A Cluster Analysis Approach for Bank’s Risk Profile: The Romanian Evidence

Cluster analysis, as an exploratory technique, by gathering together those credit institutions sharing similar features in terms of financial intermediation activity, proves to be a complementary tool for the peer group analysis, accomplished at the off-site supervision level. The aim of our study was to include a representative sample of Romanian credit institutions into smaller, homogenous clusters, in order to assess which credit institutions have similar patterns according to their risk profile and profitability. We found that, over the period 2004-2006, the clusters remained relatively stable in terms of similarity of exposure to risks and profitability.Banking system, supervision, risk profile, resemblance coefficient, and cluster analysis

A BIBLIOMETRIC REVIEW OF SUSTAINABLE FINANCE: SETTING THE RESEARCH AGENDA

The emerging environmental, social and economic pressures highlighted the need for long-term approaches to bring sustainable development. Sustainable finance emerged as a novel approaches that actively contribute to sustainable development. However, it is often considered as an umbrella term that encompasses different financial practices, tools, and instruments. All the progress and success in the field of sustainable finance to date notwithstanding, it is thus essential to develop a standardized conceptual framework to clarify the ambiguity among the core construct. Based on this consideration, this study applies a bibliometric approach to provide a robust roadmap that delineates the sustainable finance conceptual landscape. The concrete outcomes of this research elucidate the origin and evolution of the sustainable finance concept and provide a contemporary review of the related tools, approaches, and instruments. Simultaneously, this study also depicts the precise boundaries among the core elements of sustainable finance. The main contribution of this study is thus to provide researchers, organizations, and the society a better understanding of all the aspects of sustainable finance that are useful for sustainable development in the financial world. Further, this research uncovers the underexplored areas within the sustainable finance paradigm to which researchers and organizations should channel their attention

How many shades are there in sustainable finance? A bibliometric review

In the last years, sustainable finance emerged as one of the most popular research topics all over the world. Inspired by the need to reconsider the role and contribution of finance for a more sustainable development and capitalism, sustainable finance encompasses a very broad set of terms and investment approaches that lead to a blurring of its boundaries and core elements. This chapter explores research on the field of sustainable finance by using a bibliometric approach and mapping its conceptual landscape and the related sub-themes. The chapter provides a better understanding of sustainable finance to researchers, organizations, and the society by clarifying the origin, concept, and boundaries of sustainable finance, and delineating comprehensive knowledge of the tools, approaches, and instruments useful for sustainable development in the financial world