. 07-118
    • Porter, E.M.1    van der Linde, C.2
  • 37
    • 70249139449 scopus 로고    scopus 로고
    • A Discussion of Greenhouse Gas Emission Tradeoffs and Water Scarcity within the Supply Chain
    • Reich-Weiser, C., and Dornfeld, D. A. 2009. “A Discussion of Greenhouse Gas Emission Tradeoffs and Water Scarcity within the Supply Chain.” Journal of Manufacturing Systems 28 (1): 23–72
    • (2009) Journal of Manufacturing Systems , vol.28 , Issue.1 , pp. 23-72
    • Reich-Weiser, C.1    Dornfeld, D.A.2
  • 38
    • 48749108761 scopus 로고    scopus 로고
    • Socially Responsible Investment: Institutional Aspects, Performance, and Investors Performance
    • Renneboog, L., J. T., Horst, and C., Zhang. 2008. Socially Responsible Investment: Institutional Aspects, Performance, and Investors Performance. Journal of Banking & Finance, 32(9): 1723–1742. doi: 10.1016/j.jbankfin.2007.12.039
    • (2008) Journal of Banking & Finance , vol.32 , Issue.9 , pp. 1723-1742
    • Renneboog, L.1    Horst, J.T.2    Zhang, C.3
  • 39
    • 0013010273 scopus 로고    scopus 로고
    • Six Cases of Corporate Strategic Responses to Environmental Regulation
    • Rugman, A. M., and A., Verbeke. 2000. Six Cases of Corporate Strategic Responses to Environmental Regulation. European Management Journal, 18(4): 377–385. doi: 10.1016/S0263-2373(00)00027-X
    • (2000) European Management Journal , vol.18 , Issue.4 , pp. 377-385
    • Rugman, A.M.1    Verbeke, A.2
  • 40
    • 79959721541 scopus 로고    scopus 로고
    • Using Corporate Social Responsibility Benchmarking Framework to Identify and Assess Corporate Social Responsibility Trends of Real Estate Companies Owing and Developing Shopping Centers
    • Sardinha, I. D., L., Reignders, and P., Antunes. 2011. Using Corporate Social Responsibility Benchmarking Framework to Identify and Assess Corporate Social Responsibility Trends of Real Estate Companies Owing and Developing Shopping Centers. Journal of Cleaner Production, 19(13): 1486–1493. doi: 10.1016/j.jclepro.2011.04.011
    • (2011) Journal of Cleaner Production , vol.19 , Issue.13 , pp. 1486-1493
    • Sardinha, I.D.1    Reignders, L.2    Antunes, P.3
  • 41
    • 84877122655 scopus 로고    scopus 로고
    • Corporate Sustainability Ratings: An Investigation into How Corporations Use the Dow Jones Sustainability Index
    • Searcy, C., and Elkhawas, D. 2012. Corporate Sustainability Ratings: An Investigation into How Corporations Use the Dow Jones Sustainability Index. Journal of Cleaner Production 35: 79–92
    • (2012) Journal of Cleaner Production , vol.35 , pp. 79-92
    • Searcy, C.1    Elkhawas, D.2
  • 42
    • 0033035284 scopus 로고    scopus 로고
    • Water Scarcity in the Twenty-First Century
    • Seckler, D., R., Barker, and U., Amarasinghe. 1999. Water Scarcity in the Twenty-First Century. Water Resources Development, 15(1/2): 29–42. doi: 10.1080/07900629948916
    • (1999) Water Resources Development , vol.15 , Issue.1-2 , pp. 29-42
    • Seckler, D.1    Barker, R.2    Amarasinghe, U.3
  • 43
    • 11844267225 scopus 로고    scopus 로고
    • Stakeholder Influences on Sustainability Practices in the Canadian Forest Products Industry
    • Sharma, S., and I., Henriques. 2005. Stakeholder Influences on Sustainability Practices in the Canadian Forest Products Industry. Strategic Management Journal, 26(2): 159–180. doi: 10.1002/smj.439
    • (2005) Strategic Management Journal , vol.26 , Issue.2 , pp. 159-180
    • Sharma, S.1    Henriques, I.2
  • 44
    • 68149100038 scopus 로고    scopus 로고
    • Development of an Evaluation Methodology for Triple Bottom Line Reporting Using International Sandards on Reporting
    • Skouloudis, A., K., Evangelinos, and F., Kourmousis. 2009. Development of an Evaluation Methodology for Triple Bottom Line Reporting Using International Sandards on Reporting. Environmental Management, 44(2): 298–311. doi: 10.1007/s00267-009-9305-9
    • (2009) Environmental Management , vol.44 , Issue.2 , pp. 298-311
    • Skouloudis, A.1    Evangelinos, K.2    Kourmousis, F.3
  • 45
    • 2942532132 scopus 로고    scopus 로고
    • Bringing the Environmental Into Bank Lending: Implications For Environmental Reporting
    • 218
    • Thompson, P., and C. J., Cowton. 2004. Bringing the Environmental Into Bank Lending: Implications For Environmental Reporting. The British Accounting Review, 36(2): 197, 218 doi: 10.1016/j.bar.2003.11.005
    • (2004) The British Accounting Review , vol.36 , Issue.2 , pp. 197
    • Thompson, P.1    Cowton, C.J.2
  • 46
    • 27944456456 scopus 로고    scopus 로고
    • General Deterrence and Corporate Environmental Behavior
    • Thornton, D., N. A., Gunningham, and R. A., Kagan. 2005. General Deterrence and Corporate Environmental Behavior. Law & Policy, 27(2): 263–288. doi: 10.1111/j.1467-9930.2005.00200.x
    • (2005) Law & Policy , vol.27 , Issue.2 , pp. 263-288
    • Thornton, D.1    Gunningham, N.A.2    Kagan, R.A.3
  • 48
    • 0037570417 scopus 로고    scopus 로고
    • Global Water Resources: Vulnerability from Climate Change and Population Growth
    • Vorosmarty, C. J., P., Green, J., Salisbury, and R. B., Lammers. 2000. Global Water Resources: Vulnerability from Climate Change and Population Growth. Science, 289(5477): 284–288. doi: 10.1126/science.289.5477.284
    • (2000) Science , vol.289 , Issue.5477 , pp. 284-288
    • Vorosmarty, C.J.1    Green, P.2    Salisbury, J.3    Lammers, R.B.4
  • 49
    • 0035092889 scopus 로고    scopus 로고
    • EMAS and Regulatory Relief in Europe Lessons from National Experience
    • Watzold, F., A., Bultmann, M., Eames, K., Lulofs, and S., Schucht. 2001. EMAS and Regulatory Relief in Europe Lessons from National Experience. European Environment, 11(1): 37–48. doi: 10.1002/eet.249
    • (2001) European Environment , vol.11 , Issue.1 , pp. 37-48
    • Watzold, F.1    Bultmann, A.2    Eames, M.3    Lulofs, K.4    Schucht, S.5
  • 51
    • 41949136319 scopus 로고    scopus 로고
    • Empirical Analysis of the Interaction of Environmental Risks into the Credit Risk Management Process of European Banks
    • Weber, O., M., Fenchel, and R. W., Scholz. 2008. Empirical Analysis of the Interaction of Environmental Risks into the Credit Risk Management Process of European Banks. Business Strategy and the Environment, 17(3): 149–159. doi: 10.1002/bse.507
    • (2008) Business Strategy and the Environment , vol.17 , Issue.3 , pp. 149-159
    • Weber, O.1    Fenchel, M.2    Scholz, R.W.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.