2026· International journal of research and innovation in social science· Vol 10, pp. 5386-5398· 0 citations
Abstract
Environmental, Social, and Governance (ESG) investing has become a global priority for sustainable finance, yet its determinants remain insufficiently examined in developing economies like Malaysia. While ESG disclosure is mandated by regulatory frameworks, investor participation remains low. This study addresses critical challenges such as the persistent “Disclosure Gap”, where companies fail to provide adequate data and the “Estimation Gap”, where investors rely on assumptions due to inconsistent reporting. These issues undermine investor confidence and contribute to slower growth in ESG stocks. The research objectives are threefold: examining the direct effects of individual and organisational factors on ESG investment intention, assessing the mediating effect of perceived corporate governance, and establishing a predictive behavioural framework. Guided by Self-Determination Theory (SDT), which emphasizes intrinsic motivation, autonomy, and perceived competence, this research investigates five key determinants: tacit knowledge, environmental concern, personal agency, opportunistic behaviour, and institutional trust. The study also explores how perceived corporate governance acts as a critical organisational-level mediator. Empirical findings reveal that tacit knowledge, environmental concern, personal agency, and institutional trust significantly enhance intentions to invest in ESG stocks, whereas opportunistic behaviour exerts a negative influence. Perceived corporate governance demonstrates a strong mediating effect, underscoring the importance of transparency, accountability, and ethical oversight. Theoretically, this study extends SDT into sustainable finance by integrating psychological, social, and governance dimensions. Practically, it provides evidence-based insights for policymakers and financial institutions to strengthen ESG adoption. By bridging gaps in Malaysia’s landscape, this research supports sustainable economic growth and enriches global discourse on developing global emerging markets.
Environmental, Social and Governance (ESG) disclosures have become central to corporate governance and sustainable finance, yet existing research on its relationship with firm value remains largely firm-centric and archival in nature. It typically treats disclosers as an input whose financial effects are assumed to fo...
Neha Bansal, Abhishek Sharma· International Journal of Res...· 0 citations
Environmental, Social, and Governance (ESG) practices have emerged as a critical determinant of corporate competitiveness and sustainable value creation in global financial markets. As institutional investors increasingly integrate sustainability considerations into investment decisions, firms in emerging markets face...
Firdos Ikram· Journal of Financial and Man...· 0 citations
The incorporation of Environmental, Social, and Governance (ESG) measures into business decision-making has received a lot of attention because of the potential influence on financial performance. This study examines the link between ESG elements and company financial performance, using Unilever as a case study. This s...
Devanshi Saini, Namita Sahay· International Journal of Cre...· 0 citations
This study examines the influence of the cost of debt, managerial overconfidence, and institutional shareholding on Environmental, Social, and Governance (ESG) performance among firms listed on the Indonesia Stock Exchange (IDX). Using a quantitative approach, the study analyzes 85 firms with available ESG scores in 20...
In recent years, the increasing emphasis on environmental, social, and governance (ESG) issues has transformed the way companies communicate their performance and long-term sustainability. This study aims to examine the impact of ESG disclosure and sustainability accounting practices on firm value in the context of Ind...
Rizqiana Sakti Maharani· Proceeding of The Internatio...· 0 citations
The financial industry is largely affected by the revolutionary changes taking place in the world. ESG is one of the key elements in these changes. Significant changes in how firms function, investments are made, and risks are evaluated define this changing environment. As investors recognize how critical sustainabilit...
Muthu Aravinthan, P. V. Saravanan· Sustinere: Journal of Enviro...· 0 citations
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