Title: Valuing environmental management practices through contingent valuation. A review of recent applications

Authors: Ana Gessa-Perera; Sara García-Vivas; María-del-Mar González-Zamora

Addresses: Faculty of Business Studies, University of Huelva, Plaza de la Merced, 21071 Huelva, Spain ' Faculty of Economics and Business Studies, University of Seville, Avda. Ramón y Cajal, 1. 41018 Seville, Spain ' Faculty of Economics and Business Studies, University of Seville, Avda. Ramón y Cajal, 1. 41018 Seville, Spain

Abstract: The aim of this paper is to analyse empirical application of contingent valuation method to assess environmental management practices in order to: 1) contribute to an understanding of the importance that intangible aspects have for the assessment of environmental management practices; 2) identify gaps that lead us to propose actions to guide future research in this field. A literature review of scientific production in international journals for the period 2000-2011 has been undertaken. Some of our findings show that: empirical applications are scarce and even more so if they focus in projects promoted by the business sector; there are no longitudinal studies that could facilitate application of contingent valuation method in the private business sector; and only a small number of the studies analysed apply the results to measuring the performance of the proposed project through a cost-benefit analysis.

Keywords: economic assessment; environmental assessment; contingent valuation method; CVM; environmental management practices; sustainability management; literature review; sustainable development; intangibles; cost-benefit analysis.

DOI: 10.1504/IJSSOC.2016.074949

International Journal of Sustainable Society, 2016 Vol.8 No.1, pp.22 - 53

Available online: 25 Feb 2016

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