ESG investing themes in developing countries research progress and future prospects

: a systematic literature review

Abstract

Purpose – This thesis aims to evaluate the research progress in the field of ESG investment in developing countries based on academic articles retrieved from the Web of Science (WoS) database.Design/Methodology/Approach – This research used a mix of quantitative and qualitative manual content analysis. For this purpose, 46 articles about ESG in developing countries were retrieved from the Web of Science (WoS) database to conduct a systematic review of the research progress in the field of ESG investment for identifying research gaps and laying down the research agenda for the future. Findings – This research found that most of the reviewed papers focus on the correlation between ESG and corporate financial performance by analyzing empirical data. Research Limitations – The articles included in the study were sourced from only one index (Web of Science), limiting the capacity to explore various literature available on sustainable investment from other sources, especially in languages other than English. Originality – To the author's best knowledge, this is the first study to conduct a systematic literature review about ESG investing themes in developing countries.

Date of Award	20 Oct 2022
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Fabio Rubio Scarano (Supervisor)