IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v16y2023i2p108-d1063945.html
   My bibliography  Save this article

Emerging Research Trends in Green Finance: A Bibliometric Overview

Author

Listed:
  • Sagarika Mohanty

    (KIIT School of Management, KIIT University, Bhubaneswar 751024, Odisha, India)

  • Sudhansu Sekhar Nanda

    (Department of Finance, Kirloskar Institute of Management, Harihar 577601, Karnataka, India)

  • Tushar Soubhari

    (Department of Commerce, N.S.S. College, University of Calicut, Manjeri 676122, Kerala, India)

  • Vishnu N S

    (Department of Commerce and Professional Studies, Rajagiri College of Social Sciences (Autonomous), Cochin 683104, Kerala, India)

  • Sthitipragyan Biswal

    (Department of Management, ASTHA School of Management, Bhubaneswar 752101, Odisha, India)

  • Shalini Patnaik

    (Department of Finance, Institute of Management and Information Science, Bhubaneswar 752101, Odisha, India)

Abstract

Green finance is significant since it is the first organized effort by the financial industry to link financial performance with a positive environmental impact. Green finance products are being developed appropriately to achieve sustainability. The present study employs a fundamental bibliometric methodology to assess the current state and progress of academic research on green finance. 1748 papers are taken for this study. Data are extracted from a scholarly database i.e., SCOPUS and for network analysis, VOSviewer software is used. The present paper is focused on six research questions. Information is gathered to examine the above research questions and network maps are applied. We examined year-wise document publications, types of documents, subject areas, most influential articles, different journal sources, co-authorship of countries, and co-occurrence of keywords of green finance. We categorized keywords into clusters and discovered new trends in green finance. The paper also highlighted the recent issues and challenges. The study has also certain limitations and it is concluded by providing implications and suggestions for future studies. At last, this paper will give more insights to researchers, academicians, and others to discover the research gaps in this field of green finance.

