Corporate Water Return: A Five Factor Framework

Posted: 22 Mar 2016

Date Written: March 21, 2016

Abstract

This paper applies transaction cost theory to propose a framework based on hybrid governance structures that intermediates the gap between symbolism and substance in terms of corporate disclosure. It proposes the idea of “corporate water return” as a corollary to corporate water risk and argues, with reference to transaction cost theory, that firms may take actions that are outside the frame of business as usual, if the action is predicated on a competitive advantage that the firm enjoys. A prerequisite for the action to occur is that there are shared benefits both to the company and its external stakeholders which can be specifically attributed to the action. The paper offers a Five Factor Framework to describe this process, using the water infrastructure deficit challenge, and the concept of corporate water return as illustrative examples.

Suggested Citation

Money, Alex L. N., Corporate Water Return: A Five Factor Framework (March 21, 2016). Available at SSRN: https://ssrn.com/abstract=2752529

Alex L. N. Money (Contact Author)

University of Oxford ( email )

Worcester College
Oxford, Oxfordshire OX1 2HB
United Kingdom

HOME PAGE: http://www.water.ox.ac.uk

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