Sustainable Finance Development

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Sustainability and Finance".

Deadline for manuscript submissions: 30 April 2025 | Viewed by 2853

Special Issue Editors


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Guest Editor
Department of Accounting and Information Systems, Indiana University of Pennsylvania, Indiana, PA 15705, USA
Interests: emerging markets; executive compensation; market volatility; information asymmetry; diversification; earnings quality

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Co-Guest Editor
Department of Management Studies, M S Ramaiah Institute of Technology, Bengaluru 560054, India
Interests: behavioral finance; business analytics; sustainable finance and governance

Special Issue Information

Dear Colleagues,

Over the past decade, sustainable finance has emerged as a critical paradigm in the global financial system, intertwining economic growth with environmental stewardship and social responsibility. The increasing frequency and severity of climate-related disasters have underscored the urgent need for financial systems to incorporate sustainability into their core operations. Sustainable finance refers to the process of taking due account of environmental, social, and governance (ESG) considerations when making investment decisions, thereby leading to increased long-term investments in sustainable economic activities and projects. This shift is not merely a trend but rather a fundamental change driven by the recognition that long-term economic stability is inherently linked to the health of our environment and societies.

This Special Issue of JRFM aims to showcase research in sustainable finance development and adoption throughout the financial world. Research papers are welcome to focus on innovative climate risk assessment tools and frameworks, accessibility to financial services, financial policies that promote sustainable practices, the integration of environmental, social, and governance (ESG) criteria into investment decisions, transparent and reliable sustainability reporting, cost benefits of adopting sustainable approaches, and how sustainable finance plays a pivotal role in mobilizing the resources necessary to build resilience against climate risks and support vulnerable communities. We strongly encourage contributions whose findings are backed by solid empirical studies. Any overlap of these topics with any other journal is unintentional.

Prof. Dr. Suneel Maheshwari
Dr. Deepak Raghava Naik
Guest Editors

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Keywords

  • sustainable finance
  • ESG
  • sustainability reporting
  • cost–benefit of sustainable approaches
  • ESG indices
  • sustainable practices
  • investment decision and sustainability

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Published Papers (1 paper)

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Research

25 pages, 2293 KiB  
Article
ESG in Business Research: A Bibliometric Analysis
by Evangelos Chytis, Nikolaos Eriotis and Maria Mitroulia
J. Risk Financial Manag. 2024, 17(10), 460; https://doi.org/10.3390/jrfm17100460 - 10 Oct 2024
Viewed by 1912
Abstract
A company’s “value” is increasingly influenced by three criteria: the way it acts to protect the environment, its attitude towards society and the principles of corporate governance it has adopted. That is the Environmental, Social and Governance (ESG) acronym, and it has substantial [...] Read more.
A company’s “value” is increasingly influenced by three criteria: the way it acts to protect the environment, its attitude towards society and the principles of corporate governance it has adopted. That is the Environmental, Social and Governance (ESG) acronym, and it has substantial impact on company value. To further understand the ESG landscape in business research, this article aims to analyze the existing literature and present the current state of knowledge, main trends, and future perspectives. Through the Scopus database, the authors examine a sample of 1034 articles spanning from 2006 to 2022. VOSviewer and Biblioshiny packages are used for performance analysis and visualization of the publication trends, the conceptual structure of the field and the research collaborations. The results suggest that the publication and citation trends of ESG register an upward trend over time. In terms of research institutions, most of the influential ones emanate from the US, while a significant percentage of articles were published in top-tier financial journals. Science mapping via co-authorship analysis bifurcates the sample into six clusters and reveals the major themes and their evolution. Keyword analysis unfolds emerging trends that could be further explored. Given the breadth of the sustainability field and the ever-changing business environment, this paper is of great practical importance in motivating companies to engage in ESG activities. To the authors’ knowledge, no other study has attempted a comprehensive and detailed BA covering multiple aspects and dimensions of ESG in the corporate research field. The theoretical framework of this paper fills this gap and offers an in-depth synthesis of all published papers, providing invaluable insights to scholars, the business community and regulatory authorities, and creating alternative research paths for aspiring researchers. Full article
(This article belongs to the Special Issue Sustainable Finance Development)
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