Dear Hawa

The best independent variables which influence in investment decisions making

are mentioned below

1) Awareness level of the investment

2) Income level of the investor

3)Attitude level of the investor

4)Risk perception level of the investor

5) Other demographic and socio economic variables

Other than demographic factors, the risk-return profile of the investor i.e., the expected return & his risk tolerance can be important factors in judging asset classes for allocating their budget while making investments.

With current ESG ambience, the theoretical framework may include –

i) the current status of ESG investment, its adoption or incorporation in investment decision by investors in your nation or the geographical area of your investigation

ii) the regulatory requirements regarding ESG disclosure by companies in the geographical area of your investigation

iii) the motivating factors accelerating or promoting consideration of ESG factors in investment decisions

iv) the challenges / barriers impeding their consideration in investment decisions

v)  the ESG issues of concern to investors

vi) the preference of investors among E, S or G factors.

In my thesis relating to consideration of ESG issues in investment decisions & its impact on financial performance, I have also included the methodology of computing India’s first & sole ESG index.

Hope this helps.

 Thank you for your kind reply, that sure will benefit me for my research.