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Water and business

Two researchers at the Telfer School of Management will address the financial implications of corporate use of water resources.

For many firms, water is a key factor in the production of goods and services. However, as water availability and quality continue to decline, investors, creditors, and regulators have begun to place greater pressure on firms to disclose how they manage water resources, how their practices impact their businesses, and how these firms mitigate risks related to corporate use of water.

"Some of these risks include water scarcity, water pollution, droughts, and floods. If firms are not prepared to navigate these challenges, they can face a variety of business risks that could make their operation challenging,” explains Professor Mohamed Chelli.

However, very little is known about the impact of corporate use of water resources across firms, industries, and countries. Do firms pay a very high price for poorly managing water resources?

What’s this research about?

To answer this question, Professors Mohamed Chelli and Walid Ben Amar will examine the impact of corporate management and disclosure of water on market value and the implied cost of equity capital. The researchers have been awarded an Insight Development Grant by the Social Sciences and Humanities Research Council.

Who gains?

Insights gained from this research project will contribute to the timely debate in accounting research that focuses on climate change and corporate responsibility.

Moreover, by better understanding the impact of risks associated with how firms use water resources, Professors Chelli and Ben Amar will provide relevant evidence to support investors, policymakers, and regulators in their efforts to improve corporate transparency.

Ultimately, these research insights can help firms make better and more sustainable decisions.


The Telfer School of Management is committed to developing cutting-edge research in a variety of topics in management. As our faculty continues fostering research excellence, the Telfer School community and partners also benefit from valuable insights with impact. Find out how to apply for a SSHRC Insight Development Grant.


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