How does environmental accounting information influence attention and investment?

被引:22
作者
Alewine, Hank C. [1 ]
Stone, Dan N. [2 ]
机构
[1] Univ Alabama Huntsville, Coll Business Adm, Huntsville, AL 35899 USA
[2] Univ Kentucky, Gatton Coll Business & Econ, Lexington, KY 40506 USA
关键词
United States of America; Investments; Decision making; Accounting information; Environmental accounting; Sustainability balanced scorecard; Investment decisions; Decision strategies;
D O I
10.1108/18347641311299731
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Purpose - Environmental consequences increasingly influence management strategy and choice. The purpose of this paper is to investigate the effects on attention and investment of: incorporating environmental data into a balanced scorecard (BSC), called the sustainability balanced score card (SBSC) and the organization of environmental accounting information. Design/methodology/approach - In a between-participant design, participants (n approximate to 95) chose from among two investments using BSCs. Participants were randomly assigned to one of three conditions: no environmental data (control or BSC condition); environmental data embedded within the traditional BSC (four-perspective SBSC); or environmental data added to a BSC as a standalone fifth perspective (five-perspective SBSC). Findings - Investment to achieve environmental stewardship objectives was greater with the four-perspective SBSC than the traditional BSC. In addition, participants were most efficient, i.e. spent the least total time, and least time per data element examined, with the four-perspective SBSC. Finally, the time spent examining, and decision weight given to, environmental data were unrelated. Research limitations/implications - Professional managers and accountants may have greater knowledge of environmental metrics than do students, who are the participants in this study; hence, the results may not generalize to higher knowledgeable professionals since their processing of environmental data may differ from the lower knowledge participants of this study. Practical implications - The form (i.e. organization) of environmental accounting data changed the allocation of participants' attention while the presence of environmental accounting data changed participants' investments; hence, both the presence and form of environmental accounting information influenced decision making. Originality/value - This study is among the first to show differing influences from both the presence and organization of environmental accounting data on attention and investment.
引用
收藏
页码:22 / +
页数:32
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