IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v63y2023i1p47-76.html
   My bibliography  Save this article

Indigenous sustainable finance as a research field: A systematic literature review on indigenising ESG, sustainability and indigenous community practices

Author

Listed:
  • Andre Poyser
  • Dan Daugaard

Abstract

Sustainable finance research has come into its own as an established area in the finance literature. The increased awareness of sustainability and global concerns around environmental, social and governance (ESG) issues, particularly among institutional investors, has catalysed a shift towards greater research and publications in this area. Accompanying this is the emerging body of work being produced on indigenous investments and indigenous community practices. These nascent strands of literature tell a story of the shift that is taking place within the finance field. To chart this shift and create a harmonised view of these bodies of work, this paper conducts a systematic literature review of the significant nexus between sustainable investments and indigenous approaches to sustainability. We present a framework for conceptualising and characterising the various stands of literature and, in so doing, make the case for Indigenous Sustainable Finance (ISF) as a distinct disciplinary field. This paper argues that ISF is distinct from mainstream sustainable finance and other social and management sciences and constitutes a legitimate, well‐defined sub‐field of research in its own right.

Suggested Citation

  • Andre Poyser & Dan Daugaard, 2023. "Indigenous sustainable finance as a research field: A systematic literature review on indigenising ESG, sustainability and indigenous community practices," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(1), pages 47-76, March.
    • Handle: RePEc:bla:acctfi:v:63:y:2023:i:1:p:47-76
    DOI: 10.1111/acfi.13062
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/acfi.13062
    Download Restriction: no
    File URL: https://libkey.io/10.1111/acfi.13062?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gunnar Friede & Timo Busch & Alexander Bassen, 2015. "ESG and financial performance: aggregated evidence from more than 2000 empirical studies," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 5(4), pages 210-233, October.
    2. Fontana, Lorenza B. & Grugel, Jean, 2016. "The Politics of Indigenous Participation Through “Free Prior Informed Consent”: Reflections from the Bolivian Case," World Development, Elsevier, vol. 77(C), pages 249-261.
    3. Ruwhiu, Diane & Cone, Malcolm, 2013. "Pragmatic leadership: A return to wisdom," Journal of Management & Organization, Cambridge University Press, vol. 19(1), pages 25-43, January.
    4. Maurizio Massaro & John Dumay & James Guthrie, 2016. "On the shoulders of giants: undertaking a structured literature review in accounting," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 29(5), pages 767-801, June.
    5. repec:eme:aaaj00:aaaj-01-2015-1939 is not listed on IDEAS
    6. Loomis, Terrence M., 2000. "Indigenous Populations and Sustainable Development: Building on Indigenous Approaches to Holistic, Self-Determined Development," World Development, Elsevier, vol. 28(5), pages 893-910, May.
    7. Venn, Tyron J., 2007. "Economic implications of inalienable and communal native title: The case of Wik forestry in Australia," Ecological Economics, Elsevier, vol. 64(1), pages 131-142, October.
    8. Jollands, Nigel & Harmsworth, Garth, 2007. "Participation of indigenous groups in sustainable development monitoring: Rationale and examples from New Zealand," Ecological Economics, Elsevier, vol. 62(3-4), pages 716-726, May.
    9. Kahui, Viktoria & Richards, Amanda C., 2014. "Lessons from resource management by indigenous Maori in New Zealand: Governing the ecosystems as a commons," Ecological Economics, Elsevier, vol. 102(C), pages 1-7.
    10. Anderson, Robert B., 1997. "Corporate/indigenous partnerships in economic development: The first nations in Canada," World Development, Elsevier, vol. 25(9), pages 1483-1503, September.
