{"id":"https://openalex.org/W4398401988","doi":"https://doi.org/10.1007/s10290-024-00541-9","title":"How sustainable finance creates impact: transmission mechanisms to the real economy","display_name":"How sustainable finance creates impact: transmission mechanisms to the real economy","publication_year":2024,"publication_date":"2024-05-23","ids":{"openalex":"https://openalex.org/W4398401988","doi":"https://doi.org/10.1007/s10290-024-00541-9"},"language":"en","primary_location":{"id":"doi:10.1007/s10290-024-00541-9","doi":"https://doi.org/10.1007/s10290-024-00541-9","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10290-024-00541-9","pdf_url":null,"source":{"id":"https://openalex.org/S78091837","display_name":"Review of World Economics","issn_l":"0043-2636","issn":["0043-2636","1610-2878","1610-2886"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of World Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1007/s10290-024-00541-9","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5073533284","display_name":"Ben Caldecott","orcid":"https://orcid.org/0000-0001-8846-9847","observed_orcids":["https://orcid.org/0000-0001-8846-9847"]},"institutions":[{"id":"https://openalex.org/I40120149","display_name":"University of Oxford","ror":"https://ror.org/052gg0110","country_code":"GB","type":"education","lineage":["https://openalex.org/I40120149"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Ben Caldecott","raw_affiliation_strings":["Oxford Sustainable Finance Group, Smith School of Enterprise and the Environment, University of Oxford, Oxford, UK"],"raw_orcid":"https://orcid.org/0000-0001-8846-9847","affiliations":[{"raw_affiliation_string":"Oxford Sustainable Finance Group, Smith School of Enterprise and the Environment, University of Oxford, Oxford, UK","institution_ids":["https://openalex.org/I40120149"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5002417504","display_name":"Alex Clark","orcid":"https://orcid.org/0000-0003-2858-3183","observed_orcids":["https://orcid.org/0000-0003-2858-3183"]},"institutions":[{"id":"https://openalex.org/I40120149","display_name":"University of Oxford","ror":"https://ror.org/052gg0110","country_code":"GB","type":"education","lineage":["https://openalex.org/I40120149"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Alex Clark","raw_affiliation_strings":["Oxford Sustainable Finance Group, Smith School of Enterprise and the Environment, University of Oxford, Oxford, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Oxford Sustainable Finance Group, Smith School of Enterprise and the Environment, University of Oxford, Oxford, UK","institution_ids":["https://openalex.org/I40120149"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5007159964","display_name":"Elizabeth Harnett","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1280959780","display_name":"Rocky Mountain Institute","ror":"https://ror.org/03anfar33","country_code":"US","type":"other","lineage":["https://openalex.org/I1280959780"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Elizabeth Harnett","raw_affiliation_strings":["RMI, Boulder, CO, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"RMI, Boulder, CO, USA","institution_ids":["https://openalex.org/I1280959780"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5061856889","display_name":"Felicia Liu","orcid":"https://orcid.org/0000-0001-7788-1887","observed_orcids":["https://orcid.org/0000-0001-7788-1887"]},"institutions":[{"id":"https://openalex.org/I52099693","display_name":"University of York","ror":"https://ror.org/04m01e293","country_code":"GB","type":"education","lineage":["https://openalex.org/I52099693"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Felicia Liu","raw_affiliation_strings":["Department of Environment and Geography, University of York, York, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Environment and Geography, University of York, York, UK","institution_ids":["https://openalex.org/I52099693"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5073533284"],"corresponding_institution_ids":["https://openalex.org/I40120149"],"apc_list":{"value":3090,"currency":"USD","value_usd":3090},"apc_paid":{"value":3090,"currency":"USD","value_usd":3090},"fwci":7.5903,"has_fulltext":false,"cited_by_count":29,"citation_normalized_percentile":{"value":0.97581639,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"162","issue":"1","first_page":"87","last_page":"119"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14464","display_name":"Community Development and Social Impact","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sustainable-finance","display_name":"sustainable finance","score":0.9990000128746033},{"id":"https://openalex.org/keywords/real-economy","display_name":"real economy","score":0.7689999938011169},{"id":"https://openalex.org/keywords/cost-of-capital","display_name":"cost of capital","score":0.9589999914169312},{"id":"https://openalex.org/keywords/sustainable-business-practices","display_name":"sustainable business practices","score":0.9739999771118164},{"id":"https://openalex.org/keywords/strategic-asset-allocation","display_name":"strategic asset allocation","score":0.9350000023841858},{"id":"https://openalex.org/keywords/asset-classes","display_name":"asset