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

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

Research output: Contribution to journalArticlepeer-review

14 Citations (Scopus)

Abstract

Purpose: Growing attention of policymakers, governments and regulation authorities towards climate change and global warming has spurred the extensive need to carefully examine the current practices of green and sustainable finance. This study aims to provide a comprehensive analysis on the current state and future directions of green and sustainable finance through bibliometric analysis. Design/methodology/approach: For extensive bibliometric analysis, the study comprises 1,413 documents published in peer-reviewed journals indexed in the SCOPUS database for the period ranging from 1990 to 2021. Findings: The authors find that there are mainly three key areas of green and sustainable finance, which are largely addressed by the scholars following the given time. The key areas include socially responsible investments, green finance and climate finance that are in line with the previous studies and existing trends and practices prevailing in the business and corporate world. Practical implications: The findings are important for policymakers, regulatory bodies, upcoming scholars, environmentalists and investors as findings of the study provide an effective framework for adopting sustainable strategies, to trade-off between profits and environmental hazards and to generate value from the green avenues of research and practice. Originality/value: The study offers novel contributions to the existing literature in terms of comprehensively providing evidence of the current practices of green and sustainable finance. Meanwhile, significant implications for the prospective audience further refine the contribution of research.

Original languageEnglish
Pages (from-to)608-629
Number of pages22
JournalQualitative Research in Financial Markets
Volume15
Issue number4
DOIs
Publication statusPublished - Jul 18 2023
Externally publishedYes

Keywords

  • Bibliometric analysis
  • Climate finance
  • Green finance
  • Socially responsible investments
  • Sustainable finance

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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