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Do Environmental Social Controls Matter to Australian Capital Investment Decisions?. Donald G Ross, MGSM Dorothy Wood, ANU. Environmental Social Controls & Capital Investment Decision-Making in Australia. Mandatory Disclosure Regulations Subsidies Stakeholder Opinion
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Do Environmental Social Controls Matter to Australian Capital Investment Decisions? Donald G Ross, MGSM Dorothy Wood, ANU
Environmental Social Controls & Capital Investment Decision-Making in Australia • Mandatory Disclosure • Regulations • Subsidies • Stakeholder Opinion • Capital Investment Decision-Making
Research Questions & Method • What is the relative weight of MD, R, S, & SO in the capital investment manager’s assessments? • How important are ESCs relative to mainstream strategic and financial capital investment factors? • Does industry type moderate the influence of ESCs? • Method: survey of 1,000 Australian capital investment managers
Findings • Regulations and Stakeholder Opinion relatively important – subsidies probably not effectively used – mandatory disclosure doesn’t matter • ESCs less important than mainstream strategic and financial factors – power levels need to be reconsidered • Industry sensitivity substantially increases the influence of ESCs