Green businesses are new forms of businesses that not only focus on building profits, but also pay attention to people and planet. As any other business companies, they might fail, being exposed to common economical and financial risks. These risks might represent a threat to the survival of those companies on the long run, impacting also their management operations. The thesis objective is to investigate the problems that challenged the correct financial sustainability of high-risk profile companies operating in green businesses. At the hearth of this analysis, Tesla motors and Solar City. These two high risk profile green companies have as core vision the infusion of environmental sustainability principles in normal sectors such as transportation and energy utility. The reason of choice for this companies is without any doubt their transparency in their operations, the accessibility to financial, and managerial datas and most importantly the innovation in their way to handle and solve critical business issues in a sustainable way. The results emerged from this cashflow analysis, suggest bankruptcy risk and solvency risk as the two major financial sustainability threats of high risks profile companies. The analysis enlightens the metrics that are to be monitored in order to keep the company financial situation under control. However, this analysis, also show that, a company can be bankrupt, or insolvent, but still has a high tangible asset value (property, plant, equipment) see fig 2, pag.18. A company who falls in one of these scenarios is therefore in a state in which, it has too much default to continue its operations, but at the same time too much value to close. Conglomeration merger appears therefore in that case, as a possible solution. An insolvent company will try to merge with a high liquidity profile company, and a bankrupt company will likely merge with a high equity profile one. As the thesis continues further in investigation, the conglomerate merge of Tesla Motors and Solar City Corp is leading in the creation of a new materiality, which impact is leading to a drastic transformation on the built environment, particularly in the residential housing sector .The term “built environment”, is intended as places and spaces created or modified by people including buildings, parks, and transportation systems.
Le imprese verdi sono nuove forme di attività che non si concentrano solo sulla costruzione di profitti, ma prestano attenzione anche alle persone e al pianeta. Come qualsiasi altra società, potrebbero non riuscirci, essendo esposti a rischi economici e finanziari comuni. Tali rischi potrebbero rappresentare una minaccia per la sopravvivenza di tali società nel lungo periodo, incidendo anche sulle loro operazioni di gestione. L'obiettivo della tesi è quello di indagare i problemi che hanno messo in discussione la corretta sostenibilità finanziaria delle società ad alto rischio che operano nel bussiness verde. Al centro di questa analisi, Tesla Motors e Solar City Corp. Queste due società ecologiche ad alto rischio hanno come visione fondamentale l'infusione di principi di sostenibilità ambientale in settori normali come il trasporto e l'utilità energetica. Il motivo di scelta di queste aziende è senza dubbio la loro trasparenza nelle loro operazioni, l'accessibilità ai dati finanziari e gestionali e, soprattutto, l'innovazione nel loro modo di gestire e risolvere i problemi aziendali critici in modo sostenibile. I risultati emersi da questa analisi del flusso di cassa, suggeriscono il rischio di fallimento e il rischio di solvibilità come le due principali minacce alla sostenibilità finanziaria delle società ad alto rischio. L'analisi chiarisce le metriche che devono essere monitorate al fine di tenere sotto controllo la situazione finanziaria dell'azienda. Tuttavia, questa analisi mostra anche che un'azienda può essere in bancarotta o insolvente, ma possiedere un elevato valore patrimoniale tangibile (proprietà, impianti, attrezzature), vedi fig. 2, pag.18. Una società che rientra in uno di questi scenari è quindi in uno stato in cui ha troppi default per continuare le sue operazioni, ma allo stesso tempo troppo valore per chiudere. La fusione conglomerata appare quindi in quel caso, come una possibile soluzione. Una società insolvente proverà a fondersi con una società ad alto profilo di liquidità, e una società fallita si fonderà probabilmente con una società di alto profilo azionario. Mentre la tesi prosegue ulteriormente nelle indagini, l'unione conglomerata di Tesla Motors e Solar City Corp sta conducendo alla creazione di una nuova materialità, il cui impatto sta portando a una drastica trasformazione dell'ambiente costruito, in particolare nel settore dell'edilizia residenziale. "Ambiente costruito", inteso come luoghi e spazi creati o modificati da persone, inclusi edifici, parchi e sistemi di trasporto.
Business sustainability and built environment. The impact of green businesses on the residential housing sector : a path toward the implementation of the United Nation goal 7
DOUNGALA KENGUI, GEORGES TRESOR
2018/2019
Abstract
Green businesses are new forms of businesses that not only focus on building profits, but also pay attention to people and planet. As any other business companies, they might fail, being exposed to common economical and financial risks. These risks might represent a threat to the survival of those companies on the long run, impacting also their management operations. The thesis objective is to investigate the problems that challenged the correct financial sustainability of high-risk profile companies operating in green businesses. At the hearth of this analysis, Tesla motors and Solar City. These two high risk profile green companies have as core vision the infusion of environmental sustainability principles in normal sectors such as transportation and energy utility. The reason of choice for this companies is without any doubt their transparency in their operations, the accessibility to financial, and managerial datas and most importantly the innovation in their way to handle and solve critical business issues in a sustainable way. The results emerged from this cashflow analysis, suggest bankruptcy risk and solvency risk as the two major financial sustainability threats of high risks profile companies. The analysis enlightens the metrics that are to be monitored in order to keep the company financial situation under control. However, this analysis, also show that, a company can be bankrupt, or insolvent, but still has a high tangible asset value (property, plant, equipment) see fig 2, pag.18. A company who falls in one of these scenarios is therefore in a state in which, it has too much default to continue its operations, but at the same time too much value to close. Conglomeration merger appears therefore in that case, as a possible solution. An insolvent company will try to merge with a high liquidity profile company, and a bankrupt company will likely merge with a high equity profile one. As the thesis continues further in investigation, the conglomerate merge of Tesla Motors and Solar City Corp is leading in the creation of a new materiality, which impact is leading to a drastic transformation on the built environment, particularly in the residential housing sector .The term “built environment”, is intended as places and spaces created or modified by people including buildings, parks, and transportation systems.| File | Dimensione | Formato | |
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BUSINESS SUSTAINABILITY AND BUILT ENVIRONMENT.pdf
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Descrizione: Business sustainability and built environment: The impact of green businesses on the residential housing sector , a path toward the implementation of the United Nation's goal 7.
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https://hdl.handle.net/10589/165388