1. Environmental Indexes and Financial Ratios in SME.
- Author
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Savvidis, Savvas and Ginoglou, Dimitrios
- Subjects
- *
ACCOUNTING , *BUSINESS enterprises , *FINANCIAL ratios , *ENVIRONMENTAL indicators , *SOCIAL responsibility of business , *SMALL business - Abstract
To date, accounting and financial sciences have attempted to assess companies using financial ratios and other techniques that evaluate only the front office, without considering its impact to the environment. Recently, this assessment has been expanded to include new concepts, known as corporate social responsibility and social balance. These new concepts are usually viewed and studied using a multidisciplinary perspective with an aim to update the current and future value of the company. In this evolving scientific field a considerable effort has been made to objectively record and calculate the environmental impact of a company's activities by integrating these elements into a new form of economic balance sheet. The present paper seeks to examine the presence of weighted environmental indexes and explores the process by which they can be used to evaluate a company. [ABSTRACT FROM AUTHOR]
- Published
- 2014