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Factors influencing sustainability investment intentions: an empirical investigation

his study delves into the determinants of intention for sustainability investment in Malaysia, examining the factors that drive such intentions among 278 Malaysians through a quantitative survey. The research reveals that attitude, subjective norms, perceived behavioural control and financial knowle...

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Main Authors: Abdul Razak, Dzuljastri, Nor, Bile Abdisalan, Mohamed Nor, Siti Fatimah
Format: Article
Language:English
Published: Labuan Faculty of International Finance, University Malaysia Sabah 2024
Subjects:
HG Finance
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/115560/1/115560_Factors%20influencing%20sustainability%20investment%20intentions.pdf
http://irep.iium.edu.my/115560/
https://jurcon.ums.edu.my/ojums/index.php/LJMS/article/view/5256/3607
https://doi.org/10.51200/ljms.v18i2.5256
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spelling my.iium.irep.1155602024-11-05T00:54:55Z http://irep.iium.edu.my/115560/ Factors influencing sustainability investment intentions: an empirical investigation Abdul Razak, Dzuljastri Nor, Bile Abdisalan Mohamed Nor, Siti Fatimah HG Finance HG4501 Stocks, investment, speculation his study delves into the determinants of intention for sustainability investment in Malaysia, examining the factors that drive such intentions among 278 Malaysians through a quantitative survey. The research reveals that attitude, subjective norms, perceived behavioural control and financial knowledge have a positive influence on sustainability investment. The findings underscore the pivotal role of attitudes in shaping investment decisions, indicating that a positive attitude toward sustainability correlates with a greater willingness to allocate resources toward sustainable initiatives. Moreover, subjective norms, encompassing social influences and perceived norms, emerged as key drivers, suggesting that when individuals perceive support for sustainability investment from peers and industry leaders, they are more inclined to engage in such activities themselves. Perceived behavioural control, reflecting confidence in one's ability to invest sustainably, is also highlighted as a significant determinant. Individuals and organizations are more likely to invest in sustainability when they feel equipped with the necessary resources, knowledge, skills, and access to opportunities. Furthermore, the study emphasizes the importance of financial knowledge, indicating that individuals and organizations with greater financial literacy are more inclined to engage in sustainable investment practices. Understanding financial concepts enables investors to make informed decisions that align with sustainability goals, contributing to both financial returns and environmental/social objectives. Overall, the study suggests that by fostering positive attitudes, addressing subjective norms, enhancing perceived behavioural control, and promoting financial literacy, Malaysia can create a conducive environment for sustainable investment, nurturing progress toward a more environmentally and socially responsible economy. Labuan Faculty of International Finance, University Malaysia Sabah 2024-10-30 Article PeerReviewed application/pdf en http://irep.iium.edu.my/115560/1/115560_Factors%20influencing%20sustainability%20investment%20intentions.pdf Abdul Razak, Dzuljastri and Nor, Bile Abdisalan and Mohamed Nor, Siti Fatimah (2024) Factors influencing sustainability investment intentions: an empirical investigation. Labuan E-Journal of Muamalat and Society, 18 (2). pp. 78-90. ISSN 1985-482X E-ISSN 2672-7390 https://jurcon.ums.edu.my/ojums/index.php/LJMS/article/view/5256/3607 https://doi.org/10.51200/ljms.v18i2.5256
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG Finance
HG4501 Stocks, investment, speculation
spellingShingle HG Finance
HG4501 Stocks, investment, speculation
Abdul Razak, Dzuljastri
Nor, Bile Abdisalan
Mohamed Nor, Siti Fatimah
Factors influencing sustainability investment intentions: an empirical investigation
description his study delves into the determinants of intention for sustainability investment in Malaysia, examining the factors that drive such intentions among 278 Malaysians through a quantitative survey. The research reveals that attitude, subjective norms, perceived behavioural control and financial knowledge have a positive influence on sustainability investment. The findings underscore the pivotal role of attitudes in shaping investment decisions, indicating that a positive attitude toward sustainability correlates with a greater willingness to allocate resources toward sustainable initiatives. Moreover, subjective norms, encompassing social influences and perceived norms, emerged as key drivers, suggesting that when individuals perceive support for sustainability investment from peers and industry leaders, they are more inclined to engage in such activities themselves. Perceived behavioural control, reflecting confidence in one's ability to invest sustainably, is also highlighted as a significant determinant. Individuals and organizations are more likely to invest in sustainability when they feel equipped with the necessary resources, knowledge, skills, and access to opportunities. Furthermore, the study emphasizes the importance of financial knowledge, indicating that individuals and organizations with greater financial literacy are more inclined to engage in sustainable investment practices. Understanding financial concepts enables investors to make informed decisions that align with sustainability goals, contributing to both financial returns and environmental/social objectives. Overall, the study suggests that by fostering positive attitudes, addressing subjective norms, enhancing perceived behavioural control, and promoting financial literacy, Malaysia can create a conducive environment for sustainable investment, nurturing progress toward a more environmentally and socially responsible economy.
format Article
author Abdul Razak, Dzuljastri
Nor, Bile Abdisalan
Mohamed Nor, Siti Fatimah
author_facet Abdul Razak, Dzuljastri
Nor, Bile Abdisalan
Mohamed Nor, Siti Fatimah
author_sort Abdul Razak, Dzuljastri
title Factors influencing sustainability investment intentions: an empirical investigation
title_short Factors influencing sustainability investment intentions: an empirical investigation
title_full Factors influencing sustainability investment intentions: an empirical investigation
title_fullStr Factors influencing sustainability investment intentions: an empirical investigation
title_full_unstemmed Factors influencing sustainability investment intentions: an empirical investigation
title_sort factors influencing sustainability investment intentions: an empirical investigation
publisher Labuan Faculty of International Finance, University Malaysia Sabah
publishDate 2024
url http://irep.iium.edu.my/115560/1/115560_Factors%20influencing%20sustainability%20investment%20intentions.pdf
http://irep.iium.edu.my/115560/
https://jurcon.ums.edu.my/ojums/index.php/LJMS/article/view/5256/3607
https://doi.org/10.51200/ljms.v18i2.5256
_version_ 1814932568683839488
score 13.211869

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