Research Article
Joint Influence of Financial and Non-Financial Information on Investment – Relevant Decisions
@INPROCEEDINGS{10.4108/eai.27-7-2021.2316879, author={Ida Nur Aeni and Maylia Pramono Sari and Nurdian Susilowati}, title={Joint Influence of Financial and Non-Financial Information on Investment -- Relevant Decisions}, proceedings={Proceedings of the 4th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2021, 27-28 July 2021, Semarang, Indonesia}, publisher={EAI}, proceedings_a={ICE-BEES}, year={2022}, month={3}, keywords={financial information environmental performance accounting information systems investment decisions}, doi={10.4108/eai.27-7-2021.2316879} }- Ida Nur Aeni
Maylia Pramono Sari
Nurdian Susilowati
Year: 2022
Joint Influence of Financial and Non-Financial Information on Investment – Relevant Decisions
ICE-BEES
EAI
DOI: 10.4108/eai.27-7-2021.2316879
Abstract
This research integrates financial and non-financial information that is useful in investment decision-making. The financial information used in this study is book value per share (BVPS). While an environmental performance valuable information in decision making is used as non-financial information. This research aims to investigate how information types (financial and non-financial) affect investment decisions. This research is a laboratory experiment using a 2x2 between-subjects design. Participants of this study were 39 students with accounting and management background who acted as investors. Participants in this study respond to scenarios involving investment decisions. The data analysis used to test this research hypothesis is an analysis of variance (ANOVA). The results of this study show that BVPS and environmental performance influence investment decisions. Specifically, an investor who receives BVPS information is improved, and positive environmental performance tends to consider higher investment decisions than investors who receive decreased BVPS information and negative environmental performance. Finally, this study discusses the implications of research results for companies in designing business strategies and further research development opportunities.