Sustainability in Business: A Financial Economics Analysis

Abstract

Intro -- Preface -- Contents -- List of Figures -- List of Tables -- 1 Introduction -- Sustainability and Sustainable Goals -- Basic Economic Concepts and Their Awesome Power -- Model for Sustainability with the Concept of Social Distance -- United Nations Sustainable Development Goals (UN SDGs) -- Intergenerational and Intragenerational Transforms -- A Word of Caution on Economic Models -- Plato's Allegory of the Cave (A Strange Interpretation) -- Government's Role in Defining Limits and Generational Transfers -- References -- 2 Economic Models -- Transitivity and Binary Choices -- Stated Versus Revealed Preference -- Portfolio Choice -- Consumption Utility Model -- Consumption Utility Model Through Time -- Fisher Approximation (1930) -- Sustainability Utility Model -- Line in the Sand or a Spectrum of Options -- Binomial Pricing Models for Uncertainty -- Edgeworth Box and Societal Agreement -- Infinity and Finance -- Infinite Costs -- Infinity and Going Concern -- References -- 3 Growth and Business Sustainability -- Leverage -- Innovation -- Demographics -- Role of Government -- 4 Certification of Sustainability -- Trust and Acceptance in the Certification -- Measurability of the Certification -- Relationship of Certification to Social Distance -- Relationship of Certification to Stakeholders -- Sustainable Accounting Standards Board (SASB) -- Governmental Role in Certification -- Stability and Consistency -- Reference -- 5 Corporate Implementation and Business Forms -- Net Present Value and Discounted Cash Flows -- Payback Period -- Internal Rate of Return (IRR) -- Equivalent Annual Cost: Long Versus Short Term -- Sustainable Net Present Value (SNPV) -- Manipulations to the Cash Flow Model -- Business Forms -- Sole Proprietorships -- Partnerships -- Limited Liability Corporations: Private -- Limited Liability Corporations: Public.