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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
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    References listed on IDEAS

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    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, April.
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    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. 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).
    6. 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.
    7. 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).

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