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The Limits of Green Finance: A Survey of Literature in the Context of Green Bonds and Green Loans

Author

Listed:
  • David Gilchrist

    (UWA Business School, The University of Western Australia, Perth, WA 6009, Australia)

  • Jing Yu

    (Business School, The University of Sydney, Sydney, NSW 2006, Australia)

  • Rui Zhong

    (UWA Business School, The University of Western Australia, Perth, WA 6009, Australia)

Abstract

In response to the rapid development of green finance, this study evaluates a systematic literature survey with a focus on the determinants and the potential benefits of corporate engagement in environmentally responsible practices in the context of green bonds and green loans. We show that research has discovered that environmentally responsible practices not only enhance shareholder value but also the value accrued to nonfinancial stakeholders. Further, we provide an updated overview of research developments in relation to green bonds and syndicated loans. Lastly, we discuss the limitations in the nascent green finance research and propose new lines of research supporting our aim of advancing our knowledge of sustainable investments.

Suggested Citation

  • David Gilchrist & Jing Yu & Rui Zhong, 2021. "The Limits of Green Finance: A Survey of Literature in the Context of Green Bonds and Green Loans," Sustainability, MDPI, vol. 13(2), pages 1-12, January.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:2:p:478-:d:475931
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