A Comparative Intellectual and Conceptual Study of Environmental Topic in Economic and Finance

44 Pages Posted: 2 Dec 2022 Last revised: 31 Jul 2023

See all articles by Meilan Yan

Meilan Yan

Loughborough University

Youwei Li

Hull University Business School

Athanasios A. Pantelous

Monash University - Department of Econometrics & Business Statistics

Samuel Vigne

Trinity College (Dublin) - Trinity Business School

Dalu Zhang

University of Salford - Salford Business School

Date Written: August 14, 2022

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, Environmental Social and Governance, Financial Innovations, Bibliometric Analysis, ESG Disclosure, ESG Investment

JEL Classification: A10, A12, C88, F64, Q01, Q40, Q56

Suggested Citation

Yan, Meilan and Li, Youwei and Pantelous, Athanasios A. and Vigne, Samuel and Zhang, Dalu, A Comparative Intellectual and Conceptual Study of Environmental Topic in Economic and Finance (August 14, 2022). Available at SSRN: https://ssrn.com/abstract=4189912 or http://dx.doi.org/10.2139/ssrn.4189912

Meilan Yan

Loughborough University ( email )

Ashby Road
Nottingham NG1 4BU
Great Britain

Youwei Li (Contact Author)

Hull University Business School ( email )

University of Hull
Hull, HU6 7RX
United Kingdom

Athanasios A. Pantelous

Monash University - Department of Econometrics & Business Statistics ( email )

Wellington Road
Clayton, Victoria 3168
Australia

Samuel Vigne

Trinity College (Dublin) - Trinity Business School ( email )

Aras an Phiarsaigh
College Green
Dublin, Leinster D2
Ireland

Dalu Zhang

University of Salford - Salford Business School ( email )

Salford, Greater Manchester M5 4WT
United Kingdom

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