According to Wood and Ross (2006),which of the following environmental and social controls is the most influential factor in affecting managers' capital investment decisions with respect to investing in less-polluting plant and equipment?

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Wood and Ross (2006) suggest that stakeholder opinion is the most influential factor in affecting managers' capital investment decisions with respect to investing in less-polluting plant and equipment. This is because stakeholders, such as customers, investors, and employees, have increasing power to reward or penalize organizations based on their environmental performance. As a result, managers may make investment decisions in response to stakeholder pressures in order to maintain the organization's social license to operate and protect its reputation.

According to Wood and Ross (2006),which of the Following Environmental