    11. Rahul Banerjee, 2009. "Addressing Equity Issues In Watershed Development Projects In Bhil Adivasi Areas Of Western Madhya Pradesh," World Scientific Book Chapters, in: Bhaskar Dutta & Tridip Ray & E Somanathan (ed.), New And Enduring Themes In Development Economics, chapter 3, pages 57-89, World Scientific Publishing Co. Pte. Ltd..
    12. Luisa Lombardi & Barry J. Cooper, 2015. "Aboriginal and Torres Strait Islander People in the Accounting Profession – An Exploratory Study," Australian Accounting Review, CPA Australia, vol. 25(1), pages 84-99, March.
    13. Asbjorn Osland & Joyce S. Osland, 2007. "Aracruz Celulose: best practices icon but still at risk," International Journal of Manpower, Emerald Group Publishing, vol. 28(1), pages 435 - 450, July.
    14. Saku, James C., 2002. "Modern Land Claim Agreements and Northern Canadian Aboriginal Communities," World Development, Elsevier, vol. 30(1), pages 141-151, January.
    15. Howard H. Frederick, 2008. "Introduction to special issue on indigenous entrepreneurs," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 2(3), pages 185-191, August.
    16. Asbjorn Osland & Joyce S. Osland, 2007. "Aracruz Celulose: best practices icon but still at risk," International Journal of Manpower, Emerald Group Publishing Limited, vol. 28(5), pages 435-450, August.
    17. Leduc, Timothy B., 2006. "Inuit economic adaptations for a changing global climate," Ecological Economics, Elsevier, vol. 60(1), pages 27-35, November.
    18. Howard H. Frederick, 2008. "Introduction to special issue on indigenous entrepreneurs," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 2(3), pages 185-191, August.
    19. Javier Vidal-García & Marta Vidal & Sabri Boubaker & Riadh Manita, 2019. "Idiosyncratic risk and mutual fund performance," Annals of Operations Research, Springer, vol. 281(1), pages 349-372, October.
    20. Makiko Omura, 2008. "Property Rights and Natural Resource Management Incentives: Do Transferability and Formality Matter?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(4), pages 1143-1155.
    21. Dan Daugaard, 2020. "Emerging new themes in environmental, social and governance investing: a systematic literature review," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(2), pages 1501-1530, June.
    22. Maurizio Massaro & John Dumay & James Guthrie, 2016. "On the shoulders of giants: undertaking a structured literature review in accounting," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 29(5), pages 767-801, June.
    23. Asbjorn Osland & Joyce S. Osland, 2007. "Aracruz Celulose: best practices icon but still at risk," International Journal of Manpower, Emerald Group Publishing Limited, vol. 28(5), pages 435-450, August.
    24. Anne Elizabeth Fordham & Guy M. Robinson, 2018. "Mechanisms of change: Stakeholder Engagement in the Australian Resource Sector through CSR," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 674-689, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ellie Norris & Shawgat Kutubi & Steven Greenland, 2023. "Cultural accountability in the annual report: The case of First Nations entities in Australia," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 4453-4478, December.
    2. Zhang, Dongyang, 2024. "The pathway to curb greenwashing in sustainable growth: The role of artificial intelligence," Energy Economics, Elsevier, vol. 133(C).
    3. Syed Shoaib Nazir & Taimur Ashiq & Mazhar Farid Chishti & Riffat Ullah & Athar Marwat, 2024. "Assessing Financial Stability through ESG: The Impact of Sustainable Finance on Commercial Banks listed in Pakistan Stock Exchange (PSX)," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(3), pages 120-129.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lanzalonga Federico & Chmet Federico & Petrolo Basilio & Brescia Valerio, 2023. "Exploring Diversity Management to Avoid Social Washing and Pinkwashing: Using Bibliometric Analysis to Shape Future Research Directions," Journal of Intercultural Management, Sciendo, vol. 15(1), pages 41-65, March.
    2. Maria Järlström & Essi Saru & Sinikka Vanhala, 2018. "Sustainable Human Resource Management with Salience of Stakeholders: A Top Management Perspective," Journal of Business Ethics, Springer, vol. 152(3), pages 703-724, October.
