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Trends in research of responsible investment in the context of sustainable development: bibliometric analysis

Author

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  • Bulavinova, Natalia
  • Burdenko, Iryna
  • Lehenchuk, Serhii
  • Tsaruk, Iryna
  • Ostapchuk, Tetiana

Abstract

Purpose. The purpose of the article is to outline trends and priorities for the study of responsible investment in the context of sustainable development and explore research institutions and publishing activities in this area. Methodology / approach. The study used bibliometric, structural, cluster and graphic analysis, as well as methods for visualizing the publishing activity of scientists on responsible investment according to the Web of Science platform and using VOSviewer software. Results. Based on a study of 1534 articles on the topic of responsible investment, in such areas of analysis as publication categories, dynamics of publications, types of organizations, authors' activity, publishing rating, countries of publication activity, citations of articles, clustering of terms and cited authors, the bibliometric field of this concept was characterized and visualized. The most cited articles which are directed on revealing of tendencies of disclosure and the subsequent monitoring of subjects of VI as bases of sustainable development of economy are investigated. The publishing activity of the authors and the most cited and relevant articles are analyzed. Four thematic clusters in the study of responsible investment (empirical, behavioral, generalizing and supporting) and the most famous institutions, involved in the study of responsible investment, were revealed. Originality / scientific novelty. The main parameters of the bibliometric field of responsible investment were characterized by means of cluster, structural and graphical analysis of the dynamics of individual indicators. For the first time, on the basis of the identified clusters, the affiliation of the research topic to the related “empirical” and “supply” cluster was determined. It was determined that the connection between clusters of responsible investment is manifested in their role as tools and at the same time strategies for the formation of new investment opportunities. Practical value / implications. The obtained results allow substantiating the key approaches to understanding responsible investment and the most priority areas of its research, to determine the sources of its scientific and methodological support on the way to sustainable development.

Suggested Citation

  • Bulavinova, Natalia & Burdenko, Iryna & Lehenchuk, Serhii & Tsaruk, Iryna & Ostapchuk, Tetiana, 2021. "Trends in research of responsible investment in the context of sustainable development: bibliometric analysis," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(3), September.
    • Handle: RePEc:ags:areint:314171
    DOI: 10.22004/ag.econ.314171
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    References listed on IDEAS

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    1. Nigel Roome & Céline Louche, 2016. "Journeying Toward Business Models for Sustainability: A Conceptual Model Found Inside the Black Box of Organisational Transformation," Post-Print hal-01183743, HAL.
    2. Constantin Zopounidis & Dimitris Kenourgios, 2020. "Recent Advances and Applications in Alternative Investments," Post-Print hal-02880215, HAL.
    3. Luluk Widyawati, 2020. "A systematic literature review of socially responsible investment and environmental social governance metrics," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 619-637, February.
    4. Mahfuzur Rahman & Che Ruhana Isa & Teng-Tsai Tu & Moniruzzaman Sarker & Md. Abdul Kaium Masud, 2020. "A bibliometric analysis of socially responsible investment sukuk literature," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 5(1), pages 1-19, December.
    5. Galema, Rients & Plantinga, Auke & Scholtens, Bert, 2008. "The stocks at stake: Return and risk in socially responsible investment," Journal of Banking & Finance, Elsevier, vol. 32(12), pages 2646-2654, December.
    6. Judit Nagy & Judit Oláh & Edina Erdei & Domicián Máté & József Popp, 2018. "The Role and Impact of Industry 4.0 and the Internet of Things on the Business Strategy of the Value Chain—The Case of Hungary," Sustainability, MDPI, vol. 10(10), pages 1-25, September.
    7. Reinhard Steurer, 2010. "The role of governments in corporate social responsibility: characterising public policies on CSR in Europe," Policy Sciences, Springer;Society of Policy Sciences, vol. 43(1), pages 49-72, March.
    8. Laura Fabregat-Aibar & M. Glòria Barberà-Mariné & Antonio Terceño & Laia Pié, 2019. "A Bibliometric and Visualization Analysis of Socially Responsible Funds," Sustainability, MDPI, vol. 11(9), pages 1-17, May.
    9. Renneboog, Luc & Ter Horst, Jenke & Zhang, Chendi, 2008. "Socially responsible investments: Institutional aspects, performance, and investor behavior," Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1723-1742, September.
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    Cited by:

    1. Alrowwad, Anas Mohammad & Alhasanat, Khaled Ahmad & Sokil, Oleh & Halko, Serhii & Kucherkova, Svitlana, 2022. "Sustainable transformation of accounting in agriculture," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(2), June.
    2. Lehenchuk, Serhii & Raboshuk, Alina & Valinkevych, Nataliia & Polishchuk, Iryna & Khodakyvskyy, Volodymyr, 2022. "Analysis of financial performance determinants: evidence from Slovak agricultural companies," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(4), December.

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