Mapping the Intellectual Landscape of Sustainable Finance: A Bibliometric Analysis
DOI:
https://doi.org/10.71238/sneb.v2i01.60Keywords:
Sustainable Finance, Green Finance, Bibliometric analysis, VOSviewerAbstract
This study presents a comprehensive bibliometric analysis of the evolving field of sustainable finance, aiming to map its intellectual structure, thematic trends, and collaborative networks. Drawing on a dataset of scholarly publications indexed in the Scopus database from 2000 to 2024, the study employs VOSviewer to conduct co-authorship, country collaboration, keyword co-occurrence, temporal overlay, and density visualizations. The analysis identifies "sustainable development" as the central thematic node, with closely associated topics including green finance, ESG investment, economic development, and innovation. Emerging areas such as decentralized finance, financial inclusion, and green development highlight a shift toward technology-enabled and socially inclusive financial paradigms. Author and country networks reveal regional clustering, particularly in China, the United States, and Western Europe, while also indicating limited cross-regional integration. Temporal analysis shows a clear evolution from traditional finance-based approaches to broader interdisciplinary concerns. These findings provide valuable insights into the structure and trajectory of sustainable finance research and underscore the need for expanded collaboration, thematic diversification, and integration of perspectives from the Global South. The study contributes to a more strategic and inclusive understanding of how finance can be leveraged to achieve global sustainability goals.
Downloads
References
G. Ferri dan B. A. Acosta, “Sustainable finance for sustainable development,” Cent. Relatsh. Bank. Econ. Work. Pap. Ser., vol. 30, 2019.
M. T. Musakwa dan N. M. Odhiambo, “Remittance inflows and poverty nexus in Botswana: A multivariate approach,” J. Sustain. Financ. Invest., vol. 12, no. 2, hal. 475–489, 2022.
L. Nugroho, A. Badawi, dan N. Hidayah, “Discourses of sustainable finance implementation in Islamic bank (Cases studies in Bank Mandiri Syariah 2018),” Int. J. Financ. Res., vol. 10, no. 6, hal. 108–117, 2019.
M. Piratti dan V. Cattelan, “Islamic green finance: A new path to environmental protection and sustainable development,” in Islamic social finance, Routledge, 2018, hal. 144–172.
I. Akomea-Frimpong, D. Adeabah, D. Ofosu, dan E. J. Tenakwah, “A review of studies on green finance of banks, research gaps and future directions,” J. Sustain. Financ. Invest., vol. 12, no. 4, hal. 1241–1264, 2022.
N. Donthu, S. Kumar, D. Mukherjee, N. Pandey, dan W. M. Lim, “How to conduct a bibliometric analysis: An overview and guidelines,” J. Bus. Res., vol. 133, hal. 285–296, 2021.
B. Cheng, I. Ioannou, dan G. Serafeim, “Corporate social responsibility and access to finance,” Strateg. Manag. J., vol. 35, no. 1, hal. 1–23, 2014.
B. L. Parmar, R. E. Freeman, J. S. Harrison, A. C. Wicks, L. Purnell, dan S. De Colle, “Stakeholder theory: The state of the art,” Acad. Manag. Ann., vol. 4, no. 1, hal. 403–445, 2010.
J. Lubchenco, “Entering the century of the environment: a new social contract for science,” Science (80-. )., vol. 279, no. 5350, hal. 491–497, 1998.
C. Flammer, “Corporate green bonds,” J. financ. econ., vol. 142, no. 2, hal. 499–516, 2021.
R. Gray, “Is accounting for sustainability actually accounting for sustainability… and how would we know? An exploration of narratives of organisations and the planet,” Accounting, Organ. Soc., vol. 35, no. 1, hal. 47–62, 2010.
L. Edvinsson, “Developing intellectual capital at Skandia,” Long Range Plann., 1997.
K. Karra, C. Kontgis, Z. Statman-Weil, J. C. Mazzariello, M. Mathis, dan S. P. Brumby, “Global land use/land cover with Sentinel 2 and deep learning,” in 2021 IEEE international geoscience and remote sensing symposium IGARSS, IEEE, 2021, hal. 4704–4707.
S. Drempetic, C. Klein, dan B. Zwergel, “The influence of firm size on the ESG score: Corporate sustainability ratings under review,” J. Bus. ethics, vol. 167, no. 2, hal. 333–360, 2020.
N. Ortiz‐de‐Mandojana dan P. Bansal, “The long‐term benefits of organizational resilience through sustainable business practices,” Strateg. Manag. J., vol. 37, no. 8, hal. 1615–1631, 2016.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Loso Judijanto (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Facebook 
Instagram 
Twitter 
Youtube 
+62 822 2101 3235
northpressmail@gmail.com