The Environment in Corporate Management

New Directions and Economic Insights

Jean-Baptiste Lesourd, Research Professor, Groupe de Recherche en Economie Quantitative d’Aix-Marseille (GREQAM), Université de la Méditerranée and Université de Droit, d’Economie et des Sciences d’Aix-Marseille, France and Steven G.M. Schilizzi, School of Agricultural and Resource Economics, The University of Western Australia, Perth, Australia

The Environment in Corporate Management includes an up-to-date treatment of business practices, norms and standards, using the tools of microeconomic and industrial organisation analysis to provide an ordered and consistent picture. The analysis is couched within stakeholder theory, which determines how costs and benefits are defined for the firm. Utilising the most recent information the book also focuses on the underlying long-term trends. Actual examples and case studies illustrate the discussions. The authors conclude by highlighting the inevitable need to link environment and finance, for better stakeholder relationships and business performance.

‘What is needed . . . is a cool, detached look at environmental and social responsibility in the context of the firm . . . and which utilises the formidable insights that come from the dramatic developments in economics in the last few decades. This is why I welcome Jean-Baptiste Lesourd and Steven Schilizzi’s book. It takes the viewpoint of the firm and brings it to bear on the various issues and the general findings of the theories of industrial organisation and microeconomics. This volume is not littered with maths and formal proofs, rather the intuition and results from that thinking have been turned into practical observation and recommendation.’
– From the foreword by David Pearce, University College London, UK