Cited by 192Sustainable Finance and Green BondsCorporate Social Responsibility ReportingFinancial Markets and Investment Strategies

Doing well by doing good: a systematic review and research agenda for sustainable investment

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Talan, Gaurav, Sharma, Gagan Deep·2019·Sustainability

Abstract

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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Research works printed but not linked: 3

  1. Hickman, K.A.; Teets, W.R.; Kohls, J.J. Social investing and modern portfolio theory. Am. Bus. Rev. 1999, 17, 72.
  2. Jain, M.; Sharma, G.D. Economics of Happiness: A systematic review and research agenda. In Proceedings of the BAM 2018 Conference Proceedings, Bristol, UK, 4-6 September 2018.
  3. Avetisyan, E.; Hockerts, K. The Consolidation of the ESG Rating Industry as an Enactment of Institutional Retrogression. Bus. Strategy Environ. 2017, 26, 316-330. [CrossRef] · DOI

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Authors
Talan, G., & Sharma, G. D.
Affiliations
Guru Gobind Singh Indraprastha University (IN)
Corresponding author
Talan, Gaurav
Venue
Sustainability
Publisher
MDPI AG
Published
2019-01-11
Volume
11
Issue
2
Pages
353
ISSN
2071-1050 (ISSN-L)
OpenAlex
W2908862881
Cited by
192
References
98
Citations by year
2026: 9 · 2025: 25 · 2024: 42 · 2023: 40 · 2022: 24 · 2021: 28 · 2020: 17 · 2019: 7
FWCI
4.95
Type
journal article
Language
en
Open access
Locations
  • Sustainability (publishedVersion, cc-by)
  • RePEc: Research Papers in Economics (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Sustainable Finance and Green Bonds
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
Keywords
sustainable investment, research gaps, research agenda, holistic framework

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