Linkages between Financial Risk and Sustainability in the Banking Sector: A Bibliometric Study

Authors

  • Loso Judijanto IPOSS Jakarta, Indonesia
  • Yusniar Yusniar STAI TGK Chik Pante kulu Banda Aceh
  • Rani Eka Arini Nusa Putra University

DOI:

https://doi.org/10.58812/wsshs.v2i07.1075

Keywords:

Financial Risk, Sustainability in Banking, Risk Management, Bibliometric Analysis, VOSviewer

Abstract

This paper presents a bibliometric analysis examining the evolution of research within the sustainability and risk management sectors in banking, based on several visual network analyses. Initial findings delineate thematic clusters focusing on green banking, financial performance, and the impact of technological advancements such as fintech. An investigation into the temporal progression of research themes from 2017 to 2021 highlights a significant shift from foundational concerns about financial stability to more nuanced discussions integrating sustainability and economic inclusivity. Additionally, the research identifies potential gaps in the literature, particularly around the integration of Islamic banking with green practices and the management of environmental and climate-related risks. Analysis of author collaborations within these thematic areas reveals a robust network of scholars, characterized by both dense, focused groupings and broader, interdisciplinary linkages. This study underscores the dynamic and evolving nature of academic discourse in sustainable finance, suggesting promising areas for future research.

References

J. Ali, K. N. Hussain, A. Alnoor, Y. R. Muhsen, and A. G. Atiyah, “Benchmarking methodology of banks based on financial sustainability using CRITIC and RAFSI techniques,” Decis. Mak. Appl. Manag. Eng., vol. 7, no. 1, pp. 315–341, 2024.

K. Krisciukaityte, T. Balezentis, and D. Streimikiene, “Linking financial performance and efficiency to sustainability in banking sector: a literature synthesis,” J. Bus. Econ. Manag., vol. 24, no. 3, pp. 506–526, 2023.

I. E.-S. Ebaid, “Nexus between sustainability reporting and corporate financial performance: evidence from an emerging market,” Int. J. Law Manag., vol. 65, no. 2, pp. 152–171, 2023.

S. A. Athari, C. Saliba, D. Khalife, and M. Salameh-Ayanian, “The role of country governance in achieving the banking sector’s sustainability in vulnerable environments: New insight from emerging economies,” Sustainability, vol. 15, no. 13, p. 10538, 2023.

M. Tashtamirov, “The place of sustainable development in ESG risks formation in banking sector,” in E3S Web of Conferences, EDP Sciences, 2023, p. 3051.

K. Lopatta, F. Buchholz, and W. Kornblum, “Controlling und Corporate Sustainability: eine exemplarische Darstellung anhand der Kreditwirtschaft,” in Handbuch Controlling, Springer, 2022, pp. 1057–1076.

M. Cantero-Saiz, B. Torre-Olmo, and S. Sanfilippo-Azofra, “Sustainable banking, financial strength and the bank lending channel of monetary policy,” 2023.

J. T. Abor, J. Y. Abor, and A. H. Ahmad, “Sustainable banking in developing economies,” in Sustainable and Responsible Investment in Developing Markets, Edward Elgar Publishing, 2023, pp. 190–203.

H. Liu and W. Huang, “Sustainable financing and financial risk management of financial institutions—case study on Chinese banks,” Sustainability, vol. 14, no. 15, p. 9786, 2022.

A. Biswas and A. Das, “Bank Sustainability, Default Risk and Systemic Risk Nexus,” 2022.

A. A. Emmanuel, N. A. Nwabuisi, and O. S. Alao, “An Empirical Investigation into the Relationship Between Financial Risk and Bank Performance,” Int. J. Financ. Bank. Res., vol. 8, no. 2, pp. 67–72, 2022.

S. Saint Akadiri and T. S. Adebayo, “The criticality of financial risk to environment sustainability in top carbon emitting countries,” Environ. Sci. Pollut. Res., vol. 29, no. 56, pp. 84226–84242, 2022.

