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It's not easy being green: a Dartmouth study finds that voluntary corporate climate change initiatives often reduce shareholder wealth.

Publication: The American (Washington, DC)
Publication Date: 01-JUL-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
At any company, write Dartmouth economists Karen Fisher-Vanden and Karin S. Thorburn, "The board of directors has a fiduciary duty to shareholders." In a recent study, they set out to determine "if environ mentally responsible investments (ERI)--i.e., voluntary capital expenditure decisions aimed at reducing the pollution of the firm--and...

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