Suggested Citation

  • Sagarika Mohanty & Sudhansu Sekhar Nanda & Tushar Soubhari & Vishnu N S & Sthitipragyan Biswal & Shalini Patnaik, 2023. "Emerging Research Trends in Green Finance: A Bibliometric Overview," JRFM, MDPI, vol. 16(2), pages 1-17, February.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:2:p:108-:d:1063945
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/16/2/108/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/16/2/108/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paresh Kumar Narayan & Syed Aun R. Rizvi & Ali Sakti, 2022. "Did green debt instruments aid diversification during the COVID-19 pandemic?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-15, December.
    2. Mo Du & Ruirui Zhang & Shanglei Chai & Qiang Li & Ruixuan Sun & Wenjun Chu, 2022. "Can Green Finance Policies Stimulate Technological Innovation and Financial Performance? Evidence from Chinese Listed Green Enterprises," Sustainability, MDPI, vol. 14(15), pages 1-28, July.
    3. Farhad Taghizadeh-Hesary & Naoyuki Yoshino, 2020. "Sustainable Solutions for Green Financing and Investment in Renewable Energy Projects," Energies, MDPI, vol. 13(4), pages 1-18, February.
    4. Lee, Chi-Chuan & Lee, Chien-Chiang, 2022. "How does green finance affect green total factor productivity? Evidence from China," Energy Economics, Elsevier, vol. 107(C).
    5. Simone Pizzi & Francesco Rosati & Andrea Venturelli, 2021. "The determinants of business contribution to the 2030 Agenda: Introducing the SDG Reporting Score," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 404-421, January.
    6. Muhammad Shahbaz & Alaa Soliman & Subhan Ullah (ed.), 2021. "Economic Growth and Financial Development," Springer Books, Springer, number 978-3-030-79003-5, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Inese Mavlutova & Aivars Spilbergs & Atis Verdenhofs & Jekaterina Kuzmina & Ilja Arefjevs & Andris Natrins, 2023. "The Role of Green Finance in Fostering the Sustainability of the Economy and Renewable Energy Supply: Recent Issues and Challenges," Energies, MDPI, vol. 16(23), pages 1-18, November.
    2. Hamza Alqudah & Mohammad Al-Qudah & Yazan Abu Huson & Abdalwali Lutfi & Mahmaod Alrawad & Mohammed Amin Almaiah, 2024. "A Decade of Green Economic Literature: An Analysis-Based Bibliometric," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 497-511, May.
    3. Chen, Zhiguo & Gao, Wei & Zafar, Quratulain & Dördüncü, Hazar, 2023. "Natural resources extraction and geopolitical risk: Examining oil resources extraction in China," Resources Policy, Elsevier, vol. 85(PA).
    4. Haiyan Shang & Susu Wang & Shuwen Chen & Roengchai Tansuchat & Jianxu Liu, 2023. "North–South Differences and Formation Mechanisms of Green Finance in Chinese Cities," Sustainability, MDPI, vol. 15(19), pages 1-21, October.
    5. Wang, Feilan & Chen, Junbo & Wu, Feixia & Li, Hongwei & Li, Jianfang, 2024. "The role of natural resources, fintech and economic complexity in sustainable development for BRICS nations: A policy insight from advanced panel data techniques," Resources Policy, Elsevier, vol. 97(C).
    6. Li, Yali & Pang, Dezhi & Cifuentes-Faura, Javier, 2023. "Time-Varying linkages among financial development, natural resources utility, and globalization for economic recovery in China," Resources Policy, Elsevier, vol. 82(C).
    7. Md. Sazib Miyan & Calvin W. H. Cheong & Arshian Sharif & Sahar Afshan, 2024. "Three Decades of Green Finance: The State of the Art and Way Forward," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 88-105, November.
    8. Zhai, Wei, 2023. "Risk assessment of China's foreign direct investment in "One Belt, One Road": Taking the green finance as a research perspective," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee, Chien-Chiang & He, Zhi-Wen & Xiao, Fu, 2022. "How does information and communication technology affect renewable energy technology innovation? International evidence," Renewable Energy, Elsevier, vol. 200(C), pages 546-557.
    2. Wang, Xiuli, 2023. "Exploring the role of resource industry dependence and green finance in green development efficiency in the context of post-Covid-19 period," Resources Policy, Elsevier, vol. 85(PB).
    3. Lee, Chien-Chiang & Wang, Fuhao & Chang, Yu-Fang, 2023. "Does green finance promote renewable energy? Evidence from China," Resources Policy, Elsevier, vol. 82(C).
    4. Nijah Akram & Muhammad Shahzad Gul & Muhammad Waqas Nazir & Fahad Asghar & Fahad Atta, 2023. "Unlocking Sustainable Horizons: Explaining The Role of Green Finance in Advancing Sustainable Construction Practices among Building Professionals," Journal of Economic Impact, Science Impact Publishers, vol. 5(3), pages 217-224.
    5. Abdul Gafoor, C.P. & Perumbalath, Shamshadali & Daimari, Phungkha & Naheem, K.T., 2024. "Trends and patterns in green finance research: A bibliometric study," Innovation and Green Development, Elsevier, vol. 3(2).
    6. Hongjian Yu & Yao Zhao & Guitao Qiao & Mahmood Ahmad, 2023. "Can Green Financial Reform Policies Promote Enterprise Development? Empirical Evidence from China," Sustainability, MDPI, vol. 15(3), pages 1-21, February.
    7. Xin Yun & Yang Hu, 2024. "An Overview of the Evolution in the Research Landscape of Green Finance," World, MDPI, vol. 5(4), pages 1-32, December.
    8. Saxena Ashish & Tiwari Sadhana & Bhardwaj Shashank & Srivastava Shweta & Kumar Nitendra, 2023. "A Bibliometric Review of Green Finance: Current Status, Development and Future Directions," Folia Oeconomica Stetinensia, Sciendo, vol. 23(2), pages 331-351, December.
    9. Ma, Dan & Zhu, Yanjin & Yang, Yuhan, 2024. "How Green finance affects export production quality: Fresh evidence from China," Energy Economics, Elsevier, vol. 131(C).
    10. Wang, Kai-Hua & Zhao, Yan-Xin & Jiang, Cui-Feng & Li, Zheng-Zheng, 2022. "Does green finance inspire sustainable development? Evidence from a global perspective," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 412-426.
    11. Hunjra, Ahmed Imran & Hassan, M. Kabir & Zaied, Younes Ben & Managi, Shunsuke, 2023. "Nexus between green finance, environmental degradation, and sustainable development: Evidence from developing countries," Resources Policy, Elsevier, vol. 81(C).
    12. Li, Jiaman & Dong, Kangyin & Taghizadeh-Hesary, Farhad & Wang, Kun, 2022. "3G in China: How green economic growth and green finance promote green energy?," Renewable Energy, Elsevier, vol. 200(C), pages 1327-1337.
    13. Liu, Yang & Zhao, Xiaomeng & Dong, Kangyin & Jiang, Qingzhe, 2023. "Assessing the role of green finance in sustainable energy investments by power utilities: Evidence from China," Utilities Policy, Elsevier, vol. 84(C).
    14. Rahmani, Amir & Mashayekh, Javad & Aboojafari, Roohallah & Bonyadi Naeini, Ali, 2023. "Determinants of households' intention for investment in renewable energy projects," Renewable Energy, Elsevier, vol. 205(C), pages 823-837.
    15. Weicheng Xu & Xiaoyi Feng & Yiying Zhu, 2023. "The Impact of Green Finance on Carbon Emissions in China: An Energy Consumption Optimization Perspective," Sustainability, MDPI, vol. 15(13), pages 1-23, July.
    16. Miklesh Yadav & Nandita Mishra & Shruti Ashok, 2023. "Dynamic connectedness of green bond with financial markets of European countries under OECD economies," Economic Change and Restructuring, Springer, vol. 56(1), pages 609-631, February.
    17. Hu, Hui & Qi, Shaozhou & Chen, Yuanzhi, 2023. "Using green technology for a better tomorrow: How enterprises and government utilize the carbon trading system and incentive policies," China Economic Review, Elsevier, vol. 78(C).
    18. Huang, Haiping & Huang, Baolian & Sun, Aijun, 2023. "How do mineral resources influence eco-sustainability in China? Dynamic role of renewable energy and green finance," Resources Policy, Elsevier, vol. 85(PA).
    19. Haibei Chen & Xianglian Zhao, 2023. "Use intention of green financial security intelligence service based on UTAUT," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 10709-10742, October.
    20. Tomiwa Sunday Adebayo & Abraham Ayobamiji Awosusi & Seun Damola Oladipupo & Ephraim Bonah Agyekum & Arunkumar Jayakumar & Nallapaneni Manoj Kumar, 2021. "Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability," IJERPH, MDPI, vol. 18(14), pages 1-20, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:16:y:2023:i:2:p:108-:d:1063945. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.