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FOREST ECOSYSTEM SERVICES: SELECTED KNOWLEDGE
Melichar, J. ; Horváthová, Eva
The assessment of ecosystem services (ES) has become an important concept during the last two decades and a model tool used to quantify the contribution of individual ecosystems (including the global one)\nand biodiversity to human well-being. Although there are a number of conceptual frameworks and a wide variety empirical applications, there is a lack of more detailed theoretical definitions based on ecological and economic theories as well ambiguity persists in defining the term ecosystem service. Ad hoc delineation and general formulation of this the concept is then limiting in the interpretation of the achieved results, the possibility of comparison across studies, including implementation transfer of values and functions of values, or when designing economic instruments such as payments for ecosystem services. Therefore, in this paper we discuss terms such as final product, intermediate product,\necological production function and utility function, i.e. concepts that are decisive for the correct definition of ES from the point of view economic theory.
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Environmental policy and firm financial performance
Horváthová, Eva ; Lízal, Lubomír (advisor) ; Janda, Karel (referee) ; Pavel, Jan (referee)
In my PhD thesis I investigate the relationship between corporates' financial and environmental performances. The concept of quantitative environmental performance measures was introduced to enable to compare and analyse environmental impacts of different socioeconomic units e.g. companies, countries, regions. In my dissertation, I use environmental performance measures to examine their effect on the financial performance of different companies. In the first chapter, I apply a metaanalysis to examine the results of the previous studies which investigate the impact of firms' environmental performance on their financial performance. The outcomes propose that it is important to account for the omitted variable bias such as unobserved firm heterogeneity. The results suggest that it takes time for the environmental regulation to materialize into the financial performance, too. In the subsequent two chapters I study Czech firms over 20042008. First I study the intertemporal effects of corporates' environmental performance on financial ...
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Environmental policy and firm financial performance
Horváthová, Eva ; Lízal, Lubomír (advisor) ; Janda, Karel (referee) ; Pavel, Jan (referee)
In my PhD thesis I investigate the relationship between corporates' financial and environmental performances. The concept of quantitative environmental performance measures was introduced to enable to compare and analyse environmental impacts of different socioeconomic units e.g. companies, countries, regions. In my dissertation, I use environmental performance measures to examine their effect on the financial performance of different companies. In the first chapter, I apply a metaanalysis to examine the results of the previous studies which investigate the impact of firms' environmental performance on their financial performance. The outcomes propose that it is important to account for the omitted variable bias such as unobserved firm heterogeneity. The results suggest that it takes time for the environmental regulation to materialize into the financial performance, too. In the subsequent two chapters I study Czech firms over 20042008. First I study the intertemporal effects of corporates' environmental performance on financial ...
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