Environmental responsibility and firm value

Guenster Nadja, Koegst Jakob


Abstract

Description
Environmental crimes are primarily driven by financial motives. The combined financial value of illicit trade in protected wildlife, illegal logging and waste trafficking is estimated to come directly after counterfeiting, the narcotic drugs trade and illegal gambling. Logically, the proceeds of these crimes must also be laundered. Goods, however, are not the only money maker for environmental criminals. Corporations may also try to ‘save' costs by not complying with environmental regulations and thus commit crimes of omission rather than commission. From an enforcement and compliance perspective focusing on the proceeds of crime may therefore be an effective strategy. This book brings together different perspectives on the financial aspects of environmental crime and harm from a green criminological viewpoint. It addresses the role of economic systems, the value of environmental performance for corporations, money laundering in the context of environmental crime, financial investigation and questions of regulation and penalties. Discussing these topics from the view of green criminology, sociology and governance, this book will be of great interest to all those concerned about the financial dimensions of crime and the environment.



Publication type
Research article (book contribution)

Peer reviewed
Yes

Publication status
Published

Year
2018

Book title
Green Crimes and Dirty Money

Editor
Spapens Toine, White Rob, van Uhm Daan, Huisman Wim

Start page
113

End page
128

Title of series
https://www.routledge.com/Green-Crimes-and-Dirty-Money/Spapens-White-Uhm-Huisman/p/book/9780815372219

Publisher
Routledge

Place
Abingdon UK, New York, USA

Language
English

ISBN
978-0-8153-7221-9

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