    3. Del Vecchio, Pasquale & Secundo, Giustina & Garzoni, Antonello, 2023. "Phygital technologies and environments for breakthrough innovation in customers' and citizens' journey. A critical literature review and future agenda," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    4. Mohammed Adel Elzahaby, 2023. "Corporate narrative disclosure practices in the Middle East and North Africa (MENA) region: a systematic literature review," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 20(3), pages 296-315, September.
    5. Rui Coelho & Shital Jayantilal & Joao J. Ferreira, 2023. "The impact of social responsibility on corporate financial performance: A systematic literature review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1535-1560, July.
    6. Emina Krcmar & H. Nelson & G. Cornelis van Kooten & Ilan Vertinsky & J. Webb, 2005. "Can Forest Management Strategies Sustain The Development Needs Of The Little Red River Cree First Nation?," Working Papers 2005-04, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    7. Bob Frame, 2008. "‘Wicked’, ‘Messy’, and ‘Clumsy’: Long-Term Frameworks for Sustainability," Environment and Planning C, , vol. 26(6), pages 1113-1128, December.
    8. Krivogorsky, Victoria & Mintchik, Natalia & Alon, Anna, 2023. "Accounting research in former Soviet bloc countries: Past trends and current and future developments," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 50(C).
    9. Walaa Wahid ElKelish*, 2023. "Accounting for Corporate Human Rights: Literature Review and Future Insights," Australian Accounting Review, CPA Australia, vol. 33(2), pages 203-226, June.
    10. Charl de Villiers & Matteo La Torre & Vida Botes, 2022. "Accounting and social capital: A review and reflections on future research opportunities," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(4), pages 4485-4521, December.
    11. Archana Saxena & Rajesh Singh & Anita Gehlot & Shaik Vaseem Akram & Bhekisipho Twala & Aman Singh & Elisabeth Caro Montero & Neeraj Priyadarshi, 2022. "Technologies Empowered Environmental, Social, and Governance (ESG): An Industry 4.0 Landscape," Sustainability, MDPI, vol. 15(1), pages 1-17, December.
    12. Mattias Sandgren & Timur Uman & Mattias Nordqvist, 2023. "Accountants in family firms—a systematic literature review," Small Business Economics, Springer, vol. 61(1), pages 349-388, June.
    13. Koenigsmarck, Markus & Geissdoerfer, Martin, 2023. "Shifting the Focus to Measurement: A Review of Socially Responsible Investing and Sustainability Indicators," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 136617, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    14. Abbate, Stefano & Centobelli, Piera & Cerchione, Roberto, 2023. "The digital and sustainable transition of the agri-food sector," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    15. Drago, Carlo & Gatto, Andrea & Ruggeri, Matteo, 2023. "Telemedicine as technoinnovation to tackle COVID-19: A bibliometric analysis," Technovation, Elsevier, vol. 120(C).
    16. Gallucci, Carmen & Santulli, Rosalia & Lagasio, Valentina, 2022. "The conceptualization of environmental, social and governance risks in portfolio studies A systematic literature review," Socio-Economic Planning Sciences, Elsevier, vol. 84(C).
    17. Sascha B. Herr & Peter Lorson & Jochen Pilhofer, 2022. "Alternative Performance Measures: A Structured Literature Review of Research in Academic and Professional Journals," Schmalenbach Journal of Business Research, Springer, vol. 74(3), pages 389-451, September.
    18. Ge Ge & Xiang Xiao & Zhenzhu Li & Qinghui Dai, 2022. "Does ESG Performance Promote High-Quality Development of Enterprises in China? The Mediating Role of Innovation Input," Sustainability, MDPI, vol. 14(7), pages 1-24, March.
    19. Dan Daugaard, 2020. "Emerging new themes in environmental, social and governance investing: a systematic literature review," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(2), pages 1501-1530, June.
    20. Manuela Gomez‐Valencia & Maria Alejandra Gonzalez‐Perez & Ana Maria Gomez‐Trujillo, 2021. "The “Six Ws” of sustainable development risks," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 3131-3144, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:63:y:2023:i:1:p:47-76. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.