summarizes the investors' responses regarding the impact of the AC’s competence on investment decisions
| Questionnaire items – AC competence | Average response out of 5 |
|---|---|
| It is important to our investment decision that the AC of the investee's company includes members with financial literacy (for example accounting and finance) | 3.81 |
| It is important to our investment decision that the AC of the investee's company includes members with financial expertise | 3.98 |
| It is important to our investment decision that the AC of the investee's company includes industry expertise that improves the quality of the financial reporting | 3.78 |
| It is important to our investment decision that the AC of the investee's company has the required competency to improve the internal control quality | 3.91 |
| Overall average: 3.87 | |
| Questionnaire items – AC competence | Average response out of 5 |
|---|---|
| It is important to our investment decision that the AC of the investee's company includes members with financial literacy (for example accounting and finance) | 3.81 |
| It is important to our investment decision that the AC of the investee's company includes members with financial expertise | 3.98 |
| It is important to our investment decision that the AC of the investee's company includes industry expertise that improves the quality of the financial reporting | 3.78 |
| It is important to our investment decision that the AC of the investee's company has the required competency to improve the internal control quality | 3.91 |
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