scholarly journals Environmental, Social, and Governance Investment in Emerging Markets: A Case Study of Firms in Southeast Asia

WIMAYA ◽  
2021 ◽  
Vol 2 (01) ◽  
pp. 8-16
Author(s):  
Upalat Korwatanasakul ◽  
Adam Majoe
Keyword(s):  
Decision Making ◽  
Content Analysis ◽  
Emerging Markets ◽  
Southeast Asia ◽  
Investment Decision ◽  
Decision Making Process ◽  
Investment Decision Making ◽  
Sustainability Reports ◽  
Asean Countries

This study examines the current situation of environmental, social, and governance (ESG) investment in Association of Southeast Asian Nations (ASEAN) countries. Based on a purposive sampling, our sample includes 143 leading firms from 10 ASEAN countries. By intensively reviewing firms’ multiyear annual and sustainability reports, we utilize content analysis to identify the characteristics of ESG firms (firms considering ESG factors in their investment decision-making process). Our result shows that ESG firms, on average, have higher profitability. Moreover, ESG investment helps lower costs and boost revenue and profits. However, ESG investment has only been implicitly and unsystematically implemented in ASEAN firms.

scholarly journals Evaluating the investment decision-making process for business expansion into Africa: A case study

2012 ◽  
Vol 2 (4) ◽  
pp. 7-16
Author(s):  
Jason Kasozi
Keyword(s):  
Decision Making ◽  
International Business ◽  
Investment Decision ◽  
Investment Project ◽  
Decision Making Process ◽  
Mobile Telecommunications ◽  
True Value ◽  
Investment Decision Making ◽  
Telecommunications Network

Africa is a potential domain for international business. However, numerous uncertainties characterize this environment and the challenge for multinationals remains the ability to assess the true value of an Africa-bound investment project. A telecommunications’ survey was conducted on Siemens Southern Africa (Siemens) and Mobile Telecommunications’ Network (MTN) and the following observations were made: (1) Approaches used by the businesses to value Africa-bound investments were not comprehensive and inclusive. (2) Neutrality existed to the suggestion that Africa is unique and that investment decisions should be customized to suit it. (3) Certain approaches used by the businesses were modified to suit pertaining investment circumstances thereby differing from literature, and (4), participants desired to learn new ways of improving this process suggesting dissatisfaction with the current norm. This paper presents the conflicting ideologies about the decision-making process for business expansion into Africa and suggests ways of improving the process.

scholarly journals Numbers Talk Loud? A Case In Making Investment Decisions

2012 ◽  
Vol 9 (1) ◽  
pp. 7-12
Author(s):  
Songtao Mo
Keyword(s):  
Decision Making ◽  
Investment Decision ◽  
Accounting Information ◽  
Investment Decisions ◽  
Financial Accounting ◽  
Decision Making Process ◽  
Student Interest ◽  
Undergraduate Level ◽  
Investment Decision Making

This study presents a case study intended for use in the introductory financial accounting course at the undergraduate level. The case study is designed for students to evaluate accounting information in the investment decision-making process. The project aims to stimulate student interest in accounting by presenting the application of accounting information.

scholarly journals Evaluating the investment decision-making process for business expansion into Africa: A case study

2013 ◽  
Vol 10 (3) ◽  
pp. 464-473
Author(s):  
Jason Kasozi
Keyword(s):  
Decision Making ◽  
International Business ◽  
Investment Decision ◽  
Investment Project ◽  
Decision Making Process ◽  
Mobile Telecommunications ◽  
True Value ◽  
Investment Decision Making ◽  
Telecommunications Network

Africa is a potential domain for international business. However, numerous uncertainties characterize this environment and the challenge for multinationals remains the ability to assess the true value of an Africa-bound investment project. A telecommunications’ survey was conducted on Siemens Southern Africa (Siemens) and Mobile Telecommunications’ Network (MTN) and the following observations were made: (1) Approaches used by the businesses to value Africa-bound investments were not comprehensive and inclusive. (2) Neutrality existed to the suggestion that Africa is unique and that investment decisions should be customized to suit it. (3) Certain approaches used by the businesses were modified to suit pertaining investment circumstances thereby differing from literature, and (4), participants desired to learn new ways of improving this process suggesting dissatisfaction with the current norm. This paper presents the conflicting ideologies about the decision-making process forbusiness expansion into Africa and suggests ways of improving the process.

Strategic investment decision-making – scanning and screening investment opportunities

2016 ◽  
Vol 24 (4) ◽  
pp. 505-526 ◽  
Author(s):  
Fadi Alkaraan
Keyword(s):  
Decision Making ◽  
Investment Decision ◽  
Decision Making Process ◽  
Control Mechanisms ◽  
Strategic Control ◽  
Strategic Investment ◽  
Content Type ◽  
Investment Decision Making ◽  
Decision Control

