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Emerging new themes in environmental, social and governance investing: a systematic literature review


Daugaard, D, Emerging new themes in environmental, social and governance investing: a systematic literature review, Accounting & Finance, 60, (2) pp. 1501-1530. ISSN 0810-5391 (2020) [Refereed Article]

Copyright Statement

2019 Accounting and Finance Association of Australia and New Zealand

DOI: doi:10.1111/acfi.12479


Environmental, social and governance (ESG) investing is a large and influential industry. Its activities could be illuminated, appraised and improved by academic research. Unfortunately, research to date has focused on measuring return performance. A wider range of topics is necessary before research can properly inform investors, companies and regulators. This paper contributes to the challenge by systematically exploring the literature to reveal a richer array of topics: the heterogeneous nature of ESG investing, its costs and motivations, and its management literature origins. In addition to these established topics, five emerging themes are identified: the human element, climate change, fund flows, fixed income and the rise of non-Western players.

Item Details

Item Type:Refereed Article
Keywords:bibliography analysis, environmental, social and governance issues, responsible investing, socially responsible investing, systematic literature review
Research Division:Commerce, Management, Tourism and Services
Research Group:Banking, finance and investment
Research Field:Environment and climate finance
Objective Division:Commercial Services and Tourism
Objective Group:Financial services
Objective Field:Investment services (excl. superannuation)
UTAS Author:Daugaard, D (Associate Professor Dan Daugaard)
ID Code:146803
Year Published:2020
Web of Science® Times Cited:54
Deposited By:Economics and Finance
Deposited On:2021-09-28
Last Modified:2021-10-18

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