TY - JOUR
T1 - A comparative and conceptual intellectual study of environmental topic in economic and finance
AU - Yan, Meilan
AU - Li, Youwei
AU - Pantelous, Athanasios A.
AU - Vigne, Samuel A.
AU - Zhang, Dalu
N1 - Publisher Copyright:
© 2023 The Authors
PY - 2024/1
Y1 - 2024/1
N2 - We aim to provide a comprehensive overview of the past, present, and future development of environmental related topics in Economics and Finance. In this regard, Environmental Finance (EF)- and Environmental, Social, and Governance (ESG)-related literature is collected and analysed. The paper draws chronical pictures of the topic development in these two recently developed fields by applying bibliometric methods. Then, we provide a novel systemic comparison on their main differences. Reviewing the top journal publications, we identify literature gaps for a future research agenda. In particular, on the one hand, for EF, we suggest exploring various financial innovations to generate environmental benefits research, and thus building up efficient regulatory framework for addressing major regional and/or global environmental issues. On the other hand, for ESG, we respectively provide potential research directions to conduct the cost-benefit study on the real impact of ESG disclosure and to evaluate how ESG investment strategy efficiently deliver sustainable development.
AB - We aim to provide a comprehensive overview of the past, present, and future development of environmental related topics in Economics and Finance. In this regard, Environmental Finance (EF)- and Environmental, Social, and Governance (ESG)-related literature is collected and analysed. The paper draws chronical pictures of the topic development in these two recently developed fields by applying bibliometric methods. Then, we provide a novel systemic comparison on their main differences. Reviewing the top journal publications, we identify literature gaps for a future research agenda. In particular, on the one hand, for EF, we suggest exploring various financial innovations to generate environmental benefits research, and thus building up efficient regulatory framework for addressing major regional and/or global environmental issues. On the other hand, for ESG, we respectively provide potential research directions to conduct the cost-benefit study on the real impact of ESG disclosure and to evaluate how ESG investment strategy efficiently deliver sustainable development.
KW - Bibliometric analysis
KW - Environmental finance (EF)
KW - Environmental social and governance (ESG)
KW - ESG disclosure and investment
KW - Financial innovations
UR - http://www.scopus.com/inward/record.url?scp=85176215718&partnerID=8YFLogxK
U2 - 10.1016/j.irfa.2023.103023
DO - 10.1016/j.irfa.2023.103023
M3 - Article
AN - SCOPUS:85176215718
SN - 1057-5219
VL - 91
JO - International Review of Financial Analysis
JF - International Review of Financial Analysis
M1 - 103023
ER -
