Evolution, Challenges, and Future Research Directions of ESG Investment in Emerging Markets: A Systematic Literature Review

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AudienciaPúblico en generales_ES
CoberturaMéxico [143]es_ES
Fecha de ingreso2026-09-09T01:06:02Z
Fecha de publicación2026-01-01
ResumenIn the current context, where sustainability has become a global imperative, emerging markets have increasingly incorporated green finance as a strategic pillar to foster long-term growth and stability. This study examines the evolution, trends, and key challenges of sustainable investment in emerging economies, with a particular focus on the integration of environmental, social, and governance (ESG) criteria. A systematic literature review was conducted using Scopus and Web of Science, following the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) protocol, based on a sample of 399 articles published over the past decade. The findings reveal a significant expansion in academic output on ESG investments in emerging markets, with an average annual growth rate of 14.06% and an international co-authorship rate of 37.34%. China, the United Kingdom, South Africa, and the United States emerge as leading contributors, particularly since 2020. However, critical gaps persist, including inconsistencies in ESG ratings and the limited adaptation of ESG frameworks to local socioeconomic and institutional conditions. Future research should focus on strengthening public policy frameworks, designing effective fiscal incentives, assessing the distributive implications of green finance, and leveraging technologies such as fintech, blockchain, and artificial intelligence to enhance ESG rating consistency, transparency, risk measurement, and the overall efficiency of sustainable investments.es_ES
Doi10.3390/admsci16060294es_ES
URIhttps://riuat.uat.edu.mx/handle/123456789/1469
IdiomaEspañol [65]es_ES
RelaciónLuis Ángel Meneses Cerón, Idolina Bernal González, Julián Mauricio Gómez López, Yudith Cristina Caicedo Domínguez, Astrid Larrondo García. (2026). Evolution, Challenges, and Future Research Directions of ESG Investment in Emerging Markets: A Systematic Literature Review. Administrative Sciences. https://doi.org/10.3390/admsci16060294es_ES
URL relacionadohttps://www.mdpi.com/2076-3387/16/6/294es_ES
DerechosAcceso Abiertoes_ES
LicenciaBY NC NDes_ES
FuenteAdministrative Sciences, () vol.? (2026)
Palabra claveemerging marketses_ES
Palabra claveESG criteriaes_ES
Palabra clavenew technologieses_ES
Palabra clavesustainable investmentes_ES
Palabra clavegreen financial instrumentses_ES
ClasificaciónCIENCIAS SOCIALES [5]:CIENCIAS ECONÓMICAS [53]:ORGANIZACIÓN Y DIRECCIÓN DE EMPRESAS [5311]es_ES
TítuloEvolution, Challenges, and Future Research Directions of ESG Investment in Emerging Markets: A Systematic Literature Reviewes_ES
TipoArtículoes_ES
ArbitradoHa sido Arbitradoes_ES
ÁreaCIENCIAS SOCIALES [5]
ÁreaCIENCIAS SOCIALES [5]es_ES
AutorLUIS ÁNGEL MENESES CERÓN
AutorIDOLINA BERNAL GONZÁLEZ;761
AutorJULIÁN MAURICIO GÓMEZ LÓPEZ
AutorYUDITH CRISTINA CAICEDO DOMÍNGUEZ
AutorASTRID LARRONDO GARCÍA
AutorLUIS ÁNGEL MENESES CERÓNes_ES
AutorIDOLINA BERNAL GONZÁLEZ;761es_ES
AutorJULIÁN MAURICIO GÓMEZ LÓPEZes_ES
AutorYUDITH CRISTINA CAICEDO DOMÍNGUEZes_ES
AutorASTRID LARRONDO GARCÍAes_ES
DisciplinaCIENCIAS ECONÓMICAS [53]es_ES
EdiciónPrimeraes_ES
SubdisciplinaORGANIZACIÓN Y DIRECCIÓN DE EMPRESAS [5311]es_ES
Tipo de artículoIndexado
Tipo de artículoIndexadoes_ES

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