IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v29y2019icp425-430.html
   My bibliography  Save this article

A bibliometric analysis on green finance: Current status, development, and future directions

Author

Listed:
  • Zhang, Dayong
  • Zhang, Zhiwei
  • Managi, Shunsuke

Abstract

With growing global actions toward climate changes, green finance receives large attention in recent literature. It is though conceptually unclear, with no consensus achieved on its definition among researchers. This paper provides a brief review of the recent advances in green finance research. It uses a bibliometric analysis approach to summarize the status quo and development trends of green finance. We assist establishing a solid conceptual base and guidance to future research directions.

Suggested Citation

  • Zhang, Dayong & Zhang, Zhiwei & Managi, Shunsuke, 2019. "A bibliometric analysis on green finance: Current status, development, and future directions," Finance Research Letters, Elsevier, vol. 29(C), pages 425-430.
  • Handle: RePEc:eee:finlet:v:29:y:2019:i:c:p:425-430
    DOI: 10.1016/j.frl.2019.02.003
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612319300765
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.frl.2019.02.003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Heinkel, Robert & Kraus, Alan & Zechner, Josef, 2001. "The Effect of Green Investment on Corporate Behavior," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 36(4), pages 431-449, December.
    2. Chaomei Chen, 2006. "CiteSpace II: Detecting and visualizing emerging trends and transient patterns in scientific literature," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 57(3), pages 359-377, February.
    3. Ji, Qiang & Zhang, Dayong, 2019. "How much does financial development contribute to renewable energy growth and upgrading of energy structure in China?," Energy Policy, Elsevier, vol. 128(C), pages 114-124.
    4. Ivan Diaz-Rainey & Becky Robertson & Charlie Wilson, 2017. "Stranded research? Leading finance journals are silent on climate change," Climatic Change, Springer, vol. 143(1), pages 243-260, July.
    5. Costantini, Valeria & Sforna, Giorgia & Zoli, Mariangela, 2016. "Interpreting bargaining strategies of developing countries in climate negotiations. A quantitative approach," Ecological Economics, Elsevier, vol. 121(C), pages 128-139.
    6. Turner, Adair, 2012. "Credit creation and social optimality," International Review of Financial Analysis, Elsevier, vol. 25(C), pages 142-153.
    7. Febi, Wulandari & Schäfer, Dorothea & Stephan, Andreas & Sun, Chen, 2018. "The impact of liquidity risk on the yield spread of green bonds," Finance Research Letters, Elsevier, vol. 27(C), pages 53-59.
    8. Bredin, Don & Hyde, Stuart & Muckley, Cal, 2014. "A microstructure analysis of the carbon finance market," International Review of Financial Analysis, Elsevier, vol. 34(C), pages 222-234.
    9. Ling-Yun He & Li Liu, 2018. "Stand by or Follow? Responsibility Diffusion Effects and Green Credit," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(8), pages 1740-1760, June.
    10. Serdar Celik & Ayla Ogus Binatli, 2018. "Energy Savings and Economic Impact of Green Roofs: A Pilot Study," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(8), pages 1778-1792, June.
    11. Dayong Zhang, 2018. "Energy Finance: Background, Concept, and Recent Developments," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(8), pages 1687-1692, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roy Kouwenberg & Chenglong Zheng, 2023. "A Review of the Global Climate Finance Literature," Sustainability, MDPI, vol. 15(2), pages 1-32, January.
    2. Truzaar Dordi & Olaf Weber, 2019. "The Impact of Divestment Announcements on the Share Price of Fossil Fuel Stocks," Sustainability, MDPI, vol. 11(11), pages 1-20, June.
