The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
A systematic literature review of socially responsible investment and environmental social governance metrics
Abstract
Socially responsible investment (SRI) encompasses both ethical and financial paradigms. This systematic literature review explores three key research themes within the SRI literature, identifying a significant disconnect between themes and a fixation on the financial (as opposed to ethical) paradigm. One of the foundations of SRI is environmental, social, and governance (ESG) metrics. This review confirms the importance of ESG metrics in the SRI field, as they play two crucial roles, namely, as a proxy for sustainability performance and an enabler of the SRI market. However, there are two main issues related to ESG metrics that undermine their reliability: a lack of transparency and a lack of convergence.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
The Eco-Efficiency Premium Puzzle
Derwall, J., Guenster, N., Bauer, R., & Koedijk, K. (2005) · Financial Analysts Journal · doi:10.2469/faj.v61.n2.2716 · Cited by 965
Socially responsible funds and market crises
Nofsinger, J., & Varma, A. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.12.016 · Cited by 648
The Wages of Social Responsibility
Statman, M., & Glushkov, D. (2009) · Financial Analysts Journal · doi:10.2469/faj.v65.n4.5 · Cited by 634
The Impact of Strategic Relevance and Assurance of Sustainability Indicators on Investors' Decisions
Cheng, M. M., Green, W. J., & Ko, J. C. W. (2015) · AUDITING: A Journal of Practice & Theory · doi:10.2308/ajpt-50738 · Cited by 317
The effect of social screening on bond mutual fund performance
Henke, H.-M. (2016) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2016.01.010 · Cited by 147
Cited by
ESG: Research Progress and Future Prospects
Li, T.-T., Wang, K., Sueyoshi, T., & Wang, D. D. (2021) · Sustainability · doi:10.3390/su132111663 · Cited by 779
ESG disclosure and Firm performance: A bibliometric and meta analysis
Khan, M. A. (2022) · Research in International Business and Finance · doi:10.1016/j.ribaf.2022.101668 · Cited by 566
Kumar, S., Sharma, D., Rao, S., Lim, W. M., & Mangla, S. K. (2025) · Annals of Operations Research · doi:10.1007/s10479-021-04410-8 · Cited by 437
Sandberg, H., Alnoor, A., & Tiberius, V. (2023) · Business Strategy and the Environment · doi:10.1002/bse.3259 · Cited by 285
Large language models for life cycle assessments: Opportunities, challenges, and risks
Preuss, N., Alshehri, A. S., & You, F. (2024) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2024.142824 · Cited by 71
Metadata
- Authors
- Widyawati, L.
- Venue
- Business Strategy and the Environment
- Publisher
- Wiley
- Published
- 2019-10-29
- Volume
- 29
- Issue
- 2
- Pages
- 619-637
- ISSN
- 0964-4733 (ISSN-L)
- 1099-0836
- OpenAlex
- W2982406719
- Cited by
- 416
- References
- 5
- FWCI
- 5.77
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: A systematic literature review of socially responsible investment and environmental social governance metrics. https://app.cochat.ai/papers/10.1002/bse.2393
- The paper
- Widyawati, L. (2020). A systematic literature review of socially responsible investment and environmental social governance metrics. Business Strategy and the Environment. https://doi.org/10.1002/bse.2393
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
