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

43 Pages Posted: 29 Jun 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 A. Vigne

Luiss Guido Carli University - Luiss Business School

Dalu Zhang

affiliation not provided to SSRN

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, ESG, Bibliometric analysis, ESG disclosure and investment

Suggested Citation

Yan, Meilan and Li, Youwei and Pantelous, Athanasios A. and Vigne, Samuel A. and Zhang, Dalu, A Comparative Intellectual and Conceptual Study of Environmental Topic in Economic and Finance. Available at SSRN: https://ssrn.com/abstract=4495430 or http://dx.doi.org/10.2139/ssrn.4495430

Meilan Yan (Contact Author)

Loughborough University ( email )

Ashby Road
Nottingham NG1 4BU
Great Britain

Youwei Li

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 A. Vigne

Luiss Guido Carli University - Luiss Business School ( email )

Via Nomentana, 216
Roma, 00162
Italy

Dalu Zhang

affiliation not provided to SSRN ( email )

No Address Available

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