Environmental, Social and Governance Disclosures and Their Impact on Investment Decision Making Perception among Professional Accountants
Environmental, Social and Governance Disclosures and Their Impact on Investment Decision Making Perception among Professional Accountants

Summary/Abstract: Global investors are increasingly placing emphasis on Environmental, Social, and Governance matters, driven by a rising interest in socially responsible investments. Hence, this study examines the influence of environmental, social and governance information disclosure on the investment decisions making of professional accountants in Nigeria. The research employed a descriptive survey research design. Population of the study are the registered 279 chartered accountants in Osun state, based on the Institute of chartered Accountant of Nigeria Osogbo and district membership register as at 30 November, 2022. Random sampling was adopted to select 150 professional accountants. Data were obtained through the use of a structured questionnaire. The findings using logistic regression, indicate that governance disclosure (wald=5.120, β=0.168) and social disclosure (wald=3.774, β=1.183) significantly influence investment decision among professional accountants in Nigeria at p<0.05 level of significance. Nevertheless, environmental disclosure (wald=0.854, β= -0.515) does not significantly predict investment decisions at p<0.05. The study concludes that social and governance disclosures exert a positive influence on investment decision making among professional accountants in Nigeria. It is therefore recommended that organisations should prioritize social disclosures to attract investments and governance disclosure to address investor perceptions of risk.

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