J. Tuyon, O. P. Onyia, A. Ahmi, and C.-H. Huang, “Sustainable financial services: reflection and future perspectives,” J. Financ. Serv. Mark., vol. 28, no. 4, pp. 664–690, 2023.

K. Kasmawati, I. F. Siregar, R. Munika, and R. Rahmawati, “Growth and Collaboration in Sustainable Finance Literature: Bibliometric Analysis,” J. Law Sustain. Dev., vol. 12, no. 1, pp. 1–26, 2024.

L. Judijanto, A. Antoni, E. Turukay, and H. M. Arifin, “Mapping the Financial Risk Management Landscape: A Bibliometric Analysis of Recent Trends and Influential Contributions,” West Sci. Bus. Manag., vol. 1, no. 05, pp. 441–450, 2023.

S. Nam, “Bibliometric Analysis of Publications on Digital Innovation and Sustainability,” Yönetim ve Ekon. Derg., pp. 205–224, 2023.

B. Scholtens, “Finance as a driver of corporate social responsibility,” J. Bus. ethics, vol. 68, no. 1, pp. 19–33, 2006.

O. Weber, M. Fenchel, and R. W. Scholz, “Empirical analysis of the integration of environmental risks into the credit risk management process of European banks,” Bus. Strateg. Environ., vol. 17, no. 3, pp. 149–159, 2008.

G. Friede, T. Busch, and A. Bassen, “ESG and financial performance: aggregated evidence from more than 2000 empirical studies,” J. Sustain. Financ. Invest., vol. 5, no. 4, pp. 210–233, 2015.

O. V De la Torre-Torres, E. Galeana-Figueroa, and J. Álvarez-García, “Efficiency of the public pensions funds on the socially responsible equities of Mexico,” Sustainability, vol. 11, no. 1, p. 178, 2018.

M. I. Jizi, A. Salama, R. Dixon, and R. Stratling, “Corporate governance and corporate social responsibility disclosure: Evidence from the US banking sector,” J. Bus. ethics, vol. 125, pp. 601–615, 2014.

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. Scholtens, “Corporate social responsibility in the international banking industry,” J. Bus. ethics, vol. 86, no. 2, pp. 159–175, 2009.

M. Jeucken, Sustainable finance and banking: The financial sector and the future of the planet. Routledge, 2010.

E. Campiglio, Y. Dafermos, P. Monnin, J. Ryan-Collins, G. Schotten, and M. Tanaka, “Climate change challenges for central banks and financial regulators,” Nat. Clim. Chang., vol. 8, no. 6, pp. 462–468, 2018.

M. Pakurár, H. Haddad, J. Nagy, J. Popp, and J. Oláh, “The service quality dimensions that affect customer satisfaction in the Jordanian banking sector,” Sustainability, vol. 11, no. 4, p. 1113, 2019.

D. G. Barako and A. M. Brown, “Corporate social reporting and board representation: evidence from the Kenyan banking sector,” J. Manag. Gov., vol. 12, pp. 309–324, 2008.

D. M. Franks, R. Davis, A. J. Bebbington, S. H. Ali, D. Kemp, and M. Scurrah, “Conflict translates environmental and social risk into business costs,” Proc. Natl. Acad. Sci., vol. 111, no. 21, pp. 7576–7581, 2014.

E. Menicucci and G. Paolucci, “The determinants of bank profitability: empirical evidence from European banking sector,” J. Financ. Report. Account., vol. 14, no. 1, pp. 86–115, 2016.

Downloads

Published

2024-07-31

How to Cite

Judijanto, L., Yusniar, Y., & Arini, R. E. (2024). Linkages between Financial Risk and Sustainability in the Banking Sector: A Bibliometric Study. West Science Social and Humanities Studies, 2(07), 1143–1154. https://doi.org/10.58812/wsshs.v2i07.1075

Issue

Vol. 2 No. 07 (2024): West Science Social and Humanities Studies

Section

Articles

License

Copyright (c) 2024 Loso Judijanto, Yusniar Yusniar, Rani Eka Arini

Creative Commons License

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