TY - JOUR
T1 - Sovereign ESG Integration
T2 - A Bibliometric and Systematic Literature Review
AU - Pascoal, Fabian Buddy
AU - Juwana, Hikmahanto
AU - Karuniasa, Mahawan
AU - Djojokusumo, Himawan Hariyoga
N1 - Publisher Copyright:
© 2023 Fabian Buddy Pascoal et al., published by Sciendo.
PY - 2023/4/1
Y1 - 2023/4/1
N2 - Investments with sustainable principles that fulfil environmental, social, and governance (ESG) that stress the notion of sovereignty, with varied financing needs and criteria and jurisdictional features, have just lately begun to emerge. We intend to investigate and debate the volume and scope of research performed in that environment. Using PRISMA framework, we obtained 37 articles from 2009 to 2021 related to sovereign aspects of ESG based sustainable investment from the Scopus database. We found that the issues discussed were dominated by Sovereign Wealth Funds (SWF), particularly from Norway, which has the world's largest market value. We emphasize the need for research in developing countries that have SWFs as well as host countries, analyze sovereign investment in the climate-impacted sectors, formulate our own composite index as a common denominator, where the cross-border legal basis for SWF is strengthened.
AB - Investments with sustainable principles that fulfil environmental, social, and governance (ESG) that stress the notion of sovereignty, with varied financing needs and criteria and jurisdictional features, have just lately begun to emerge. We intend to investigate and debate the volume and scope of research performed in that environment. Using PRISMA framework, we obtained 37 articles from 2009 to 2021 related to sovereign aspects of ESG based sustainable investment from the Scopus database. We found that the issues discussed were dominated by Sovereign Wealth Funds (SWF), particularly from Norway, which has the world's largest market value. We emphasize the need for research in developing countries that have SWFs as well as host countries, analyze sovereign investment in the climate-impacted sectors, formulate our own composite index as a common denominator, where the cross-border legal basis for SWF is strengthened.
KW - Bibliometric Analysis
KW - ESG
KW - Sovereign Wealth Fund
KW - Sustainable investment
KW - Systematic Literature Review
UR - http://www.scopus.com/inward/record.url?scp=85159899435&partnerID=8YFLogxK
U2 - 10.2478/sbe-2023-0013
DO - 10.2478/sbe-2023-0013
M3 - Article
AN - SCOPUS:85159899435
SN - 1842-4120
VL - 18
SP - 231
EP - 260
JO - Studies in Business and Economics
JF - Studies in Business and Economics
IS - 1
ER -
