Current state and future directions of green and sustainable finance: a bibliometric analysis

Naeem, Muhammad Abubakr; Karim, Sitara; Rabbani, Mustafa Raza; Bashar, Abu; Kumar, Satish

doi:10.1108/qrfm-10-2021-0174

Cited by 31 publications

(3 citation statements)

References 67 publications

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“…At the same time, researchers note that in modern realities, however, there are not many standardised criteria for conducting investment activities in accordance with ESG principles in times of crisis, emergency or unstable internal relations (Kozlovskyi et al, 2022;Kozlovskyi et al, 2024). Businesses and firms that are in critical situations, when there is a need to respond to military or other emergency challenges and difficult situations in countries that tend to change rapidly (Naeem et al, 2022). For this reason, transformations in market conditions, business trends, and economic challenges in general can have a negative impact on the efficiency of investment.…”

Section: Discussionmentioning

confidence: 99%

The Role of Investment in Creating a Sustainable Financial Future: Strategies and Tools

2024

Futurity Economics&Law

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The relevance of the modern formation of the investment market depends on many aspects of socio-economic life, the consideration of which makes it possible to evaluate the role of investment mechanisms in the formation of financial stability in a different way. The study aims to explore the role of investments in creating sustainable financial environments, to analyze relevant opportunities, strategies and tools that can be used in the future. The implementation of the specified goal involves the use of separate scientific methods, in particular, the research process was based on a systematic approach, the method of thematic analysis, in particular, based on the analysis of results from selected topics, trends in the formation of a sustainable financial space were determined, methods of coding and comparison. The results of the study established that the stable existence of modern financial systems is based on the attraction of investments. It is shown that states with a high level of development of social indicators and human capital simultaneously have higher indicators of financial stability. States with high indices of economic freedom and human capital attract the attention of investors due to the comprehensibility of the functioning of local business environments. Current investment trends dictate the preference for projects related to environmental friendliness, opposition to fraudulent schemes and dishonesty. Setting the goals of sustainable development aims to develop financial markets, which has its impact on the processes of human capital, technological solutions in production, etc. It has been demonstrated that in some cases it is difficult to fulfill the current requirements of investors, taking into account certain features of cultural, economic and social development. The conclusion emphasizes that it is especially worth considering the complexity of implementing investment projects in times of instability, in particular, those related to a state of emergency or military operations.

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Section: Discussionmentioning

confidence: 99%

The Role of Investment in Creating a Sustainable Financial Future: Strategies and Tools

2024

Futurity Economics&Law

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“…Scopus, the largest research database, offers extensive coverage across a wide range of disciplines, including a comprehensive selection of relevant social science journals (Hallinger & Kovačevi c, 2019;Mongeon & Paul-Hus, 2016). Moreover, both databases have been used to conduct sustainable finance studies (Alshater et al, 2021;Hassanein & Mostafa, 2023;Jain & Tripathi, 2023;Luo et al, 2022;Naeem et al, 2023;Singhania & Swami, 2023).…”

Section: Methodsmentioning

confidence: 99%

New insights on social finance research in the sustainable development context

Gonzalez‐Ruiz,

Marín‐Rodríguez,

Weber

2024

Bus Strat Dev

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Research on sustainable finance has experienced significant growth in recent years, but the exploration from a comprehensive perspective is still in its nascent stages. As of July 2023, our research revealed that this area remains relatively underexplored in the existing body of knowledge, leading to a notable lack of comprehensive research analyzing the current state‐of‐the‐art in the social finance arena. To address this gap, our study takes a pioneering approach by utilizing scientometrics and network analysis techniques, specifically employing VOSviewer and Bibliometrix in conjunction with Web of Science and Scopus databases. By merging data from both sources and removing duplicate entries, we established a consolidated database of 401 relevant studies. Through our analysis, we have identified prominent authors, sources, and the most influential studies in the social finance arena. Additionally, we examined the coupling of studies and authors to ascertain their significance in this emerging domain. The results have unveiled several prominent further research, including mainly social banking, Islamic finance, social innovation, the impact of the COVID‐19 pandemic, impact investing, social impact bonds, and Sustainable Development Goals. By shedding light on the current landscape, our findings comprehensively understand the field's progress and potential directions. This insight is valuable for market participants, researchers, policymakers, and decision‐makers seeking to navigate and contribute to the evolving landscape of sustainable finance with a social focus. Furthermore, our innovative use of scientometrics and network analysis sets a precedent for future research exploring the complex interplay between finance, development, and sustainability.

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“…This shows that the domestic research on green finance mainly focuses on green financial products, green transformation development strategy and green (low-carbon) industry and carbon economy and the coupling relationship between them. Internationally, as shown in Table 4, the top keywords were impact (129), performance (95), investment (80), economic growth (76), policy (70) and CO2 emissions (60), growth (54), management (53), innovation (52) and market (49). This shows that the international research on green finance mainly focuses on the impact of climate change, corporate performance, investment, economic growth, policy intervention, carbon dioxide emissions, market innovation and management, etc.…”

Section: Abstract In the Co-occurrence Analysismentioning

confidence: 99%

Knowledge Ecology and Policy Governance of Green Finance in China—Evidence from 2469 Studies

Zhang

Dai

et al. 2022

IJERPH

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CiteSpace was used to visualize the knowledge ecology of the green finance research literature in CNKI and WOS, and NVivo software was used to root the code analysis of the current green finance policies in China. From the analysis of the research hotspots, both in China and internationally, great importance is attached to the research on green finance, and the research on green financialization has broad prospects. The core group of authors on green finance research in China has taken shape, whereas the core group of authors of green finance research in the rest of the world has not yet taken shape. There is a lack of close cooperation and a relatively low level of communication among important domestic green finance research institutions, and a certain scale of cooperation network has been formed among influential international institutions. The major countries for influential international green finance research are Singapore, France, Switzerland, Canada and Saudi Arabia, and the international influence of China’s green finance needs to be improved. Both domestic and foreign countries attach great importance to the balance between economic growth and the low-carbon green transition. China attaches more importance to macroeconomic development and strategic transition, but internationally, the trend is toward microcorporate green performance, policy optimization and market innovation. The research focus of green finance has achieved in three stages of evolution, namely, green industry in the early stage, green services in the middle stage and green strategy in the near future. International green finance research focuses on climate change, market players, government performance, social responsibility sharing, etc. In particular, reducing the cost of green development is the focus of international green finance. The domestic focus is on climate risk, carbon neutrality, carbon peak, low-carbon transition, carbon reduction, and green transition themes. Internationally, the focus is on financial performance, decisions, green finance, credit, drivers, quality, socially responsible investment and other topics. Considering the practical implementation of green finance in China, the governance logic of China’s green finance policy consists of five main categories: policy belief, policy objective, policy tool, policy feedback and policy cycle. In the future, the development and improvement of China’s green finance policy should achieve breakthroughs in the following aspects: first, guiding the main body of green finance policy to firmly establish policy beliefs; second, improving the clarity of green finance policy objectives; third, enhancing the overall effectiveness of the governance of green financial policy instruments; fourth, strengthening the green finance incentive policy feedback system construction; and fifth, improving the quality of green finance policy cycles.

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Current state and future directions of green and sustainable finance: a bibliometric analysis

Cited by 31 publications

References 67 publications

The Role of Investment in Creating a Sustainable Financial Future: Strategies and Tools

The Role of Investment in Creating a Sustainable Financial Future: Strategies and Tools

New insights on social finance research in the sustainable development context

Knowledge Ecology and Policy Governance of Green Finance in China—Evidence from 2469 Studies

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