It Pays to Be Green: The Market Talks Back
Companies that disclose greenhouse gas emissions see stock rise
Professor Paul Griffin is a leading international authority in accounting and financial information and disclosures. In this blog, he discusses the practical applications of his recent study on environmental disclosures, advising executives how to leverage the data for maximum impact
Recently, I worked with Yuan Sun of UC Berkeley to release a study showing that companies that released information about their greenhouse gas emissions and carbon reduction strategies saw their stock values rise. We tracked stock prices of firms around the time these companies voluntarily issued press releases disclosing carbon emission information. In the days following the press releases, these companies experienced a significant increase in their stock price.
Professor Shannon W. Anderson is an expert on the design and implementation of performance measurement and cost control systems. Her research spans the fields of management accounting and operations research. She has been using the “Moneyball” case in her MBA classes for several years. In this post, she offers an overview of how she applies it to business today.
Moneyball has become a metaphor for everything in business today: it touches heavily on concepts related to budgeting, data analytics and productivity. The movie is about how Oakland A’s General Manager Billy Beane revolutionized the process of scouting new baseball players on a budget by employing computer-generated analysis to sign new players and when best to put them in the line up. Brad Pitt was recently interviewed by NPR about making Moneyball and his role as Billy Beane. The interview provides snapshots of critical moments in the film that help put my points below in perspective.
When it comes to doing business in China, I’m frequently reminded of a Rudyard Kipling poem that begins: “East is East and West is West and never the twain shall meet.” The poem speaks to the vast cultural differences between East and West, differences that in Kipling’s time seemed irreconcilable. Well, it’s 2012 and Americans have been doing business with China for almost 30 years! There’s immeasurable opportunity for American businesses in the China market, and many different ways to tap its potential.
Women at the top executive level are a rare commodity. Why and how do we move forward and change the numbers?
This week, I attended Unlocking a Source of Growth: Women in the Boardroom, hosted by Watermark, an event that sought to answer these very questions. The event was held at the Rancho Cordova headquarters of VSP Global, an international vision care company with several senior women leaders including Chief Marketing Officer Kate Renwick Espinosa and Chief Operating Officer of Vision Care Laurie Costa.