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Stakeholder value analysis: a methodology for intergrating stakeholder values into corporate enviromental investment decisions

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  • Graham Earl
  • Roland Clift

Abstract

Increasingly, decision‐makers in industry are being faced with complex investment decisions created and made emotive by diverse stakeholder expectations. Investments with the potential to have an impact on a company's environmental performance are a prime example of this since they are driven by multidimensional impacts, many of which are difficult to quantify in scientific and monetary terms. This paper presents a stakeholder value analysis (SVA) model, which can be used to address such problems, using a multiple‐attribute decision methodology. This decision tool has been developed and validated through a series of industrial applications, one of which is outlined here. This application describes the use of the tool in a company context whereby stakeholders from within the company are canvassed for their priorities and views. The SVA tool is used not only to guide and support this process but also to analyse the data and consequently produce output decision metrics, which express the preferences of all relevant stakeholders and which can therefore be more confidently used to support the final decision. Copyright © 1999 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • Graham Earl & Roland Clift, 1999. "Stakeholder value analysis: a methodology for intergrating stakeholder values into corporate enviromental investment decisions," Business Strategy and the Environment, Wiley Blackwell, vol. 8(3), pages 149-162, May.
    • Handle: RePEc:bla:bstrat:v:8:y:1999:i:3:p:149-162
    DOI: 10.1002/(SICI)1099-0836(199905/06)8:33.0.CO;2-Q
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    References listed on IDEAS

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    1. Ralph L. Keeney, 1982. "Feature Article—Decision Analysis: An Overview," Operations Research, INFORMS, vol. 30(5), pages 803-838, October.
    2. Yoram Wind & Thomas L. Saaty, 1980. "Marketing Applications of the Analytic Hierarchy Process," Management Science, INFORMS, vol. 26(7), pages 641-658, July.
    3. Ward Edwards & Detlof von Winterfeldt, 1987. "Public Values in Risk Debates," Risk Analysis, John Wiley & Sons, vol. 7(2), pages 141-158, June.
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    Cited by:

    1. Pall Rikhardsson & Claus Holm, 2008. "The effect of environmental information on investment allocation decisions – an experimental study," Business Strategy and the Environment, Wiley Blackwell, vol. 17(6), pages 382-397, September.
    2. Radek Tahal & Tomáš Formánek, 2022. "Environmental Stances and Lifestyle Preferences in Czechia: Generational Aspects and Socio-Demographic Implications," Central European Business Review, Prague University of Economics and Business, vol. 2022(5), pages 1-21.

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