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Towards an Understanding of Project Finance in the Mining Sector in the Sustainability Context: A Scientometric Analysis

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  • Juan David González-Ruiz

    (Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia, Sede Medellín, 050034 Medellín, Colombia)

  • Juan Camilo Mejia-Escobar

    (Departamento Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia, Sede Medellín, 050034 Medellín, Colombia)

  • Giovanni Franco-Sepúlveda

    (Departamento de Materiales y Minerales, Facultad de Minas, Universidad Nacional de Colombia, Sede Medellín, 050034 Medellín, Colombia)

Abstract

The purpose of this study is to analyze the extant literature on Project Finance (PF) with a comprehensive understanding of the status quo and research trends in the mining industry. Thus, this study utilizes a scientometric review of global trends and structure of PF and mining research from 1977 to 2020 using techniques such as co-author, co-word, co-citation, and cluster analyses. A total of 80 bibliographic records from the Scopus database were analyzed to generate the study’s research through scientometric networks. The findings indicate a steady growth of the research field, which includes Environmental, Social, and Governance criteria. The most significant contributions have originated mainly from the United States, Australia, the United Kingdom, and South Africa. The main research trends identified several issues related to risk, management, and financing concerns. This study provides researchers and practitioners with a comprehensive understanding of the status quo and research trends of ontology research within PF in the mining context and promotes further studies in this domain.

Suggested Citation

  • Juan David González-Ruiz & Juan Camilo Mejia-Escobar & Giovanni Franco-Sepúlveda, 2021. "Towards an Understanding of Project Finance in the Mining Sector in the Sustainability Context: A Scientometric Analysis," Sustainability, MDPI, vol. 13(18), pages 1-27, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:18:p:10317-:d:636158
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    References listed on IDEAS

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    1. Anne Strand Alfredsen Larsen & Gro Holst Volden & Bjørn Andersen, 2021. "Project Governance in State-Owned Enterprises: The Case of Major Public Projects’ Governance Arrangements and Quality Assurance Schemes," Administrative Sciences, MDPI, vol. 11(3), pages 1-27, July.
    2. Rashid Menhas & Shahid Mahmood & Papel Tanchangya & Muhammad Nabeel Safdar & Safdar Hussain, 2019. "Sustainable Development under Belt and Road Initiative: A Case Study of China-Pakistan Economic Corridor’s Socio-Economic Impact on Pakistan," Sustainability, MDPI, vol. 11(21), pages 1-24, November.
    3. João Pinto, 2014. "What is Project Finance?," Working Papers de Economia (Economics Working Papers) 01, Católica Porto Business School, Universidade Católica Portuguesa.
    4. Benjamin C. Esty, 2004. "Why Study Large Projects? An Introduction to Research on Project Finance," European Financial Management, European Financial Management Association, vol. 10(2), pages 213-224, June.
    5. Kumari, Anita & Kumar Sharma, Anil, 2017. "Infrastructure financing and development: A bibliometric review," International Journal of Critical Infrastructure Protection, Elsevier, vol. 16(C), pages 49-65.
    6. Mora, Esteve Borràs & Spelling, James & van der Weijde, Adriaan H. & Pavageau, Ellen-Mary, 2019. "The effects of mean wind speed uncertainty on project finance debt sizing for offshore wind farms," Applied Energy, Elsevier, vol. 252(C), pages 1-1.
    7. Emanuele Rossi & Rok Stepic, 2015. "Infrastructure Project Finance and Project Bonds in Europe," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-52404-1.
    8. Byoun, Soku & Kim, Jaemin & Yoo, Sean Sehyun, 2013. "Risk Management with Leverage: Evidence from Project Finance," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(2), pages 549-577, April.
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    Cited by:

    1. Ana Gabriela Ramirez & Julián Monsalve & Juan David González-Ruiz & Paula Almonacid & Alejandro Peña, 2022. "Relationship between the Cost of Capital and Environmental, Social, and Governance Scores: Evidence from Latin America," Sustainability, MDPI, vol. 14(9), pages 1-15, April.
    2. Nini Johana Marín-Rodríguez & Juan David González-Ruiz & Alejandro Valencia-Arias, 2023. "Incorporating Green Bonds into Portfolio Investments: Recent Trends and Further Research," Sustainability, MDPI, vol. 15(20), pages 1-32, October.

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