    3. Adekoya, Oluwasegun B. & Oliyide, Johnson A., 2021. "How COVID-19 drives connectedness among commodity and financial markets: Evidence from TVP-VAR and causality-in-quantiles techniques," Resources Policy, Elsevier, vol. 70(C).
    4. Zerbib, Olivier David, 2019. "The effect of pro-environmental preferences on bond prices: Evidence from green bonds," Journal of Banking & Finance, Elsevier, vol. 98(C), pages 39-60.
    5. Ji, Qiang & Li, Jianping & Sun, Xiaolei, 2019. "Measuring the interdependence between investor sentiment and crude oil returns: New evidence from the CFTC's disaggregated reports," Finance Research Letters, Elsevier, vol. 30(C), pages 420-425.
    6. Yang, Yuxue & Su, Xiang & Yao, Shuangliang, 2021. "Nexus between green finance, fintech, and high-quality economic development: Empirical evidence from China," Resources Policy, Elsevier, vol. 74(C).
    7. Jiongye Jin & Jianing Zhang, 2023. "The Stock Performance of Green Bond Issuers During COVID-19 Pandemic: The Case of China," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 30(1), pages 211-230, March.
    8. Gregor Dorfleitner & Sebastian Utz & Rongxin Zhang, 2022. "The pricing of green bonds: external reviews and the shades of green," Review of Managerial Science, Springer, vol. 16(3), pages 797-834, April.
    9. Edith Ginglinger, 2020. "Climate risk and finance," Post-Print halshs-02975207, HAL.
    10. Marzhan Beisenbina & Laura Fabregat‐Aibar & Maria‐Glòria Barberà‐Mariné & Maria‐Teresa Sorrosal‐Forradellas, 2023. "The burgeoning field of sustainable investment: Past, present and future," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 649-667, April.
    11. Su, Tong & Lin, Boqiang, 2022. "The liquidity impact of Chinese green bonds spreads," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 318-334.
    12. Wu, Fei & Zhang, Dayong & Ji, Qiang, 2021. "Systemic risk and financial contagion across top global energy companies," Energy Economics, Elsevier, vol. 97(C).
    13. Sangiorgi, Ivan & Schopohl, Lisa, 2021. "Why do institutional investors buy green bonds: Evidence from a survey of European asset managers," International Review of Financial Analysis, Elsevier, vol. 75(C).
    14. Ma, Yan-Ran & Zhang, Dayong & Ji, Qiang & Pan, Jiaofeng, 2019. "Spillovers between oil and stock returns in the US energy sector: Does idiosyncratic information matter?," Energy Economics, Elsevier, vol. 81(C), pages 536-544.
    15. Vilija Aleknevičien&# & Asta Bendoraityt&#, 2023. "Role of Green Finance in Greening the Economy: Conceptual Approach," Central European Business Review, Prague University of Economics and Business, vol. 2023(2), pages 105-130.
    16. Cao, Hong & Guo, Litian & Zhang, Lin, 2020. "Does oil price uncertainty affect renewable energy firms’ investment? Evidence from listed firms in China," Finance Research Letters, Elsevier, vol. 33(C).
    17. Hrosul, Viktoriia & Kruhlova, Olena & Kolesnyk, Alina, 2023. "Digitalization of the agricultural sector: the impact of ICT on the development of enterprises in Ukraine," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 9(4), December.
    18. Gaviria-Marin, Magaly & Merigó, José M. & Baier-Fuentes, Hugo, 2019. "Knowledge management: A global examination based on bibliometric analysis," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 194-220.
    19. Petersen, Alexander M. & Rotolo, Daniele & Leydesdorff, Loet, 2016. "A triple helix model of medical innovation: Supply, demand, and technological capabilities in terms of Medical Subject Headings," Research Policy, Elsevier, vol. 45(3), pages 666-681.
    20. Hailiang Li & M. James C. Crabbe & Haikui Chen, 2020. "History and Trends in Ecological Stoichiometry Research from 1992 to 2019: A Scientometric Analysis," Sustainability, MDPI, vol. 12(21), pages 1-21, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:29:y:2019:i:c:p:425-430. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.