{"title":"Harnessing digital finance for sustainability: An integrative review and research agenda","authors":"Sanchita Bansal , Satish Kumar , Searat Ali , Shifali Singh , Priya Nangia , Umesh Bamel","doi":"10.1016/j.ribaf.2024.102682","DOIUrl":null,"url":null,"abstract":"<div><div>The digital technologies are transforming the financial markets and may prove to be a game-changer in terms of attaining SDG objectives over time. As a result, UN agencies have begun to prioritize the utilization of the digital revolution to advance SDGs. There is a growing body of literature on the use of digital money to achieve sustainability objectives. As businesses commit to protecting the environment, natural systems, and society, consumer eco-awareness has elevated the importance of the issue in the field of sustainable digital finance. The rationale behind this study is to unify the fragmented literature on digital money and to present a clear conceptual framework for sustainable digital finance in order to advance sustainability goals. Specifically, the study aims to investigate the evolution of sustainable digital finance through analyzing publication and citation trends, developing an author-country-keyword framework, and exploring the significant themes and subjects emerging from the field of sustainable digital finance. Additionally, the study examines ongoing shifts in the digital finance sector and the digital sustainable revolution, which can help us harness technology for social good (Grand Challenge: social work) and move closer to achieving sustainable development goals. We employ a two-tiered analytic strategy, comprising of bibliometric analysis and an integrated literature evaluation of 168 publications from the Web of Science database. In addition to descriptive and thematic analysis, the findings provide us with seven relevant themes (financial involvement and participation, sustainable financial development, green finance, digital venture capital, fintech, financial performance, and digital strategy) and four prominent aggregate dimensions (digital financial inclusion, digital sustainable revolution, digital financial transformation, and harness technology for social good), which will be included in the conceptual framework for future research endeavors. The paper concludes with the policy implications of the findings.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"74 ","pages":"Article 102682"},"PeriodicalIF":6.9000,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0275531924004756","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2024/11/30 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
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Abstract
The digital technologies are transforming the financial markets and may prove to be a game-changer in terms of attaining SDG objectives over time. As a result, UN agencies have begun to prioritize the utilization of the digital revolution to advance SDGs. There is a growing body of literature on the use of digital money to achieve sustainability objectives. As businesses commit to protecting the environment, natural systems, and society, consumer eco-awareness has elevated the importance of the issue in the field of sustainable digital finance. The rationale behind this study is to unify the fragmented literature on digital money and to present a clear conceptual framework for sustainable digital finance in order to advance sustainability goals. Specifically, the study aims to investigate the evolution of sustainable digital finance through analyzing publication and citation trends, developing an author-country-keyword framework, and exploring the significant themes and subjects emerging from the field of sustainable digital finance. Additionally, the study examines ongoing shifts in the digital finance sector and the digital sustainable revolution, which can help us harness technology for social good (Grand Challenge: social work) and move closer to achieving sustainable development goals. We employ a two-tiered analytic strategy, comprising of bibliometric analysis and an integrated literature evaluation of 168 publications from the Web of Science database. In addition to descriptive and thematic analysis, the findings provide us with seven relevant themes (financial involvement and participation, sustainable financial development, green finance, digital venture capital, fintech, financial performance, and digital strategy) and four prominent aggregate dimensions (digital financial inclusion, digital sustainable revolution, digital financial transformation, and harness technology for social good), which will be included in the conceptual framework for future research endeavors. The paper concludes with the policy implications of the findings.
随着时间的推移，数字技术正在改变金融市场，并可能在实现可持续发展目标方面改变游戏规则。因此，联合国机构已开始优先考虑利用数字革命来推进可持续发展目标。关于使用数字货币实现可持续发展目标的文献越来越多。随着企业致力于保护环境、自然系统和社会，消费者的生态意识提升了可持续数字金融领域问题的重要性。本研究的基本原理是统一关于数字货币的零散文献，并为可持续数字金融提出一个清晰的概念框架，以推进可持续发展目标。具体而言，本研究旨在通过分析出版和引文趋势，开发作者-国家-关键字框架，以及探索可持续数字金融领域出现的重要主题和课题，来调查可持续数字金融的演变。此外，该研究还探讨了数字金融领域正在发生的变化和数字可持续革命，这些变化可以帮助我们利用技术为社会造福（重大挑战：社会工作），并更接近实现可持续发展目标。我们采用了两层分析策略，包括文献计量分析和对Web of Science数据库中168份出版物的综合文献评估。除了描述性和专题分析外，研究结果还为我们提供了七个相关主题（金融介入和参与、可持续金融发展、绿色金融、数字风险投资、金融科技、财务绩效和数字战略）和四个突出的总体维度（数字金融普惠、数字可持续革命、数字金融转型和利用技术促进社会公益）。这将包含在未来研究的概念框架中。论文最后提出了研究结果的政策含义。
期刊介绍：
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance
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