Prior review studies on sustainable finance research
| Author | Title | Objective | Methodology | Year range | Finding |
|---|---|---|---|---|---|
| Cunha et al. (2021) | Sustainable finance and investment: Review and research agenda | To map sustainable finance and investment area with upcoming research avenues | Systematic literature review | 1952–2020 | The study suggested a framework of strategies for sustainable finance and investments. It also suggested various research questions and its approaches |
| Luo et al. (2022) | Global Evolution of Research on Sustainable Finance from 2000 to 2021: A Bibliometric Analysis on WoS Database | To analyse the evolution and development trend of sustainable finance | Bibliometric analysis | 2000–2021 | Sustainable finance research has primarily addressed socially responsible investment, climate change, and green finance. From 2016 to 2021, focus shifted toward green bonds, low-carbon transition and COVID-19 impacts. Recently, green bonds, ESG funds, and pandemic effects have emerged as key areas likely to shape future research |
| Naeem et al. (2022) | Current state and future directions of green and sustainable finance: a bibliometric analysis | This study aims to provide a comprehensive analysis on the current state and future directions of green and sustainable finance through bibliometric analysis | Bibliometric analysis | 1990 to 2021 | The finding suggested that there are three key areas of green and sustainable finance namely; socially responsible investments, green finance and climate finance |
| Kumar et al. (2022) | Past, Present, and Future of Sustainable Finance: Insights from Big Data Analytics through Machine Learning of Scholarly Research | To provide a wide spectrum review of sustainable finance and map its evolution | Bibliometric analysis | 1986–2020 | Despite the potential, there is limited research on the application of advanced technological solutions to enhance sustainable finance practices seven core themes dominate the literature, including socially responsible investing, climate and green financing, impact investing, carbon and energy financing and governance. |
| Tao et al. (2022) | Environmental Finance: An Interdisciplinary Review | To provide systematic review of papers in environmental finance from financial perspective | Bibliometric analysis | 1971–2020 | Suggested climate finance, sustainable finance, impact of non-financial disclosures on firm value, climate risk and green bonds as future research topics |
| Ren et al. (2023) | Sustainable finance and blockchain: A systematic review and research agenda | To perform a systematic analysis of blockchain in renewable sustainable finance | Bibliometric analysis | 2008–2022 | Aspects related to sustainable financial application development based on block chain and other technological advancements, new social issues in terms of financial threats and listed risks posed by AI and cryptocurrency |
| Poyser and Daugaard (2023) | Indigenous sustainable finance as a research field: A systematic literature review on indigenising ESG, sustainability and indigenous community practices | Systematic review of nexus between sustainable investments and indigenous approaches to sustainability | Systematic literature review | 1994–2022 | Focus on indigenous sustainable investing in mainstream sustainable investing, to study change in diverse set of drivers of socio-economic development; economic and social integration, significance of land rights and indigenous culture and proprietorship |
| Singhania et al. (2023) | Sustainable finance research: Review and agenda | To explore the influential themes and the future research streams to further explore sustainable finance literature | Bibliometric analysis and systematic literature review | 1984–2021 | Potential avenues for future research include examining carbon trading mechanisms, enhancing financial inclusion, ensuring transparent reporting in sustainable finance to mitigate greenwashing, assessing the influence of climate change and climate finance, exploring the role of green bonds in funding sustainability efforts and investigating how technologies such as blockchain and artificial intelligence intersect with sustainable finance |
| Joshipura et al. (2024) | Sustainable investing and financing for sustainable development: A hybrid review | Provide a comprehensive understanding of the field of sustainable investing and financing | Bibliometric analysis and Systematic review (TCCM) | 2012–2022 (half) | This study highlights the growing complexity of the field and emphasises the need to better understand the links between economic, social and environmental goals, while also identifying impact investing and SDG financing as key areas for future research |
| Author | Title | Objective | Methodology | Year range | Finding |
|---|---|---|---|---|---|
| Sustainable finance and investment: Review and research agenda | To map sustainable finance and investment area with upcoming research avenues | Systematic literature review | 1952–2020 | The study suggested a framework of strategies for sustainable finance and investments. It also suggested various research questions and its approaches | |
| Global Evolution of Research on Sustainable Finance from 2000 to 2021: A Bibliometric Analysis on WoS Database | To analyse the evolution and development trend of sustainable finance | Bibliometric analysis | 2000–2021 | Sustainable finance research has primarily addressed socially responsible investment, climate change, and green finance. From 2016 to 2021, focus shifted toward green bonds, low-carbon transition and COVID-19 impacts. Recently, green bonds, ESG funds, and pandemic effects have emerged as key areas likely to shape future research | |
| Current state and future directions of green and sustainable finance: a bibliometric analysis | This study aims to provide a comprehensive analysis on the current state and future directions of green and sustainable finance through bibliometric analysis | Bibliometric analysis | 1990 to 2021 | The finding suggested that there are three key areas of green and sustainable finance namely; socially responsible investments, green finance and climate finance | |
| Past, Present, and Future of Sustainable Finance: Insights from Big Data Analytics through Machine Learning of Scholarly Research | To provide a wide spectrum review of sustainable finance and map its evolution | Bibliometric analysis | 1986–2020 | Despite the potential, there is limited research on the application of advanced technological solutions to enhance sustainable finance practices seven core themes dominate the literature, including socially responsible investing, climate and green financing, impact investing, carbon and energy financing and governance. | |
| Environmental Finance: An Interdisciplinary Review | To provide systematic review of papers in environmental finance from financial perspective | Bibliometric analysis | 1971–2020 | Suggested climate finance, sustainable finance, impact of non-financial disclosures on firm value, climate risk and green bonds as future research topics | |
| Sustainable finance and blockchain: A systematic review and research agenda | To perform a systematic analysis of blockchain in renewable sustainable finance | Bibliometric analysis | 2008–2022 | Aspects related to sustainable financial application development based on block chain and other technological advancements, new social issues in terms of financial threats and listed risks posed by AI and cryptocurrency | |
| Indigenous sustainable finance as a research field: A systematic literature review on indigenising ESG, sustainability and indigenous community practices | Systematic review of nexus between sustainable investments and indigenous approaches to sustainability | Systematic literature review | 1994–2022 | Focus on indigenous sustainable investing in mainstream sustainable investing, to study change in diverse set of drivers of socio-economic development; economic and social integration, significance of land rights and indigenous culture and proprietorship | |
| Sustainable finance research: Review and agenda | To explore the influential themes and the future research streams to further explore sustainable finance literature | Bibliometric analysis and systematic literature review | 1984–2021 | Potential avenues for future research include examining carbon trading mechanisms, enhancing financial inclusion, ensuring transparent reporting in sustainable finance to mitigate greenwashing, assessing the influence of climate change and climate finance, exploring the role of green bonds in funding sustainability efforts and investigating how technologies such as blockchain and artificial intelligence intersect with sustainable finance | |
| Sustainable investing and financing for sustainable development: A hybrid review | Provide a comprehensive understanding of the field of sustainable investing and financing | Bibliometric analysis and Systematic review (TCCM) | 2012–2022 (half) | This study highlights the growing complexity of the field and emphasises the need to better understand the links between economic, social and environmental goals, while also identifying impact investing and SDG financing as key areas for future research |
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