Do environmental social controls matter to Australian capital investment decision‐making?
研究了澳大利亚资本投资经理如何看待强制性披露、法规、补贴和利益相关者意见等环境社会控制的相对重要性，发现法规和利益相关者意见最重要，但整体影响远小于主流财务和战略因素。
Abstract This paper looks at how environmental social controls (ESCs), namely mandatory disclosure, regulation, subsidies and stakeholder opinion, are perceived in terms of their relative importance by Australian capital investment managers. We find that regulation and stakeholder opinion are the most important ESCs. Subsidies generally have less influence, while mandatory disclosure has almost no impact on capital investment decisions. However, even the more important ESCs have much less than impact than mainstream financial and strategic factors. Policy makers seeking to influence capital investment managers will have to increase the power levels of the various ESCs if they are to change behaviour. Copyright © 2008 John Wiley & Sons, Ltd and ERP Environment.