Hahn, Tobias; Figge, Frank; Liesen, Andrea; Barkemeyer, Ralf - 2014
In this paper, we propose the return-to-cost-ratio (RCR) as an alternative approach to the analysis of operational eco-efficiency of companies based on the notion of opportunity costs. RCR helps to overcome two fundamental deficits of existing approaches to eco-efficiency. (1) It translates...