Impact of Sustainability Disclosure on Investment Decision-Making: Evidence from Emerging Economies
摘要
Sustainability has become a crucial consideration for businesses, with companies implementing various initiatives to foster sustainable practices. Investors are increasingly focusing on a company's environmental disclosure and integrating it into their investment decisions. This research aims to explore the impact of sustainability disclosure on investment decision-making. It employed a cross-sectional design and gathered data from 488 brokers working in financial brokerage firms on the Amman Stock Exchange. The study used a structural equation approach to validate its hypotheses. The results indicated that all dimensions of sustainability disclosure, particularly governance disclosure, had a significant positive impact on investment decision-making. As a result, the research recommends prioritizing ongoing education and training in sustainability, improving speculators’ access to ESG data, and diversifying their sources for ESG research.