Abstract
The purpose of this research is to show the impact of accounting disclosure for sustainable development on rationalizing investors’ decisions. To achieve this purpose, The experimental study was carried out through a questionnaire distributed in three categories (universities teaching staff in some Egyptian universities – accountants and auditors in some accounting and auditing offices – investors and financial analysts in some listed companies). And the study concluded that accounting disclosure about sustainable development practices achieves many internal and external advantages that may reflect positively on the value of the entity, strengthen its reputation, and works to attract investors to it. And it has an important role on rationalizing investors' decisions, as it provides sufficient and appropriate information about the economic, social, and environmental aspects of the company that helps investors study, analyze and evaluate the available investment alternatives. The experimental study indicates that there is a statistically significant relationship between the accounting disclosure of sustainable development practices and the rationalization of investment decisions. Based on that, the study recommends the need for companies to make more accounting disclosures about sustainable development practices and prepare sustainability reports as separate reports in which they disclose financial and non-financial information. And the necessity of issuing an accounting standard for sustainable development that includes defining the intellectual framework for accounting for sustainable development and how to measure, report and disclose it.
Keywords: (Sustainable development practices - Sustainable development reports - Rationalizing investment decisions).