Sustainable Financing Practices and Financial Institutions’ Performance: A Systematic Literature Review

Abstract

This study aims to review the diversified and extant literature on sustainable finance and the performance of financial institutions using the Bibliometric and Theories, Contexts, Characteristics, and Methodologies (TCCM) framework by selecting quality papers from the Scopus and Web of Science databases. The study shows that sustainable financing and financial institutions’ performance is an emerging field of study, currently popular in developed countries and slowly gaining momentum in developing economies. The study presented top authors and journals, most productive countries, co-occurrence of keywords, and co-citation network by conducting bibliometric analysis. The study investigated major theories, methodologies, and independent and dependent variables used by the studies along with the context of the study. Finally, the study concludes that following sustainable practices enhances financial institutions' sustainable performance. The study will be a useful yardstick for financial institutions' policymakers, regulators, and executives in the policymaking, regulation, and efficient operations of their institutions. Besides, the study will be useful for researchers and academicians in identifying future research discourse.