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Bibliometric Review of Blended Finance and Partial Risk Guarantee: Establishing Needs and Advantages

Author

Listed:
  • Kamakshi Sharma

    (Department of Management Studies, IIT Delhi, Hauz Khas, New Delhi 110016, India)

  • Tusharika Mahna

    (Department of Management Studies, IIT Delhi, Hauz Khas, New Delhi 110016, India)

  • Sonali Jain

    (Department of Management Studies, IIT Delhi, Hauz Khas, New Delhi 110016, India)

  • Sanjay Dhir

    (Department of Management Studies, IIT Delhi, Hauz Khas, New Delhi 110016, India)

  • Neeta Rao

    (USAID India, Health Office, American Consulate, C-49, G-Block, Bandra Kurla Complex, Mumbai 400051, India)

  • Achin Biyani

    (IPE Global Limited, B-84, Defence Colony, New Delhi 110024, India)

  • Himanshu Sikka

    (IPE Global Limited, B-84, Defence Colony, New Delhi 110024, India)

  • Rishit Yadav

    (IPE Global Limited, B-84, Defence Colony, New Delhi 110024, India)

  • Sidharth Dua

    (IPE Global Limited, B-84, Defence Colony, New Delhi 110024, India)

  • Archish Gupta

    (IPE Global Limited, B-84, Defence Colony, New Delhi 110024, India)

Abstract

A partial risk guarantee (PRG) is one of the critical instruments in the blended finance approach that provides partial assurance to the risk investor to lend leveraged capital to the borrower. Under the PRG scheme, philanthropic capital is employed as a risk guarantee to create financial and economic additionality through the multiplier effect. This study examines the current trends in PRG and blended finance ecosystem research. This study also aims to identify future research areas to work upon. The bibliometric analysis highlights the need and advantages of blended finance and PRG. The study highlights themes, such as climate finance, SDGs, impact investments, and blended finance/PRGs, from the literature on blended finance. This study illustrates the impact for researchers and managers regarding the future direction to undertake and the domains where PRG can work wonders. The research allows for a comprehensive view of the leading trends, such as utilising blended finance tools such as PRG in funding the work in climate financing, SDGs, water, sanitation, and impact investment. This is perhaps the first study to conduct a bibliometric analysis of the developing area of blended finance partial risk guarantee literature to highlight its importance and advantages.

Suggested Citation

  • Kamakshi Sharma & Tusharika Mahna & Sonali Jain & Sanjay Dhir & Neeta Rao & Achin Biyani & Himanshu Sikka & Rishit Yadav & Sidharth Dua & Archish Gupta, 2023. "Bibliometric Review of Blended Finance and Partial Risk Guarantee: Establishing Needs and Advantages," IJFS, MDPI, vol. 11(3), pages 1-21, August.
  • Handle: RePEc:gam:jijfss:v:11:y:2023:i:3:p:103-:d:1215545
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    References listed on IDEAS

    as
    1. Dzikowski, Piotr, 2018. "A bibliometric analysis of born global firms," Journal of Business Research, Elsevier, vol. 85(C), pages 281-294.
    2. Na Ni & Dongrui Wu & Xiaofeng Xie & Yingtong Chen & Zhui Jian & Jincheng Qiu & Peichang Zhang, 2023. "Foundations as sustainability partners: climate philanthropy finance flows in China," Climate Policy, Taylor & Francis Journals, vol. 23(4), pages 446-461, April.
    3. Ratnakar Adhikari, 2022. "Leveraging aid for trade to mobilize climate finance in the least developed countries," Global Policy, London School of Economics and Political Science, vol. 13(4), pages 547-553, September.
    4. Elisabete Vieira & Mara Madaleno & Júlio Lobão, 2022. "Gender Diversity in Leadership: A Bibliometric Analysis and Future Research Directions," IJFS, MDPI, vol. 10(3), pages 1-14, July.
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