Sharing Economy: A Comprehensive Literature Review

Abstract

Abstract The objective of this study is to review the extant sharing economy (SE) literature. Applying a systematic literature review approach, this study thematically synthesizes the findings of 219 articles on sharing economy. It explores the definitional dilemma, sharing economy as a phenomenon and key theories used in the literature. It analyses the stakeholders and their motivations for participating in SE, which is mainly present in the accommodation and transportation sectors. We discuss various facets of these two sectors. The study shows how SE firms operate with novel business models with unique revenue streams. It synthesizes the challenges that SE faces. This study points out SE’s economic, social, and environmental impacts. It highlights the lack of regulations and policies for SE around the world. Finally, we provide the implications of this work and suggest future research avenues.