Challenges and Trends in Sustainable Corporate Finance: A Bibliometric Systematic Review

Bui, Tat‐Dat; Ali, Mohd Helmi; Tsai, Feng Ming; Iranmanesh, Mohammad; Tseng, Ming‐Lang; Lim, Ming K.

doi:10.3390/jrfm13110264

Cited by 41 publications

(42 citation statements)

References 175 publications

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“…Our results also indicated that US is the most productive country in the domain of financial risk and similar results are obtained by Chun-Hao et al (2012). A similar kind of result is also obtained by Bui et al (2020) while conducting bibliometric analysis for sustainable finance. Journal of banking and finance is having the highest h-index and g-index as per our results and similar result were obtained by Chun-Hao et al (2012).…”

Section: Final Discussion and Conclusionsupporting

confidence: 87%

Recent trends in business financial risk – A bibliometric analysis

Syed

Bawazir

2021

Cogent Economics & Finance

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The finance literature is giving more attention to financial frisk aspects. However, in literature, only a fragmented comprehension is known about the contextual influence of financial risk aspects of businesses. In this article, we contribute by carving out the intersections between Finance and Risk and analyze the production as well as visualize the evolution and trends of this field. In our research approach we use bibliometric technique to analyze 10 years of publications in Web of Science (WoS) database and present a comprehensive contextual picture of financial risk research. We analyzed 3024 publications by identifying the most prominent journals, authors, articles, countries and collaboration among authors and countries. Moreover, a cooccurrence analysis between authors, keywords and journal was done along as well as cluster analysis and thematic analysis is also performed to find the evolutionary trends. Our results showed that credit risk is the most trend topic over the last 10 years and performance and risk taking are two most inter-connected words using co-occurrence citation analysis. Our analysis showed that the corporate governance, financial crisis, financial innovation, and entrepreneurship are evolving themes and their occurrence is increasing and become more prominent in the in the domain of financial risk.

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Section: Final Discussion and Conclusionsupporting

confidence: 87%

Recent trends in business financial risk – A bibliometric analysis

Syed

Bawazir

2021

Cogent Economics & Finance

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“…The bibliometric analysis is approached to identify the SSCF indicators based on the data of all publications in the Scopus database using VOSviewer software to provide visuality results (Shukla et al , 2019). The FDM is applied to eliminate those invalid SSCF indicators by computing the experts' linguistic references (Bui et al , 2020a, b). The EWM converts the indicators' occurrence value into comparable weights to determine the regional performances (Tseng, 2017).…”

Section: Introductionmentioning

confidence: 99%

Comparing world regional sustainable supply chain finance using big data analytics: a bibliometric analysis

Tseng

Bui

Lim

et al. 2021

IMDS

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PurposeSustainable supply chain finance (SSCF) is a fascinated consideration for both academics and practitioners because the indicators are still underdeveloped in achieving SSCF. This study proposes a bibliometric data-driven analysis from the literature to illustrate a clear overall concept of SSCF that reveals hidden indicators for further improvement.Design/methodology/approachA hybrid quantitative and qualitative approach combining data-driven analysis, fuzzy Delphi method (FDM), entropy weight method (EWM) and fuzzy decision-making trial and evaluation laboratory (FDEMATEL) is employed to address the uncertainty in the context.FindingsThe results show that blockchain, cash flow shortage, reverse factoring, risk assessment and triple bottom line (TBL) play significant roles in SSCF. A comparison of the challenges and gaps among different geographic regions is provided in both advanced local perspective and a global state-of-the-art assessment. There are 35 countries/territories being categorized into five geographic regions. Of the five regions, two, Latin America and the Caribbean and Africa, show the needs for more improvement, exclusively in collaboration strategies and financial crisis. Exogenous impacts of wars, natural disasters and disease epidemics are implied as inevitable attributes for enhancing the sustainability.Originality/valueThis study contributes to (1) boundary SSCF foundations by data driven, (2) identifying the critical SSCF indicators and providing the knowledge gaps and directions as references for further examination and (3) addressing the gaps and challenges in different geographic regions to provide advanced assessment from local viewpoint and to diagnose the comprehensive global state of the art of SSCF.

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“…For future research, we suggest using the approach of Peters and Waterman, who, back in 1982, established the basic criteria for corporate excellence several of which are concerned business ethics, with the possibility of enlarging their outcomes of the importance and the advantages brought by corporate social responsibility and intellectual capital when it comes to enhancing profit, productivity, and performance (Popescu and Popescu 2019). Very essential also would be to incorporate outcomes of Bui et al (2020) to research aimed at business ethics. The author identified the knowledge gaps of sustainable corporate finance ((1) corporate finance in sustainability; (2) sustainable competitive advantages; (3) sustainable stakeholder engagement; (4) circular economy; (5) sustainable corporate finance innovation and risk management; and (6) sustainable supply chain ethics)).…”

Section: Discussionmentioning

confidence: 99%

Factors Influencing the Extent of the Ethical Codes: Evidence from Slovakia

Kozáková

Urbanová

Savov

2021

JRFM

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Even though formalization of ethical principles is a must in today’s business, research and evidence in the Slovak conditions remain scarce. Yet, creating an ethical business climate and especially the formalization of ethics through codes of ethics incorporated in corporate standards is a particularly interesting phenomenon in the conditions of transit economies due to the significant role of multinationals in this process. Therefore, the purpose of this study was to examine main factors influencing the extent of ethical codes in 225 subsidiaries of multinational companies operating in Slovakia. The conducted questionnaire study containing items focused on area and extent of ethical code, number of employees, economic performance, regional and industrial scope, ownership structure, and nationality of executive director was used as a tool for data collection. Factor analysis was processed to identify the interdependencies between observed variables and to find the latent variables. Further, the Kruskal–Wallis test was applied to identify the differences among the variables along with the Bonferroni correction test, which specified the items between which the significant difference occurred. The following findings emerged. First, companies with lower extent of ethical code use general phrases. When they want to specialize on any ethics problems, extent must be wider. Second, companies with a lower number of employees do not need extensive ethical code due to clear rules with which they are familiar in a direct way by owners. In multinational companies, the communication of ethical rules is realized via ethical codes with specific purposes because the direct way is impossible. Third, companies with foreign ownership used different managerial approaches, and therefore ethical codes differ in extent and content.

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Challenges and Trends in Sustainable Corporate Finance: A Bibliometric Systematic Review

Cited by 41 publications

References 175 publications

Recent trends in business financial risk – A bibliometric analysis

Recent trends in business financial risk – A bibliometric analysis

Comparing world regional sustainable supply chain finance using big data analytics: a bibliometric analysis

Factors Influencing the Extent of the Ethical Codes: Evidence from Slovakia

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