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Prabandhan: Indian Journal of Management

ISSN: 0975-2854 Frequency: Monthly Peer Review: Double-blind Published since: 2008 Language: English
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Mapping the Evolution of Green Finance and Sustainable Growth : A Bibliometric Analysis

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Mapping the Evolution of Green Finance and Sustainable Growth : A Bibliometric Analysis

Ujjwal Mishra1, Divya Singh2*, Amit Gautam3

1Doctoral Fellow, Institute of Management Studies, Banaras Hindu University, Varanasi - 221 005, Uttar Pradesh. (Email : [email protected]) ; ORCID iD : https://orcid.org/0009-0006-8526-0072

2Assistant Professor (Corresponding Author), School of Business, Galgotias University, Greater Noida - 201 310, Uttar Pradesh. (Email : [email protected]) ; ORCID iD : https://orcid.org/0000-0003-2443-9379

3Professor, Institute of Management Studies, Banaras Hindu University, Varanasi - 221 005, Uttar Pradesh. (Email : [email protected]) ; ORCID iD : https://orcid.org/0000-0002-9672-7217

Volume 19
Issue 11
Pages 59–78
Year 2026
Received: Sept. 20, 2025 Accepted: Aug. 25, 2026 Published: Nov. 15, 2026
Abstract

Purpose: Green finance has proved to be a critical instrument in aligning financial systems with environmental sustainability and long-term economic growth. In spite of the growing body of literature, there is still a dearth of a comprehensive retrospective review of green finance and sustainable growth (SG). The study aimed to bridge this gap by offering a bibliometric analysis of existing research.

Design/Methodology/Approach: A total of 633 articles were extracted from the Scopus and Web of Science (WoS) databases. The study used bibliometric techniques to identify the key themes, clusters, and future research directions.

Findings: The analysis revealed a significant surge in publications since 2020, highlighting the increasing relevance of green finance in sustainability research. The multiple correspondence analysis-based conceptual mapping identified four broad knowledge domains. For a more detailed thematic assessment, the study applied a complementary thematic cluster analysis based on Callon’s centrality, density, and cluster frequency measures, identifying 10 specialized research themes.

Practical Implications: The study highlighted critical research gaps and provided direction for scholars and policymakers by linking identified themes to relevant research questions. These insights, such as focusing on small and medium enterprises and incentivizing green research and development, offer opportunities to advance academic discourse and guide practical initiatives in green finance and SG.

Originality/Value: The research contributed by providing one of the few extensive bibliometric reviews that encompass the vast topic of green finance and SG. It methodically identified thematic clusters, research gaps, and provided relevant future research directions.

Keywords green finance sustainable finance sustainable growth sustainable development bibliometric analysis JEL Classification Codes : G20 O44 Q56
How to Cite

Mishra, U., Singh, D., & Gautam, A. (2026). Mapping the evolution of green finance and sustainable growth: A bibliometric analysis. Prabandhan: Indian Journal of Management, 19(11), 59–78. https://doi.org/10.17010/pijom/2026/v19i11/174784

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