Directions for future research to steer environmental, social and governance (ESG) investing to support sustainability: a systematic literature review

Subhash Abhayawansa and Oren Mooneeapen

Chapter 18 in Handbook of Accounting and Sustainability, 2022, pp 318-341 from Edward Elgar Publishing

Abstract: This chapter provides an overview of the state of the literature on investment practices that consider environmental, social and governance (ESG) factors. Such investing practices are commonly known as socially responsible investing (SRI), impact investing or sustainable investing. The literature review includes 99 journal articles on ESG investing published between 2009 and May 2021. The review shows that ESG investing research is growing, multidisciplinary, dominated by studies adopting quantitative (mainly archival) methods and concentrated in the developed markets (particularly North America and Europe). The four broad strands of research identified in the ESG investing literature are (1) investor behaviour in relation to ESG investing, (2) ESG investing strategies, (3) performance and characteristics of ESG-focused funds and portfolios and (4) ESG ratings. We show several ways future research on ESG investing could be directed towards developing the knowledge necessary to steer investing and corporate practices to support planetary sustainability.

Keywords: Business and Management; Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800373501/9781800373501.00027.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20089_18

Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).