​​​​​​​Sustainable Finance

Closes:
Submissions open 30th January 2023

Studies in Economics and Finance seeks submissions for a special issue on “Sustainable Finance”. The main goal of this special issue is to focus on issues surrounding the theoretical and practical elements of Sustainable Finance and their implications on financial markets and political science. The ultimate objective of Sustainable Finance is to enhance economic and financial performance for consumers, businesses, and society while positively influencing the environment and society. In this regard, the environmental, social, and governance (ESG) considerations have been a critical concern for the financial industry in the current world while making investment and financing decisions, especially in the vision of COP 21 (Batten et al., 2018, Cantele and Zardini, 2018, Drempetic et al., 2020, Rubbaniy et al., 2022). For example, as part of the environmental considerations, it is essential to protect biodiversity, reduce pollution, promote a circular economy, and preserve the climate by boosting renewable energy sources (Calvet et al., 2022, Javadi and Masum, 2021, Ramezani et al., 2022). Adopting these sustainable practices helps businesses succeed in day-to-day operations (Kinateder et al., 2021, Choudhury et al., 2021). Organizations play a crucial role in this situation by directing money toward environmentally friendly enterprises and technology to assist economic development for enduring circular economies (Saha et al., 2019). In this regard, Sustainable Finance has considerably changed through time to the point where it is now seen as a statutory need for sustained growth (Zhang et al., 2021). Although the idea of Sustainable Finance is gaining popularity around the world, some restrictions might prevent this shift. The most crucial one is changing company models to achieve sustainable development. Significant obstacles also exist in quantifying and managing ecological and social risk factors. Numerous financial organizations have decided to become carbon neutral. Finally, one of the critical obstacles to financing green growth is mobilizing sustainable savings.

In particular, we are interested in full-length studies that have not been published or submitted elsewhere. Topics covered include (but are not limited to):

  • The Green Bond market
  • Financial ecosystem for green savings
  • Credit risk management of green financing
  • Impact of environmental regulations on market liquidity
  • Effect of climate change on systemic risk in the financial system
  • Influence of carbon emissions on investment returns
  • Financing sustainable production and consumption
  • ESG factors in a post-COVID world
  • The performance of ESG stock portfolios
  • Fiscal policies to foster the transition to sustainable business models

 

Important Dates and Submission Guidelines:

The submission deadline for all papers is June 30, 2023.

The planed publication date of this special issue is early 2024.

To submit your research, please visit the Scholar One manuscript portal. 

To view the author guidelines for this journal, please visit the journal's page. 

 

Special Issue Guest Editors: 

Dr. Tonmoy Choudhury, Department of Accounting & Finance, KFUPM Business School, King Fahd University of Petroleum and Minerals, KSA. E-mail: [email protected]

Dr. habil. Harald Kinateder, School of Business, Economics and Information Systems, University of Passau, Germany. E-mail: [email protected]

 

References

Batten, J. A., Kinateder, H., Szilagyi, P. G. & Wagner, N. F. 2018. Addressing COP21 using a stock and oil market integration index. Energy Policy 116: 127-136.

Calvet, L., Gianfrate, G. & Uppal, R. 2022. The finance of climate change. Journal of Corporate Finance 73: 102162.

Cantele, S. & Zardini, A. 2018. Is sustainability a competitive advantage for small businesses? An empirical analysis of possible mediators in the sustainability–financial performance relationship. Journal of Cleaner Production 182: 166-176.

Choudhury, T., Kamran, M., Djajadikerta, H. G. & T., S. 2021. Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence. European Journal of Development Research.

Drempetic, S., Klein, C. & Zwergel, B. 2020. The influence of firm size on the ESG score: Corporate sustainability ratings under review. Journal of Business Ethics 167: 333-360.

Javadi, S. & Masum, A.-A. 2021. The impact of climate change on the cost of bank loans. Journal of Corporate Finance 69: 102019.

Kinateder, H., Choudhury, T., Zaman, R., Scagnelli, S. & Sohel, N. 2021. Does boardroom gender diversity decrease credit risk in the financial sector? Worldwide evidence. Journal of International Financial Markets, Institutions and Money 73: 101347.

Ramezani, F., Arjomandi, A. & Harvie, C. 2022. The economic and environmental effects of an optimal emission reduction subsidy policy in the presence of business cycles. Studies in Economics and Finance, ahead-of-print.

Rubbaniy, G., Khalid, A. A., Rizwan, M. F. & Ali, S. 2022. Are ESG stocks safe-haven during COVID-19? Studies in Economics and Finance 39: 239-255.

Saha, A. K., Saha, B., Choudhury, T. & Jie, F. 2019. Quality versus volume of carbon disclosures and carbon reduction targets: Evidence from UK higher education institutions. Pacific Accounting Review 31: 413-437.

Zhang, D., Mohsin, M., Rasheed, A. K., Chang, Y. & Taghizadeh-Hesary, F. 2021. Public spending and green economic growth in BRI region: mediating role of green finance. Energy Policy 153: 112256.