Rooh, S.; El-Gohary, H.; Khan, I.; Alam, S.; Shah, S.M.A. An Attempt to Understand Stock Market Investors’ Behaviour: The Case of Environmental, Social, and Governance (ESG) Forces in the Pakistani Stock Market. J. Risk Financial Manag.2023, 16, 500.
Rooh, S.; El-Gohary, H.; Khan, I.; Alam, S.; Shah, S.M.A. An Attempt to Understand Stock Market Investors’ Behaviour: The Case of Environmental, Social, and Governance (ESG) Forces in the Pakistani Stock Market. J. Risk Financial Manag. 2023, 16, 500.
Rooh, S.; El-Gohary, H.; Khan, I.; Alam, S.; Shah, S.M.A. An Attempt to Understand Stock Market Investors’ Behaviour: The Case of Environmental, Social, and Governance (ESG) Forces in the Pakistani Stock Market. J. Risk Financial Manag.2023, 16, 500.
Rooh, S.; El-Gohary, H.; Khan, I.; Alam, S.; Shah, S.M.A. An Attempt to Understand Stock Market Investors’ Behaviour: The Case of Environmental, Social, and Governance (ESG) Forces in the Pakistani Stock Market. J. Risk Financial Manag. 2023, 16, 500.
Abstract
The present study investigates the decision-making process of investors on the Pakistan Stock Exchange with regard to portfolio construction, explicitly focusing on the incorporation of ESG concerns. The present study employed SmartPLS and structural equation modeling (SEM) to quantitatively assess data received from a sample of 393 out of 400 respondents. Based on the available data, investors participating in the Pakistan Stock Exchange are notably impacted by ESG aspects. The findings of this study hold significance for emerging economy firms, regulators, and investors, both in terms of theoretical and practical ramifications. The study's findings demonstrate a clear indication of investors' significant emphasis on ESG matters. Furthermore, it provides valuable insights for stakeholders who are involved in the ever-evolving realm of sustainable finance within developing countries
Keywords
environmental; social and governance (ESG); individual investor’s behavioral factors; theory of planned behaviour (TPB)
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
