Page 89 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.82, # 1, 2025, pp. 89-106

SUSTAINABLE FINANCE AND INVESTMENT ANALYTICS: A

SYSTEMATIC LITERATURE REVIEW AND META-ANALYSIS
APPROACH

1
Rajni Bala , Sandeep Singh , Kiran Sood and Simon Grima 4
3
2

1 Chandigarh Group of Colleges
Jhanjeri, Mohali-140307, Punjab, India, Department of Management Studies,
Chandigarh School of Business. [email protected]; https://orcid.org/0000-
0002-6637-1117
2 University School of Applied Management, Punjabi University Patiala, Punjab,
India.
E.mail: [email protected]; Orchid id- https://orcid.org/0000-0002-9662-
7566
3 Chitkara Business School, Chitkara University, Punjab, India
[email protected]; 0000-0001-6177-5318
4 University of Malta, [email protected];

https://doi.org/10.30546/jestp.2025.82.01.091

Received: January 17; accepted May 30, 2025; published online July 31, 2025

ABSTRACT
Sustainable finance and investment analytics represent a critical convergence in
modern finance, promoting the integration of environmental, social, and governance
(ESG) metrics into financial decision-making. The growing urgency of climate
change, social inequality, and responsible governance practices has prompted
institutional investors, policy makers, and researchers to reevaluate the relevance of
traditional finance. This research paper presents a systematic literature review and
meta-analysis of recent academic and practitioner-based research in sustainable
finance and investment analytics. Using the PRISMA framework, 77 studies were
selected to examine trends in sustainable portfolio outcomes. Findings indicate that to
make the literature's analytical component more understandable, a variety of graphs
and diagrams are used. The results suggest that 2024 has the highest number of
publications during the period selected for this study. The 13th Sustainable
Development Goal, Climate Action, has the most publications. Based on the findings
of the bibliometric investigation, one significant cluster of ten researchers is
interpreted in green and red with relation to co-authorship links. Dark lines show a
close tie between the writers in terms of authorship. The chapter concludes by
highlighting research gaps, methodological trends, and future research pathways.

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