A systematic review of literature about finance and sustainability

Ferreira, Maria Carolina Rezende de Carvalho; Sobreiro, Vinícius Amorim; Kimura, Herbert; Barboza, Flávio

doi:10.1080/20430795.2016.1177438

Cited by 96 publications

(56 citation statements)

References 75 publications

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“…Following their initial application in medical research, systematic reviews have been widely used in the fields of economics and management, due to their ability to improve the quality of review process and establish a systematic, clear and duplicable literature review [10]. Systematic reviews involve detailed examination of each paper considering their abstract, introduction, methods, findings and conclusions [16], thereby highlighting the major trends and results from the existing literature and providing directions for future research [17]. In systematic reviews, where a typical number of papers are inspected, the researcher specifies the Boolean query to find relevant papers [18,19].…”

Section: Methodsmentioning

confidence: 99%

Social Entrepreneurship as a Path for Social Change and Driver of Sustainable Development: A Systematic Review and Research Agenda

2019

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Social entrepreneurship has been recognized as a tool to attain sustainable development. This paper highlights the role of social entrepreneurship in triggering social change and attaining sustainable development. The paper contributes significantly to the existing literature by conducting a systematic review of extant works. To this end, we analyzed and reviewed 173 research papers from the Web of Science database. The results are presented in the form of descriptive findings and thematic discussion. The paper concludes by setting up the agenda for future researchers in the field.

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Section: Methodsmentioning

confidence: 99%

Social Entrepreneurship as a Path for Social Change and Driver of Sustainable Development: A Systematic Review and Research Agenda

2019

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“…The characterization techniques used by Ferreira et al [1]; Lage Junior & Godinho Filho [5]; Slager, Gond & Moon [21]; Sharma et al [22], and Jain & Sharma [23] were adapted in order to analyze research articles with elements of sustainable investment and ESG. Web of Science-indexed journals were chosen in order to uphold the eminence of the papers to be studied.…”

Section: Codes and Categoriesmentioning

confidence: 99%

“…Although Ferreira, Amorim Sobreiro, Kimura, & Luiz de Moraes Barboza [1] presented a systematic review of papers about finance and sustainability, their focus on reviewing the articles published in only one journal (Journal of Sustainable Finance & Investment) between 2011 and 2015 was a critical limitation of their study. It is worth noting that some of the highly cited papers in this field have been published outside this journal (JSF&I).…”

Section: Most Relevant Research Articles Related To Sustainable Invesmentioning

confidence: 99%

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Doing Well by Doing Good: A Systematic Review and Research Agenda for Sustainable Investment

2019

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This paper conducts a systematic review of the research work in the field of sustainable investment for identifying research gaps and laying down research agenda for the future. Articles on sustainable investment published in journals indexed at the Web of Science during 1989 and 2018 (so far) are reviewed for the purpose of this research. A total of 225 papers were found through the search criteria, out of which 213 papers were selected for review. The paper identifies gaps in the literature that can be considered as opportunities for future study. The analysis of these articles led us to note the need for an agenda that can present a holistic framework of sustainable investment with lesser variations and increased acceptability. The research agenda proposed by the paper may help researchers in framing their research problems around the gaps identified. Sustainable investment is a potential solution to social and ecological issues by transforming the financial markets to have more accountability for their impacts. Therefore, it is important to carry out extensive research in this field so as to develop it as an applied field of investment. There has so far been no attempt to perform a systematic review in the field of sustainable investment for a period of 20 years, as has been made in this paper.

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“…This is one of the most important research gaps for the sustainable investment agenda, along with others such as robust conceptualizations of sustainable investing. These needs are even more pronounced in developing countries due to the concentration of research focused on developed regions (Ferreira, Amorim Sobreiro, Kimura, & Luiz de Moraes Barboza, 2016;Talan & Sharma, 2019).…”

Section: Introductionmentioning

confidence: 99%

Can sustainable investments outperform traditional benchmarks? Evidence from global stock markets

et al. 2019

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To contribute to overcoming global sustainability challenges, investors have been increasingly interested in making sustainable investments and incorporating environmental, social and governance (ESG) criteria into their portfolio selection decisions and managerial activities. However, these investors and other agents interested in sustainable investment need updated and robust information to support their decision making. We analyzed the performance of several Dow Jones Sustainability Indices (DJSIs) and compared them with their respective market benchmarks from 2013 to 2018. The indices comprise the following regions and countries: the world, the Asia-Pacific, Europe, emerging markets and the US. The analysis was conducted based on both classic and modern portfolio metrics. The results suggest that sustainable investment performance is still heterogeneous worldwide, but there is a promising opportunity for investors to obtain superior risk-adjusted returns in certain regions while incorporating sustainable investment practices. The findings are of utmost importance to financial market practitioners, business managers, academics and other stakeholders interested in promoting investments, corporate practices and scientific knowledge to achieve the Sustainable Development Goals (SDGs).

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A systematic review of literature about finance and sustainability

Cited by 96 publications

References 75 publications

Social Entrepreneurship as a Path for Social Change and Driver of Sustainable Development: A Systematic Review and Research Agenda

Social Entrepreneurship as a Path for Social Change and Driver of Sustainable Development: A Systematic Review and Research Agenda

Doing Well by Doing Good: A Systematic Review and Research Agenda for Sustainable Investment

Can sustainable investments outperform traditional benchmarks? Evidence from global stock markets

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