ItemReview

Can financial markets help attain carbon goals? Evidence from systematic literature review, bibliometric analysis and topic modelling

Title
Can financial markets help attain carbon goals? Evidence from systematic literature review, bibliometric analysis and topic modelling
Creator
Dawar G.; Nagariya R.; Bhatia S.; Dhingra D.; Agrawal M.; Dhaundiyal P.
Description
Purpose: This paper presents a conceptual framework based on an extensive literature review. The aim of this study is to deepen understanding of the relationship between carbon performance and the financial market by applying qualitative research approaches. Design/methodology/approach: The investigation has identified 372 articles sourced from Scopus databases, subjecting the bibliographic data to a comprehensive qualitativequantitative analysis. The research uses established protocols for a structured literature review, adhering to PRISMA guidelines, machine learning-based structural topic modelling using Python and bibliometric citation analysis. Findings: The results identified the leading academic authors, institutions and countries concerning carbon performance and financial markets literature. Quantitative studies dominate this research theme. The study has identified six knowledge clusters using topic modelling related to environmental reporting; price drivers of carbon markets; environmental policy and capital markets; financial development and carbon emissions; carbon risk and financial markets; and environmental performance and firm value. The results of the study also present the opportunities associated with carbon performance and the financial market and propose future research agendas on research through theory, characteristics, context and methodology. Practical implications: The results of the study offer insights to practitioners, researchers and academicians regarding scientific development, intricate relationships and the complexities involved in the intersection of carbon performance and financial markets. For policymakers, a better understanding of carbon performance and financial markets will contribute to designing policies to set up priorities for countering carbon emissions. Social implications: The study highlights the critical areas that require attention to limit greenhouse gas emissions and promote decarbonisation effectively. Policymakers can leverage these insights to develop targeted and evidence-based policies that facilitate the transition to a more sustainable and low-carbon economy. Originality/value: The study initially attempts to discuss the research stream on carbon performance and financial markets literature from a systematic literature review. 2024, Emerald Publishing Limited.
Source
Sustainability Accounting, Management and Policy Journal
Date
2024-01-01
Publisher
Emerald Publishing
Subject
Bibliometric analysis; Carbon emission; Carbon performance; Finance; Financial market; PRISMA; Systematic literature review; Topic modelling
Coverage
Dawar G., School of Business and Management, Christ University, Bengaluru, India, Apeejay School of Management, Delhi, India; Nagariya R., School of Business and Management, Christ University, Bengaluru, India; Bhatia S., Department of Humanities, Delhi Technological University, Delhi, India; Dhingra D., Department of Management, Bennett University, Greater Noida, India, School of Management, BML Munjal University, Gurugram, India; Agrawal M., Jaipuria Institute of Management, Indore Campus, Indore, India; Dhaundiyal P., School of Business and Management, Christ University, Bengaluru, India
Rights
Restricted Access
Relation
ISSN: 20408021
Format
Online
Language
English
Type
Review

Collection

Reviews

Citation

Dawar G.; Nagariya R.; Bhatia S.; Dhingra D.; Agrawal M.; Dhaundiyal P., “Can financial markets help attain carbon goals? Evidence from systematic literature review, bibliometric analysis and topic modelling,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 24, 2025, https://archives.christuniversity.in/items/show/21342.

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