The Integration of Sustainability into the Theory and Practice of Finance: An Overview of the State of the Art and Outline of Future Developments

Journal of Business Economics 83, 555-576, 2013

27 Pages Posted: 24 Oct 2013

See all articles by Astrid Juliane Salzmann

Astrid Juliane Salzmann

RWTH Aachen University - Department of Finance

Date Written: April 15, 2013

Abstract

The purpose of this paper is to provide a comprehensive view of the current state of the litera-ture in sustainable issues in financial research. Progress in these areas has generally been slow, and the concept of sustainable finance has not yet fully settled in the academic literature. We introduce corporate social responsibility as the underlying framework for sustainable finance and review key strands from the diverse literature on sustainability in finance. We suggest how this research field might advance in the future and propose a number of open questions that require further analysis.

Keywords: sustainable finance, sustainability, corporate social responsibility, socially responsible investing

JEL Classification: G24, O57, Z1

Suggested Citation

Salzmann, Astrid Juliane, The Integration of Sustainability into the Theory and Practice of Finance: An Overview of the State of the Art and Outline of Future Developments (April 15, 2013). Journal of Business Economics 83, 555-576, 2013, Available at SSRN: https://ssrn.com/abstract=2344247

Astrid Juliane Salzmann (Contact Author)

RWTH Aachen University - Department of Finance ( email )

Templergraben 64
Aachen, 52056
Germany

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