“It’s not what you say, but how you say it”: How the provision of qualitative, quantitative and monetary environmental information influences companies’ internal decision making
Research output: Journal contributions › Journal articles › Research › peer-review
Standard
In: Journal of Cleaner Production, Vol. 268, 122247, 20.09.2020.
Research output: Journal contributions › Journal articles › Research › peer-review
Harvard
APA
Vancouver
Bibtex
}
RIS
TY - JOUR
T1 - “It’s not what you say, but how you say it”: How the provision of qualitative, quantitative and monetary environmental information influences companies’ internal decision making
AU - Hummel, Philipp
AU - Hörisch, Jacob
N1 - Publisher Copyright: © 2020 Elsevier Ltd
PY - 2020/9/20
Y1 - 2020/9/20
N2 - Increasingly, companies are taking into account environmental issues, such as climate change, in their decision making. Information on environmental issues can be provided for this purpose in qualitative, quantitative physical, or quantitative monetary forms. Previous studies show that the way in which information is provided significantly affects how the respective problem is perceived and responded to and in turn how this influences decision making. This paper builds on a survey-based experiment among business students. Using generalized estimating equations, it analyses the effects on companies’ decision making of providing different types of environmental information. The results show that providing solely monetized environmental information can potentially devalue the perceived importance of the information and that monetization may decrease the effect of favorable environmental information on willingness to pay in companies’ internal decision making. On the other hand, providing quantitative physical environmental information is likely to increase the importance ascribed to environmental issues. Thus, this article highlights that “how you say it” in terms of providing environmental information is important for companies’ internal decision making.
AB - Increasingly, companies are taking into account environmental issues, such as climate change, in their decision making. Information on environmental issues can be provided for this purpose in qualitative, quantitative physical, or quantitative monetary forms. Previous studies show that the way in which information is provided significantly affects how the respective problem is perceived and responded to and in turn how this influences decision making. This paper builds on a survey-based experiment among business students. Using generalized estimating equations, it analyses the effects on companies’ decision making of providing different types of environmental information. The results show that providing solely monetized environmental information can potentially devalue the perceived importance of the information and that monetization may decrease the effect of favorable environmental information on willingness to pay in companies’ internal decision making. On the other hand, providing quantitative physical environmental information is likely to increase the importance ascribed to environmental issues. Thus, this article highlights that “how you say it” in terms of providing environmental information is important for companies’ internal decision making.
KW - Sustainability sciences, Management & Economics
KW - environmental information
KW - companies' internal decision making
KW - survey-based experiment
KW - monetization
KW - willingness to pay
UR - http://www.scopus.com/inward/record.url?scp=85086366199&partnerID=8YFLogxK
U2 - 10.1016/j.jclepro.2020.122247
DO - 10.1016/j.jclepro.2020.122247
M3 - Journal articles
VL - 268
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
SN - 0959-6526
M1 - 122247
ER -