Purpose This study brings together cognitive and organizational aspects of the strategic investment decision-making process. It focuses on the early stages of strategic investment decision-making. This paper aims to augment the limitations of previous survey-based research through an archival case study that describes pre-decision screening in detail. Design/methodology/approach This paper draws on archival data covering an investment decision undertaken by a large brewing company. The data cover a period of about six years, focusing on the decision to invest in West Africa. A rational/intuitive orientation model of the process is used as a framework to help analyze the archival evidence. Findings Strategic investment decisions are non-programmed, complex and uncertain. For some companies (e.g. those with a strategic focus on new expansions), certain non-programmed decisions may become semi-programmed in the course of time by applying knowledge learned from having successfully handled non-programmed decision situations in the past. However, other companies without such a focus may not be able to programme part of their strategic decisions. Pre-decision control mechanisms constitute a form of strategic control by detecting potential problem areas in the investment option before formal approval. Research limitations/implications Given the narrow scope of this paper – a single case study – the findings are used for theorization rather than offering generalizable results. There is a need for unified models to enrich our understanding of the influence that contextual factors have on strategic investment decision-making. Effective strategic pre-decision control mechanisms that maintain a good balance between rational and intuitive approaches are matters that remain open for debate in future research. Practical implications Research on organizational and cognitive aspects of the strategic investment decision-making process is inherently practical. To achieve successful strategic investment decisions, it is essential to devote more attention to the choice and design of strategic control mechanisms. Originality/value The framework of this study can help practitioners to gauge the strengths and weaknesses of their decision-making practices. It focuses on three aspects that are relatively absent in the literature: the strategic problem, the strategic choice and the chronological relations between the five stages of the strategic investment decision-making process. The use of historical data is suited to providing illustrations of intuitive/heuristic-based practices that would otherwise be hard to capture.

scholarly journals How Does Important Sustainability Reporting for Investment Decision Making?

2020 ◽  
Vol 3 (4) ◽  
pp. 283
Author(s):  
Sumiyati Sumiyati ◽  
Suhaidar Suhaidar
Keyword(s):  
Decision Making ◽  
Investment Decision ◽  
Sustainability Reporting ◽  
Individual Investors ◽  
Rational Decision ◽  
Rational Decision Making ◽  
Behavior Study ◽  
Investment Decision Making ◽  
Quasi Experimental ◽  
Sustainability Reports

This study was conducted to examine the importance of sustainability reporting for investment decision making by prospective investors using  belief-action-outcome (BAO) theory. This study is a rational investor behavior study in deciding the use of their  assets by explaining it using  Rational Decision Making Model (RDMM) theory.This study used  an online quasi-experimental approach. The respondents of this research were prospective individual investors who understand the use of financial statements to make investments. This research was conducted with two tests. First, test the construct of variables. Second, test the subject's behavior with experiments. As for the experiments carried out two steps namely first, the subjects were given a questionnaire without any sustainability reporting. Second, subjects were given a questionnaire with instructions to read sustainability reporting first.The expected outcome is that investors  tend to choose to buy shares of companies that also attach sustainability reports compared to companies without sustainability reports. Investors also tend to be rational in making decisions. This result showed  the importance of sustainability report in rational decision making.

Decision-making of investment in navigation safety improving schemes with application of cumulative prospect theory

2018 ◽  
Vol 232 (6) ◽  
pp. 710-724 ◽  
Author(s):  
Lei Wang ◽  
Qing Liu ◽  
Tongle Yin
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Investment Decision ◽  
Cumulative Prospect Theory ◽  
Decision Makers ◽  
Investment Decision Making ◽  
Risk Appetite ◽  
Safety Investment ◽  
Navigation Safety

Navigation safety improving investment aims at mitigating risk and improving safety of shipping system, while decision-makers’ attitudes toward the uncertainty of shipping safety possess a characteristic of “bounded rationality.” To study the tendency of shipping safety investment decision-making with different risk perception and appetite, a decision-making method based on cumulative prospect theory is proposed in this article. First, we extract the decision attributes through analyzing the factors affecting shipping safety investment. Then, according to cumulative prospect theory, the value function and the probability weighting function for calculating cumulative prospect values of shipping investment attributes are given. Under the risk-based multi-attribute group decision-making framework, linear programming model and projection method are introduced to aggregate the weights of attributes and decision-makers, respectively. Furthermore, through a case study, the proposed methodology is utilized in Three Gorges Dam area, and the desirable safety investment scheme is determined from a set of candidate alternatives. The case study shows not only validity and feasibility of the decision-making approach but also the mechanism of shipping safety investment decision-making with consideration of the behavior characteristics of decision-makers such as reference dependence, risk appetite distortion, and loss aversion.

The Need to Decarbonise Buildings: Reasons, Challenges and Objectives

2021 ◽  
Vol 39 (3) ◽  
Author(s):  
Paloma Taltavull ◽  
Raúl Pérez ◽  
Francisco Juárez
Keyword(s):  
Investment Decision ◽  
Decision Making Process ◽  
Investment Portfolio ◽  
Energy Characteristics ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Investment Decision Making ◽  
The Cost ◽  
The Eu

The article addresses the relevance of the real estate sector in climate change control through the decarbonisation of buildings. It presents a case study of an investment portfolio artificially constructed from randomly selected buildings in different Spanish cities and with different uses, evaluated in terms of their structural and energy characteristics. The CRREM tool is used to evaluate the decarbonisation horizon of the buildings between 2018 and 2050, their total emissions and their cost, in relation to the maximum allowed in the agreements signed by the EU in Paris (COP21). From this calculation, an assessment is provided of when buildings will become energetically stranded (energy obsolete) assets and the cost of carbon emitted above permitted levels. These calculations lend transparency to the investment decision-making process facing building owners in the EU over the next 30 years.

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