Analysis of Digital Information, Investors' Financial Knowledge, and Mindsetsfor Sustainable Investment in Emerging Investment Markets

Abstract

Investors must consider environmental and social protection while making investment decisions. The study aimed to analyze sustainable investments (SI) through Information Access (IA), Subjective Financial Knowledge (SFK), Risk Propensity (RP) and Cognitive Biasness (CB). A descriptive and casual research design established a cause-and-effect relationship between the variables. The sample size was 384 individual and corporate investors. Likert scale questionnaire was employed to collect responses from the respondents. Correlation tests, regression analyses, and Cronbach alpha tests were performed to ensure the validity and relationship between variables. The independent variables IA, SFK, RP, and CB, along with the dependent variable SI, are positive and significant. Among them, IA was the most influential variable in SI, followed by SFK, CB, and RP. The study found that Information that can be accessed digitally in today's investment markets contributes to financial knowledge and risk-taking ability and improves personal biasness. The study further indicates that information access has been increased through digital finance. The study supports innovative investment, corporate governance, and sustainability in financial sectors. The study has Information for policy creation, supports SRI strategies, and advances financial literacy and the openness of ESG data.