The oil and gas industry is enmeshed in a continuous debate regarding the negative impact that its activity has on the sustainability of the environment. Increasingly, the market and stakeholders are positively evaluating those firms which are socially responsible and penalizing those that are not. Literature has analyzed the market view through the Environmental, Social and Governance (ESG) controversies and their relationship with Corporate Financial Performance (CFP), as well as with Corporate Social Responsibility (CSR) strategy. This study analyzes the influence of ESG controversies as a moderating variable on the relationship between Environmental, Social, and Governance factors and Corporate Financial Performance from a market valuation perspective. To perform this analysis, PLS-SEM structural equations have been applied to a sample of 264 oil and gas firms globally. The results confirm the moderating influence of ESG controversies on the relationship between E, S, and G factors and Corporate Financial Performance.

The global construction industry faces significant environmental and social sustainability challenges that hinder its alignment with the United Nations Sustainable Development Goals (SDGs). This study investigates the impact of country-level corruption and trade tariffs, and the moderating role of Intellectual Property Rights (IPR) protection, on construction firm SDG engagement. A quantitative analysis was conducted using an original dataset of 195 observations of construction firms across 31 countries collected from 2003 to 2022, with SDG engagement scores derived from public sources and country and institutional data from the World Bank and the Heritage Foundation. Ordinal logistic regression tested the direct and moderated effects of corruption, tariffs, and IPR on SDG engagement, controlling for other variables. The findings reveal that higher perceived home-country corruption and higher home-country tariffs are significantly and negatively associated with company SDG engagement scores. Stronger home-country IPR protection was found to weaken the negative impact of corruption and enhance the positive effects of lower tariffs on SDG engagement. Finally, the results highlight that institutional environments have a critical role in shaping firms’ sustainability actions, suggesting that effective governance, an open trade perspective, and intellectual property protection are key enablers of corporate SDG alignment. These findings contribute to the literature by providing evidence of how institutional quality can foster responsible business strategies in the construction industry and offer practical insights for policymakers seeking to reduce barriers to sustainable development.

Foreign direct investment (FDI) plays a vital role in Africa’s economic development; however, the rapidly expanding body of literature on this topic remains highly fragmented. This dispersion creates a significant research problem, obscuring structural evolution, persistent thematic gaps, and collaborative networks within the field. To address this, a bibliometric analysis is necessary, as it provides an objective, macro-level methodology capable of synthesising vast amounts of publication data and uncovering hidden intellectual structures that traditional systematic reviews cannot easily capture. Consequently, this study maps the development of FDI research in Africa by analysing and visualising scientific publications to reveal the structure, evolution, and interdisciplinary nature of the field, identifying leading scholars, collaboration networks, and core thematic areas. Using data from the Scopus database, the study examines 2003 documents through Biblioshiny and VOSviewer. The findings are presented in three sections. The descriptive analysis shows a steady rise in FDI publications from 1986 to 2024, with strong growth in the past two decades. The most productive institutions are in South Africa and Nigeria, while major contributing countries include South Africa, the United States, China, and the United Kingdom. Keyword and collaboration analyses highlight themes such as Sub-Saharan Africa, economic growth, capital flow, renewable energy, and natural resources. Ultimately, this mapping goes beyond descriptive trends to provide critical analytical insights, revealing a significant thematic shift from traditional economic paradigms toward sustainable development and environmental economics. Practically, these findings offer strategic guidance for policymakers and investors by identifying key institutional hubs and regional knowledge gaps. Scientifically, the study establishes a foundation for future research by directing attention toward underexplored, emerging issues such as climate resilience, digital transformation, and subnational FDI dynamics.

For decades, fossil fuels have accounted for 70% to 80% of global primary energy demand. Far from ending this trend, O&G companies continue to be the main fore-runners in providing secure, versatile and widespread energy to the entire world. The relevance of this sector in the economic-financial landscape and the concern for its stability, makes that the high interest of the scientific community to explore the factors that explain the O&G cross-sectional expected returns remains intact. Through a new approach from the Random Matrix Theory, the aim is to know how many are the factors that explain the market performance of the O&G subsectors (upstream, midstream & downstream), and also if the Brent price can be considered an explanatory factor. We will show that for certain periods, Brent becomes the only factor explaining the movements in the upstream and midstream subsectors, while for most of the time the only factor is the market. Other interesting finding is that no significant factors are found for the downstream subsector, except in certain periods. With a purely statistical approach, we show the factors that explain the cross-sectional expected return of the O&G companies, providing information of special relevance for the decision making of investors, executives and politicians.