Publication detail

Investment into Environmental Protection

Authors: Hyršlová Jaroslava | Hájek Miroslav

Year: 2005

Type of publication: článek ve sborníku

Name of source: Proceedings of The International Conference "BUSINESS-STUDIES-SCIENCE 2005"

Publisher name: Zemaitija College

Place: Rietavas, Lithuania

Page from-to: 125-128

Titles:

Language	Name	Abstract	Keywords
cze	Investice do ochrany životního prostředí	XXX	ochrana životního prostředí, environmentální manažerské účetnictví, investiční rozhodování
eng	Investment into Environmental Protection	As investments predetermine the development of a company, frequently for many years in advance, decision-making in this respect is a strategic matter. If, e.g., investments connected with prevention of pollution are neglected or not implemented in time, this may lead to increased costs in the future. It is apparent from historical developments that environmental problems frequently occur very rapidly and can be connected with very important changes in the business environment, shifting development towards greater eco-efficiency. The rate of changes determines the strategic importance of environmental projects for companies. In the framework of investment decision-making, it is thus necessary to consider all potential and strategically relevant aspects of investments. It is necessary to include the opportunity costs of unrealised environmental protection in the decision-making, where these costs correspond to the forgone benefits following from environmental protection, connected primarily with company costs.	environmental protection, environmental management accounting, investment appraisal

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