We are writing a review paper currently titled "Environmental Management and Corporate Financial Performance" as abstracted below, and seek to collect working papers and publications that address the relationship between firms' environmental actions and financial consequences for shareholders. By this supporting webpage http://web.mit.edu/doncram/www/environmental/envir-fin-literature.html we seek to establish a complete listing of papers in this area. We expect that the public listing of these papers will itself be a service to managers and environmentalists interested in these issues, and plan to maintain this listing on a continuing basis even after our own critical review article is completed.

Please email comments and suggestions of other papers or references to: doncram@mit.edu or by postal mail to:

Donald P. Cram
MIT Sloan School
E52-343a
Cambridge, MA 02142
U.S.A.

Our Abstract (Version of September 1, 1999): We review the growing literature relating corporate environmental performance to financial performance. We seek to identify achievements and limitations of this literature, and to highlight areas for further research. Our primary interest is to assess the adequacy of the literature in informing corporate managers how, when, and where to make pro-environment investments that will pay off with financial returns for longterm shareholders. To do so, we create a conceptual framework that maps the influence of regulators, public health scientists, environmental advocates, consumers, employees, and other interested parties upon corporate financial returns. Our discussion has relevance to all parties interested in influencing corporate actions that affect the environment.

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