Sustainable Finance: A Bibliometric Analysis of Green Finance and its Role in Global Markets
DOI:
https://doi.org/10.58812/wsbm.v2i04.1500Keywords:
Sustainable Finance, Green Finance, Global Market, Bibliometric AnalysisAbstract
This study conducts a comprehensive bibliometric analysis to map the evolution and scope of sustainable finance research from 2000 to 2024. Utilizing data sourced from Scopus, the analysis identifies major trends, themes, and contributions within the field, emphasizing the increasing integration of sustainability into financial practices. Key findings reveal a dramatic rise in publications over recent years, underscoring the growing academic and practical interest in sustainable finance. The research network analysis highlights significant global collaboration and the central role of technological innovations like fintech and artificial intelligence in advancing sustainable financial practices. The study also explores regional dynamics, showing robust contributions from both developed and emerging economies. Overall, this analysis provides crucial insights into how sustainable finance can be strategically advanced to meet global sustainability goals, offering directions for policy, practice, and future research.
References
V. Galaz, B. Crona, A. Dauriach, B. Scholtens, and W. Steffen, “Finance and the Earth system–Exploring the links between financial actors and non-linear changes in the climate system,” Glob. Environ. Chang., vol. 53, pp. 296–302, 2018.
S. Battiston, A. Mandel, I. Monasterolo, F. Schütze, and G. Visentin, “A climate stress-test of the financial system,” Nat. Clim. Chang., vol. 7, no. 4, pp. 283–288, 2017.
B. Kumar, L. Kumar, A. Kumar, R. Kumari, U. Tagar, and C. Sassanelli, “Green finance in circular economy: a literature review,” Environ. Dev. Sustain., pp. 1–41, 2023.
E. Rasoulinezhad and F. Taghizadeh-Hesary, “Role of green finance in improving energy efficiency and renewable energy development,” Energy Effic., vol. 15, no. 2, p. 14, 2022.
E. Weber, Invasive plant species of the world: a reference guide to environmental weeds. Cabi, 2017.
C. Li and M. Umair, “Does green finance development goals affects renewable energy in China,” Renew. Energy, vol. 203, pp. 898–905, 2023.
S. Fatica, R. Panzica, and M. Rancan, “The pricing of green bonds: are financial institutions special?,” J. Financ. Stab., vol. 54, p. 100873, 2021.
G. Gianfrate and M. Peri, “The green advantage: Exploring the convenience of issuing green bonds,” J. Clean. Prod., vol. 219, pp. 127–135, 2019.
A. Maltais and B. Nykvist, “Understanding the role of green bonds in advancing sustainability,” J. Sustain. Financ. Invest., pp. 1–20, 2020.
C. Flammer, “Corporate green bonds,” J. financ. econ., vol. 142, no. 2, pp. 499–516, 2021.
M. Piratti and V. Cattelan, “Islamic green finance: A new path to environmental protection and sustainable development,” in Islamic social finance, Routledge, 2018, pp. 144–172.
M. Irfan, A. Razzaq, A. Sharif, and X. Yang, “Influence mechanism between green finance and green innovation: exploring regional policy intervention effects in China,” Technol. Forecast. Soc. Change, vol. 182, p. 121882, 2022.
S. Hamidah and R. Dewantara, “The Alignment of Social, Economic and Environmental Aspects in Sustainable Finance of Islamic Green Banking,” in Brawijaya International Conference (BIC 2022), Atlantis Press, 2023, pp. 199–214.
S. Drempetic, C. Klein, and B. Zwergel, “The influence of firm size on the ESG score: Corporate sustainability ratings under review,” J. Bus. ethics, vol. 167, no. 2, pp. 333–360, 2020.
A. W. H. Yip and N. M. P. Bocken, “Sustainable business model archetypes for the banking industry,” J. Clean. Prod., vol. 174, pp. 150–169, 2018.
M. A. Khan, “ESG disclosure and firm performance: A bibliometric and meta analysis,” Res. Int. Bus. Financ., vol. 61, p. 101668, 2022.
S. Kumar, D. Sharma, S. Rao, W. M. Lim, and S. K. Mangla, “Past, present, and future of sustainable finance: insights from big data analytics through machine learning of scholarly research,” Ann. Oper. Res., pp. 1–44, 2022.
A. Sikora, “European Green Deal–legal and financial challenges of the climate change,” in Era forum, Springer, 2021, pp. 681–697.
C. Chueca Vergara and L. Ferruz Agudo, “Fintech and sustainability: do they affect each other?,” Sustainability, vol. 13, no. 13, p. 7012, 2021.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Loso Judijanto, Nanang Qosim, Syamsulbahri, Eva Yuniarti Utami, Chairil Afandy

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.