Factors influencing managers’ environmental investment decisions: an empirical examination in the Australian offshore oil and gas industry

Sarker, Tapan ORCID: https://orcid.org/0000-0002-0682-2940 (2017) Factors influencing managers’ environmental investment decisions: an empirical examination in the Australian offshore oil and gas industry. International Journal of Environmental Policy and Decision Making, 2 (3). pp. 236-270. ISSN 1752-6906


Abstract

The purpose of this paper is to investigate the effects on environmental investment decision-making of: a firm’s regulatory climate, and information strategy. In a between participant 2 x 2 design, professional managers were randomly assigned to two of the four conditions of a fictitious company’s regulatory climate (coercive government regulatory or industry selfregulatory climate) and information strategy (conventional accounting information or environmental accounting information). Managers from a sample of 52 offshore oil and gas companies in Australia were involved in the experiment. The study results find that both regulatory climate and information strategy have strong main effects on managers’ environmental investment decision. However, contrary to the literature, these two variables have not shown any interaction effect on managers’ environmental investment decision. The findings of this study are important to businesses and policy makers as they provide empirical evidence of the relative efficacy of environmental regulation and information strategy.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 03 May 2022 02:30
Last Modified: 16 May 2022 02:52
Uncontrolled Keywords: Investment decisions, managerial intention, empirical study
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350201 Environment and climate finance
35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350702 Corporate social responsibility
Socio-Economic Objectives (2020): 19 ENVIRONMENTAL POLICY, CLIMATE CHANGE AND NATURAL HAZARDS > 1903 Mitigation of climate change > 190301 Climate change mitigation strategies
Identification Number or DOI: https://doi.org/10.1504/IJEPDM.2017.085408
URI: http://eprints.usq.edu.au/id/eprint/47724

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