Bibliographical analysis of publications on social investment according to Web of Science platform data

Authors

DOI:

https://doi.org/10.58423/2786-6742/2023-4-253-263

Keywords:

social investments, Web of Science, bibliographic analysis

Abstract

In the rapidly evolving conditions of global population growth and technological advancements, issues related to social and ecological aspects are significantly escalating. The involvement of governmental bodies alone is insufficient to address these challenges. Businesses need to actively engage in solving humanity's social and ecological issues. Social investment emerges as one approach for businesses to participate in tackling these challenges. However, the novelty and depth of theoretical and empirical research on this concept remain uncertain. This study aims to conduct a bibliographic analysis of publications on social investment retrieved from the Web of Science platform to identify trends in research within management and administration fields and determine prospective research directions. The article conducts a bibliographic analysis of social investment publications using Web of Science data, revealing the historical aspect and development dynamics of this research. It analyzes the publication activity compared to the dynamics of social investment volumes in the 21st century. The study identifies major research areas exploring the concept of social investment (publications in business, management and administration, social and behavioral sciences), and the key questions addressed by authors. Several concepts often equated with "social investments" such as socially responsible, impact, sustainable, conscious, green, clean, ethical, etc., have been identified. The study establishes that all these are components of social investments but possess both commonalities and distinctions among themselves. Emphasis is placed on the necessity of overseeing the directions of ESG (Environmental, Social, Governance) fund investments, which may not always be ethical. In conclusion, the study underscores the exceptional relevance of researching social investments in the business sphere as they can aid in resolving numerous economic, social, and ecological challenges.

Author Biographies

Iryna Zhyhlei, Zhytomyr Polytechnic

Doctor of Science in Economics, Professor

Svitlana Laichuk, Zhytomyr Polytechnic

Candidate of Economic Sciences, Associate Professor

Iryna Polishchuk, Zhytomyr Polytechnic

Candidate of Economic Sciences, Associate Professor

References

Fernandes, E.daS., Grochau, I.H., Ten Caten C.S. (2023) «Impact Investing: Determinants of External Financing of Social Enterprises in Brazil» Sustainability, №15(15), 11935; URL: https://doi.org/10.3390/su151511935 DOI: https://doi.org/10.3390/su151511935

Global Impact Investing Network (GIIN), URL: https://thegiin.org/

Hemerijck, А., Ronchi, I., Plavgo, I. (2023) «Social investment as a conceptual framework for analysing well-being returns and reforms in 21st century welfare states» Socio-Economic Review. Volume 21, Issue 1, January, pp. 479-500. URL: https://doi.org/10.1093/ser/mwac035 DOI: https://doi.org/10.1093/ser/mwac035

Islam, S.M., Rahman, A. (2023) «Impact investment deal flow and Sustainable Development Goals: “Mind the gap?”» Accounting and Finance. 05 February. URL: https://doi.org/10.1111/acfi.13068 DOI: https://doi.org/10.2139/ssrn.4362794

Schwartzkopff, F., White, N., Drozdiak, N. (2023) «Asset Managers Quietly Add ‘ESG’ to Portfolios of Defense Stocks». Bloomberg. 24.11. URL: https://www.bloomberg.com/news/articles/2023-11-24/as-putin-wages-war-asset-managers-add-esg-to-portfolios-of-defense-stocks

Slepecký, J., Vorontsova, A., Plastun, A., Makarenko, I., Zhyhlei, I. (2022) «Net investment position and the stock market: The case of traditional and ESG indices» Investment Management and Financial Innovations. Volume 19, Issue 2. pp. 51-66. URL: http://dx.doi.org/10.21511/imfi.19(2).2022.05 DOI: https://doi.org/10.21511/imfi.19(2).2022.05

Witte, J.G. (1963) «The microfoundations of the social investment function» Journal Of Political Economy. Volume 71, Issue 5, pp. 441-456. URL: https://www.journals.uchicago.edu/doi/10.1086/258793 DOI: https://doi.org/10.1086/258793

Published

2023-12-22