<?xml version="1.0" encoding="UTF-8"?>
<article article-type="Research Article">
  <front>
    <journal-meta>
      <journal-id journal-id-type="publisher">journal-of-information-and-optimization-sciences</journal-id>
      <journal-title-group>
        <journal-title>Journal of Information and Optimization Sciences</journal-title>
      </journal-title-group>
      <issn publication-format="electronic">2169-0103</issn>
      <issn publication-format="print">0252-2667</issn>
      <publisher>
        <publisher-name>Taru Publications</publisher-name>
      </publisher>
    </journal-meta>
    <article-meta>
      <article-id pub-id-type="doi">10.47974/JIOS-2086</article-id>
      <title-group>
        <article-title>Exploring the nexus of real options and ESG : A bibliometric analysis of Asian research</article-title>
      </title-group>
      <contrib-group>
        <contrib contrib-type="author" corresp="yes">
          <name>
            <surname>Csapi</surname>
            <given-names>Vivien</given-names>
          </name>
          <aff>Department of Finance and Accounting, Faculty of Business and Economics, University of Pécs, Pécs, 7622, Hungary</aff>
        </contrib>
        <contrib contrib-type="author">
          <name>
            <surname>Posza</surname>
            <given-names>Alexandra</given-names>
          </name>
          <aff>Department of Finance and Accounting, Faculty of Business and Economics, University of Pécs, Pécs, 7622, Hungary</aff>
        </contrib>
      </contrib-group>
      <volume>46</volume>
      <issue>8</issue>
      <fpage>2641</fpage>
      <lpage>2650</lpage>
      <pub-date date-type="pub">
        <day>29</day>
        <month>11</month>
        <year>2025</year>
      </pub-date>
      <abstract>
        <p>Integrating Environmental, Social, and Governance (ESG) factors into investment decisions is receiving increasing attention amid global sustainability challenges. Real options theory provides a framework for incorporating ESG into corporate finance under uncertainty. This study conducts a bibliometric analysis of 50 peer-reviewed Scopus articles from the past decade, focusing on ESG and real options in Asia. Using keyword mapping, we identify key research clusters and themes. Findings show a growing but nascent field, highlighting corporate sustainability strategies, ESG metrics in valuation, and regulatory impacts. Insights benefit academics, policymakers, and practitioners navigating ESG uncertainties in Asian markets.</p>
      </abstract>
      <kwd-group>
        <kwd>Real options theory</kwd>
        <kwd>ESG integration</kwd>
        <kwd>Investment decision-making</kwd>
        <kwd>Bibliometric analysis</kwd>
        <kwd>Sustainability-oriented investments</kwd>
      </kwd-group>
      <custom-meta-group>
        <custom-meta>
          <meta-name>access</meta-name>
          <meta-value>open</meta-value>
        </custom-meta>
        <custom-meta>
          <meta-name>retracted</meta-name>
          <meta-value>no</meta-value>
        </custom-meta>
      </custom-meta-group>
    </article-meta>
  </front>
</article>
