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Green finance: a bibliometric analysis of current research status, development and future directions

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  • Shikha Bhatia
  • Nidhi Singh
  • Sushma Vishnani

Abstract

The present study identifies the current research trends, gaps in the field of green finance and suggests future research scope on the subject. We used bibliometric analysis on the sample of 846 documents collected from the Scopus database. The study used all the documents developed between the years 1997 and 2021 for the scientific analysis of literature on green finance. We identified the most influencing articles based on their citations, co-citations networks, the importance of their publications, locations, sources within the network. The present study also discusses the current research themes, existing research gaps and identifies future research themes by using factorial analysis in biblioshiny software. The review of existing literature suggests that although research activities on green finance happened worldwide, more collaborative research work is required on multi-cultural contexts, comparative studies between developed and developing economies, risk assessment criteria', business performance indicators, etc. Other future research themes identified in the study include the need for the conceptual framework to assess various aspects of green finance, impact on stakeholders' outcomes, and value enhancements. The current study provides future research directions based on in-depth literature review and themes derived from the cluster analysis.

Suggested Citation

  • Shikha Bhatia & Nidhi Singh & Sushma Vishnani, 2024. "Green finance: a bibliometric analysis of current research status, development and future directions," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 30(3), pages 283-310.
    • Handle: RePEc:ids:gbusec:v:30:y:2024:i:3:p:283-310
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