Green Finance in Banking Industry: A Systematic Literature Review Using Bibliometric Analysis

DOI

10.2991/978-94-6463-348-1_18How to use a DOI?

Keywords

Green finance; Sustainable finance; environmental finance; climate finance

Abstract

Every area of the global economy faces several environmental problems and their consequences on day-to-day operations. Due to the growing threat of global climate change, the concept of green finance receives increasing attention in recent economic literature. Our research indicates that green securities, green investments, low carbon finance, green insurance, green credit and green infrastructure bonds,… Are the topics of existing studies on green finance illustrating positive developments in the banking background. Bibliometric Analysis is used to identify and analyze large volumes of scientific data and date is taken from the Web of Science. Research result shows that green finance in the future will be one of the crucial keys for the development of the banking industry. The result of this study will support banks that are looking to move towards an environmentally friendly direction on key issues to consider in the adoption and development of green finance.

Research purpose:

By analyzing the main aspects of the research articles using keywords “green finance” and “banking”, our bibliometric analysis proposes on pointing out the development trends of green finance in the banking industry in the recent period, creating a basis for predicting future development trends of green finance, especially in the banking field.

Research motivation:

In recent years, the number of research on green finance has increased a lot, especially in 2021. Digital finance, renewable energy sources, technological innovation…is one of the emerging trends, they include the tools to support green finance and the most useful measures to connect finance and the environment. In addition, there are research papers about the relationship of banking field and green finance and how it affects the environment, with the aim of finding parallel directions between environmental protection combined with promoting development of the banking field as well as the finance field sustainable while saving cost, time and human resources. Therefore, that is the driving force that motivated us using the bibliometric method to analyze and research trends about green finance, especially in the banking sector.

Research design, approach, and method:

In our study, we extracted data from Web of Science (WoS) database on March 17 2023. We filtered keywords for the research options: “green finance” and “banking” or “green finance banking” in the title, abstract, keywords and author’s keywords. We use the function Biblioshiny with R and VOSviewer for analyzing data.

Main findings:

Our research also shows that investment and development in some aspects such as green bonds or low-carbon economy,… Could be one of the sustainable and effective economic trends in the future. In the era of increasing concerns about climate change, green finance tends to be environmentally friendly but still brings a lot of value to investors and companies. In addition, our research also predicts that in the future green finance will play a key role in redirecting industries that are harmful to the environment and will also have a great impact on business management and development of the banking industry. Therefore, green finance needs extensive support and investment policies from companies, investors as well as the government.

Practical/managerial implications:

The bibliographic analysis in this study provides guidance for practitioners in the multifaceted research topic. This study opens up many research topics for those who want to pursue and contribute to sustainable economic development strategies. These documents in our study serve as a foundation for those interested to get the most complete, basic understanding for further in-depth research. Besides that, we also provide a certain understanding so that researchers can outline the direction and strategy of banking development along with green finance.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yen Hai Hoang
AU  - Lê Ngọc Kim Cương
AU  - Nguyễn Thị Thanh Hà
AU  - Lê Phan Kỳ Thư
AU  - Vương Anh Thư
AU  - Lê Kim Yến
PY  - 2024
DA  - 2024/02/05
TI  - Green Finance in Banking Industry: A Systematic Literature Review Using Bibliometric Analysis
BT  - Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023)
PB  - Atlantis Press
SP  - 206
EP  - 223
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-348-1_18
DO  - 10.2991/978-94-6463-348-1_18
ID  - Hoang2024
ER  -