Experienced and Novice Investors: Does Environmental Information Influence Investment Allocation Decisions?

Holm, Claus; Ríkharðsson, Páll

doi:10.1080/09638180802016627

Cited by 101 publications

(81 citation statements)

References 53 publications

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“…In addition, Rikhardsson and Holm (2008) find that adding quantitative ESG information mitigates rather than extends the directional effect of qualitative ESG information. In a second experiment, Holm and Rikhardsson (2008) again find support for the notion that ESG reporting influences investment-allocation decisions. However, they extend prior research by analysing moderating factors such as the experience level of investors which affect the observed investment allocation decisions.…”

Section: The Example Of Esg Reportingmentioning

confidence: 64%

Testing vs. building accounting theory with experimental research: insights from management research

Reimsbach

Hauschild

2015

IJBAF

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With this conceptual paper, we want to raise scholars' awareness of the underused potential of experiments in accounting research. We refer to research taxonomies from the management discipline to explore the role of experimental research in testing and building accounting theory. Although the contribution of laboratory research to testing theory is well acknowledged, we argue that exploratory experimental research efforts also have the potential to build new theory, pointing at the underused potential of experiments in current accounting research. In doing so, we (i) provide a clear understanding of theory building and theory testing in accounting research; (ii) present a guideline for assessing the degree of theory building and theory testing inherent in any (experimental) study. Furthermore, we argue that an inter-study triangulation aligning experimental and archival methodologies will have the potential to produce results that are robust to internal and external validity concerns, thus advancing accounting theory.

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Section: The Example Of Esg Reportingmentioning

confidence: 64%

Testing vs. building accounting theory with experimental research: insights from management research

Reimsbach

Hauschild

2015

IJBAF

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“…Essa característica faz com que decisores usualmente não sejam hábeis em tomar decisões plenamente racionais no tocante a investimentos desse tipo. Diversos aspectos podem influenciar suas decisões, tais como ancoragem em experiências anteriores, crenças, informações incompletas, pouca racionalidade, entre outros (Bannister & Remenyi, 2000;Clemons & Weber, 1990;Holm & Rikhardsson, 2008;Renkema, 1998;Sanchez & Albertin, 2009). Esses aspectos podem trazer grandes dificuldades para os gestores avaliarem adequadamente os aportes de recursos sobre a infraestrutura necessária para operacionalização dos sistemas de informação, uma vez que estes aportes podem gerar benefícios indiretos e intangíveis (Clemons & Weber, 1990;Davern & Kauffman, 2000;Ryan & Harrison, 2000).…”

Section: H1unclassified

Antecedentes da adoção da computação em nuvem: efeitos da infraestrutura, investimento e porte

Sanchez

Cappellozza

2012

Rev. adm. contemp.

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A computação em nuvem, uma forma peculiar de armazenamento e disponibilização de informações, tem despertado muito interesse pelo seu potencial de alterar significativamente os investimentos em infraestrutura de Tecnologia da Informação (TI). Paradoxalmente, ao mesmo tempo em que surge o benefício para as organizações da possibilidade de executarem computação em nuvem, os decisores deparam-se com o dilema advindo da possibilidade de que concorrentes tenham acesso a recursos anteriormente escassos ou diferenciais, fontes de vantagem competitiva. A questão que emerge é saber se a computação em nuvem aumenta a complexidade da decisão de investimentos ou, em oposição, simplifica essa análise, ao permitir que recursos sejam liberados para investimentos em outras competências requeridas pelo negócio. Esta pesquisa investiga quais são os antecedentes associados à decisão de efetuar computação em nuvem e avalia os efeitos da infraestrutura de TI existente, do porte e do montante de investimentos nessa decisão. Por meio da análise de dados secundários, apresenta um modelo estrutural acompanhado de explicações sobre as relações encontradas. As contribuições do artigo envolvem a explicação teórica sobre o problema da decisão de investimentos em TI nesse contexto e da decisão por adotar computação em nuvem, adicionalmente, apresenta algumas implicações gerenciais desses achados. Limitações da pesquisa e sugestões para evoluções em estudos futuros são apresentadas.

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“…Holm & Rikhardsson [26,27] found that environmental information has the potential to affect investment decisions-although this is affected by the investment time scale, the experience of the investor, and whether the information provided is qualitative or quantitative. However, Koellner et al [28] suggested that there is a need for a reliable comparative assessment of sustainability of ethical funds, which is not currently available, to support investment choices.…”

Section: Literature Reviewmentioning

confidence: 99%

An exploratory investigation of barriers and enablers affecting investment in renewable companies and technologies in the UK

et al. 2013

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The last few years have seen considerable research expenditure on renewable fuel technologies. However, in many cases, the necessary sustained and longterm funding from the investment community has not been realized at a level needed to allow technologies to become reality. According to global consulting firm Deloitte's recent renewable energy report (http://www.deloitte. com/energypredictions2012), many renewable energy projects stalled or were not completed because of issues including the global economy, the state of government finances, difficulties in funding and regulatory uncertainty. This investigation concentrates on the funding aspect and explores the perceived barriers and enablers to renewable technologies within the investment and renewables community. Thematic analysis of 14 in-depth interviews with representatives from renewable energy producers, banks and investment companies identified key factors affecting the psychology of investor behaviour in renewables. Eight key issues are highlighted, including a range of barriers and enablers, the role of the government, balance between cost/risk, value/return on investment, investment time scales, personality/ individual differences of investors and the level of innovation in the renewable technology. It was particularly notable that in the findings the role of the government was discussed more than other themes and generally in quite critical terms, highlighting the need to ensure consistency in government funding and policy and a greater understanding of how government decisionmaking happens. Specific findings such as these illustrate the value of crossing disciplinary boundaries and highlight potential further research. Behavioural science and economic psychology in particular have much to offer at the interface of other disciplines such as political science and financial economics.

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Experienced and Novice Investors: Does Environmental Information Influence Investment Allocation Decisions?

Cited by 101 publications

References 53 publications

Testing vs. building accounting theory with experimental research: insights from management research

Testing vs. building accounting theory with experimental research: insights from management research

Antecedentes da adoção da computação em nuvem: efeitos da infraestrutura, investimento e porte

An exploratory investigation of barriers and enablers affecting investment in renewable companies and technologies in the UK

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