A comparative and conceptual intellectual study of environmental topic in economic and finance

Meilan Yan, Youwei Li, Athanasios A. Pantelous, Samuel A. Vigne and Dalu Zhang

International Review of Financial Analysis, 2024, vol. 91, issue C

Abstract: 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.

Keywords: Environmental finance (EF); Environmental social and governance (ESG); Financial innovations; Bibliometric analysis; ESG disclosure and investment (search for similar items in EconPapers)
JEL-codes: A10 A12 C88 F64 Q01 Q40 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:91:y:2024:i:c:s1057521923005392

DOI: 10.1016/j.irfa.2023.103023

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