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SEARCH More than 5,600 stories! A great gift for crisis deniers! Humoring the Horror of the Converging Emergencies 94 color pages $24.99 now $15! Or read FREE online! Twitter Ping this story in social media: del.icio.us Digg Newsvine NowPublic Reddit Facebook StumbleUpon

Posted Thu May 29 2008: from Strategic Management Journal: Green Firms Rewarded By Financial Markets http://apocadocs.com/s.pl?1212101102 Using data on 267 U.S. firms, Mark Sharfman and Chitru S. Fernando of the University of Oklahoma analyzed whether firms that had improved their environmental risk management also experienced a reduction in their total cost of capital, and found evidence supporting their hypothesis. Financial markets seem to perceive greener firms as safer investments because of a reduced likelihood of litigation, government penalties, and/or catastrophic accidents. The financial markets reward this lower level of risk by charging the firm less for its capital, thus allowing the firm to carry more debt. [Read more stories about: ] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

The ApocaDocs say: Go green, and give great customer service, and you are golden! NEXT> More stories: White House issues climate report 4 years late Reforestation using exotic plants can disturb the fertility of tropical soils (Green Firms Rewarded By Financial Markets) Eating bugs Scientists warn of rising Pacific Coast acidity Want to explore more? Try the PaniCloud!

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