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

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

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.

Citation

Yan, M., Li, Y., Pantelous, A. A., Vigne, S. A., & Zhang, D. (2024). A comparative and conceptual intellectual study of environmental topic in economic and finance. International review of financial analysis, 91, Article 103023. https://doi.org/10.1016/j.irfa.2023.103023

• Journal Article Type: Article
• Acceptance Date: Oct 25, 2023
• Online Publication Date: Oct 28, 2023
• Publication Date: Jan 1, 2024
• Deposit Date: Oct 28, 2023
• Publicly Available Date: Nov 13, 2023
• Journal: International Review of Financial Analysis
• Print ISSN: 1057-5219
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 91
• Article Number: 103023
• DOI: https://doi.org/10.1016/j.irfa.2023.103023
• Keywords: Environmental finance (EF); Environmental social and governance (ESG); Financial innovations; Bibliometric analysis; ESG disclosure and investment
• Public URL: https://hull-repository.worktribe.com/output/4427315