Unveiling the Factors Shaping the Expansion of Green Bonds: A Comprehensive Study

Abstract

Though the market of GB issuance is booming yet there is absence of thorough summaries. This research emphases on the finding the factors affecting the GB emergence and expansion which requires systematic review and bibliometric analysis to be employed to give qualitative and quantitative information about Green bonds. The study examined 646 peer-reviewed academic papers from 2007 to 2022. It was also used to identify notable works, outline the logical arrangement of the grounds, and categories any openings within that structure. The bibliometric study of 646 papers revealed prominent authors, institutions, nations, and themes. This study uncovers several prominent themes that emerged during the analysis, including sustainability, GBs, green or sustainable finance, sustainable investment or development. The three significant subjects identified are the connection between GB supportability and environmental change financing, the connection between GB and determinants, and the link among GB and regular bonds. These themes played a substantial role in shaping the research findings and are indicative of the key areas of focus within the field. An overall calculated structure that shows the higher perspective has decreased the research zones. This review will aid authors, controllers, and educators to know the current place of green bond work and helps to understand the topic.