- About this Journal ·
- Abstracting and Indexing ·
- Aims and Scope ·
- Article Processing Charges ·
- Author Guidelines ·
- Bibliographic Information ·
- Citations to this Journal ·
- Contact Information ·
- Editorial Board ·
- Editorial Workflow ·
- Free eTOC Alerts ·
- Publication Ethics ·
- Recently Accepted Articles ·
- Reviewers Acknowledgment ·
- Submit a Manuscript ·
- Subscription Information ·
- Table of Contents
Economics Research International
Volume 2012 (2012), Article ID 142910, 9 pages
Creating Values for Sustainability: Stakeholders Engagement, Incentive Alignment, and Value Currency
New York Institute of Technology-Vancouver, 1700-701 W. Georgia Street, Vancouver BC, Canada V7Y 1C6
Received 6 August 2011; Revised 18 October 2011; Accepted 20 October 2011
Academic Editor: Almas Heshmati
Copyright © 2012 Frank T. Lorne and Petra Dilling. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
- R. H. Coase, “The nature of the firm,” Economica, vol. 4, pp. 386–405, 1937.
- A. A. Alchian and H. Demsetz, “Production, information costs and economic organization,” American Economic Review, vol. 62, no. 5, pp. 777–795, 1973.
- A. A. Alchian, “Uncertainty, evolution and economic theory,” Journal of Political Economy, vol. 58, pp. 211–221, 1950.
- S. Schaltegger and R. L. Burritt, “Sustainability accounting for companies: catchphrase or decision support for business leaders?” Journal of World Business, vol. 45, no. 4, pp. 375–384, 2010.
- R. L. Burritt and S. Schaltegger, “Sustainability accounting and reporting: fad or trend?” Accounting, Auditing and Accountability Journal, vol. 23, no. 7, pp. 829–846, 2010.
- A. Kourula, “Evaluating cross-section partnerships—sponsorship, dialogue or strategic partnership?” in Proceedings of the 2nd Annual International Conference on Business and Sustainability: Designing Sustainability, Portland State University, October 2008.
- M. Halme and J. Laurila, “Philanthropy, integration or innovation? Exploring the financial and societal outcomes of different types of corporate responsibility,” Journal of Business Ethics, vol. 84, no. 3, pp. 325–339, 2009.
- J. Margolis and J. P. Walsh, “Does Misery Love Companies? How Social Performance Pays Off,” 2001, Harvard Business School Working Knowledge, http://hbswk.hbs.edu/item/2369.html.
- L. W. C. Lai and F. T. Lorne, “Implementing sustainable development: institutional features,” in Implementing and Understanding Sustainable Development, L. W. C. Lai and F. T. Lorne, Eds., chapter 1, Nova Science, New York, NY, USA, 2003.
- L. W. C. Lai and F. T. Lorne, “The coase theorem and planning for sustainable development,” Town Planning Review, vol. 77, no. 1, pp. 41–73, 2006.
- F. Lorne, “Macro-entrepreneurship and sustainable development: the need for innovative solutions for promoting win-win interactions,” Environmental Economics and Policy Studies, vol. 10, no. 2, 2009.
- J. D. Margolis and J. P. Walsh, “Misery loves companies: rethinking social initiatives by business,” Administrative Science Quarterly, vol. 48, no. 2, pp. 268–305, 2003.
- M. Wagner and S. Schaltegger, “How does sustainability performance relate to business competitiveness?” Greener Management International, no. 44, pp. 5–16, 2003.
- J. Dillard, D. Brown, and R. S. Marshall, “An environmentally enlightened accounting,” Accounting Forum, vol. 29, no. 1, pp. 77–101, 2005.
- M. C. Jensen, “Value maximization, stakeholder theory, and the corporate objective function,” in Breaking the Code of Change, M. Beer and N. Nohria, Eds., HBS Press, 2000.
- O. E. Williamson, Markets and Hierachies: Analysis and Antitrust Implications, Free Press, New York, NY, USA, 1975.
- M. C. Jensen and W. H. Meckling, “Theory of the firm: managerial behavior, agency costs and ownership structure,” Journal of Financial Economics, vol. 3, no. 4, pp. 305–360, 1976.
- F. Eugene, “Agency problems and the theory of the firm,” Journal of Political Economy, vol. 88, no. 2, pp. 288–307, 1980.
- E. F. Fama and M. C. Jensen, “Organizational forms and investment decisions,” Journal of Financial Economics, vol. 14, no. 1, pp. 101–119, 1985.
- E. Ostrom, Governing the Commons: The Evolution of Institutions for Collective Action, Cambridge University Press, New York, NY, USA, 1990.
- D. E. M. Sappington, “Incentives in principal-agent relationships,” Journal of Economic Perspectives, vol. 5, no. 2, pp. 45–66, 1991.
- E. G. Furubotn and R. Richter, Institutions and Economic Theory: The Contribution of the New Institutional Economics, University of Michigan Press, Ann Arbor, Mich, USA, 1997.
- H. S. James Jr., New Ideas in Contracting and Organizational economics Research, Nova Science Publishers, Hauppauge, NY, USA, 2005.
- S. Schaltegger and F. Figge, “Environmental shareholder value: economic success with corporate environment management,” Eco-Management and Auditing, vol. 7, no. 1, pp. 29–42, 2000.
- F. Figge and T. Hahn, “Value-oriented impact assessment: the economics of a new approach to impact assessment,” Journal of Environmental Planning and Management, vol. 47, no. 6, pp. 921–941, 2004.
- M. Barkusky and F. Lorne, “Economic rationales for corporate social responsibility,” International Journal of Environment, Workplace and Employment, vol. 2, no. 2-3, 2006.
- M. J. Epstein and M.-J. Roy, “Sustainability in action: identifying and measuring the key performance drivers,” Long Range Planning, vol. 34, no. 5, pp. 585–604, 2001.
- J. Emerson, “The blended value proposition: integrating social and financial returns,” California Management Review, vol. 45, no. 4, pp. 35–51, 2003.
- D. Brown, J. Dillard, and R. S. Marshall, “Strategically informed, environmentally conscious information requirements for accounting information systems,” Journal of Information Systems, vol. 19, no. 2, pp. 79–103, 2005.
- G. J. Stigler, The Theory of Price, Macmillan, New York, NY, USA, 3rd edition, 1966, (in italics).