IMPACT OF THE CONTROL ROLE ON ENVIRONMENTAL COSTS IN ENHANCING THE FINANCIAL PERFORMANCE AND INCREASING THE COMPETITIVE TRAIT FOR INDUSTRIAL COMPANIES

Document Type : Review Article

Authors

1 Faculty of Commerce, Ain Shams University

2 National Research

3 Faculty of Engineering, Ain Shams University

Abstract

Sustainable development was the main issue that attracted many countries in the world, and was considered as the basis to save ground our environment for our generations and the coming ones. The awareness of the importance of environmental issues was not only recognized by the developed countries, but rather by underdevelopment ones. The industrial countries were much concerned with this issue because the industrial process has much effect on environment.
As one of the industrial countries, Egypt Arabia showed a great concern to the environmental issues and the Egypt government was most concerned with maintaining its natural resources demanding the private sector to play its role towards the environment.
Based on the above, an empirical study was conducted to study and analysis the environmental costs in the Egypt industrial sector, to highlight the extent of their concern to environmental issues and the nature of the environmental costs conducted by their firms.
The study has begun with an illustration of the environmental pollution and the industrial impacts on environment, and also an illustration of the concepts and nature of environmental costs and the methods of dealing with them through a number of previous case studies.
However the empirical study depended upon collecting its data study through a survey questionnaire spreads on the industrial sector, which concluded several results such as for example that the most important environmental impacts were gases and waste water, and that most firms are aware of these issues and, therefore, their concern to the environmental issues has increased through advertising and training their employees.
The study has also shown that most of the firms don’t have especial departments to manage environmental costs because the lake of its output system and the difficulty of tracking these kind of cost. The study also concluded that there were no standard for differentiating between the environmental operating costs and the environmental capital costs, and that the most common accepted cost to this sector was firefighting and radiations costs.
 

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