classes","score":0.7070000171661377},{"id":"https://openalex.org/keywords/financial-institutions","display_name":"financial institutions","score":0.7350000143051147}],"concepts":[{"id":"https://openalex.org/C190974861","wikidata":"https://www.wikidata.org/wiki/Q1048268","display_name":"European integration","level":3,"score":0.5912755131721497},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5512224435806274},{"id":"https://openalex.org/C178283979","wikidata":"https://www.wikidata.org/wiki/Q274490","display_name":"Public finance","level":2,"score":0.47110846638679504},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.36221563816070557},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3111122250556946},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.27833205461502075},{"id":"https://openalex.org/C2910001868","wikidata":"https://www.wikidata.org/wiki/Q458","display_name":"European union","level":2,"score":0.19274285435676575}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1007/s10290-024-00541-9","doi":"https://doi.org/10.1007/s10290-024-00541-9","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10290-024-00541-9","pdf_url":null,"source":{"id":"https://openalex.org/S78091837","display_name":"Review of World Economics","issn_l":"0043-2636","issn":["0043-2636","1610-2878","1610-2886"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of World Economics","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1007/s10290-024-00541-9","doi":"https://doi.org/10.1007/s10290-024-00541-9","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s10290-024-00541-9","pdf_url":null,"source":{"id":"https://openalex.org/S78091837","display_name":"Review of World Economics","issn_l":"0043-2636","issn":["0043-2636","1610-2878","1610-2886"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of World Economics","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.6000000238418579,"id":"https://metadata.un.org/sdg/12","display_name":"Responsible consumption and production"},{"score":0.5351999998092651,"id":"https://metadata.un.org/sdg/13","display_name":"Climate action"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320331792","display_name":"IKEA Foundation","ror":"https://ror.org/0000ev088"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":66,"referenced_works":["https://openalex.org/W1488449625","https://openalex.org/W1566930280","https://openalex.org/W1584411492","https://openalex.org/W1602139081","https://openalex.org/W1836722941","https://openalex.org/W1966466119","https://openalex.org/W1975090019","https://openalex.org/W2019425608","https://openalex.org/W2021824814","https://openalex.org/W2083029510","https://openalex.org/W2105453506","https://openalex.org/W2134281264","https://openalex.org/W2158366624","https://openalex.org/W2234677598","https://openalex.org/W2291688673","https://openalex.org/W2338388018","https://openalex.org/W2784600224","https://openalex.org/W2790717244","https://openalex.org/W2792872781","https://openalex.org/W2890884722","https://openalex.org/W2898118685","https://openalex.org/W2901701170","https://openalex.org/W2905488820","https://openalex.org/W2906323621","https://openalex.org/W2912125380","https://openalex.org/W2945437183","https://openalex.org/W2945714148","https://openalex.org/W2969520687","https://openalex.org/W2996233037","https://openalex.org/W3006308717","https://openalex.org/W3023552185","https://openalex.org/W3047408857","https://openalex.org/W3115552396","https://openalex.org/W3119431246","https://openalex.org/W3121235248","https://openalex.org/W3121296400","https://openalex.org/W3121944550","https://openalex.org/W3122060240","https://openalex.org/W3122458556","https://openalex.org/W3122931130","https://openalex.org/W3123142049","https://openalex.org/W3123517231","https://openalex.org/W3123658139","https://openalex.org/W3123778558","https://openalex.org/W3123908492","https://openalex.org/W3125844975","https://openalex.org/W3164849473","https://openalex.org/W3174182284","https://openalex.org/W3186305475","https://openalex.org/W3190303496","https://openalex.org/W3217394719","https://openalex.org/W4205612173","https://openalex.org/W4210433538","https://openalex.org/W4211048293","https://openalex.org/W4234124578","https://openalex.org/W4248292788","https://openalex.org/W4248590671","https://openalex.org/W4250667586","https://openalex.org/W4283361980","https://openalex.org/W4285178874","https://openalex.org/W4402626348","https://openalex.org/W4406710300","https://openalex.org/W6629017594","https://openalex.org/W7099051391","https://openalex.org/W7213336670","https://openalex.org/W7213351035"],"related_works":["https://openalex.org/W4386580254","https://openalex.org/W7056980844","https://openalex.org/W6903910911","https://openalex.org/W6987520903","https://openalex.org/W2520299894","https://openalex.org/W3089156177","https://openalex.org/W7198037610","https://openalex.org/W6901909089","https://openalex.org/W966489104","https://openalex.org/W7172225819"],"abstract_inverted_index":{"Abstract":[0],"When":[1],"and":[2,72,128,135],"how":[3,95],"does":[4],"sustainable":[5,77],"finance":[6],"tangibly":[7],"contribute":[8],"to":[9,31,38,70],"creating":[10],"a":[11,40,50],"better":[12],"world?":[13],"In":[14],"this":[15],"paper,":[16],"we":[17,110,144],"outline":[18],"mechanisms":[19,143],"through":[20],"which":[21,114],"impact":[22,42,85,138],"on":[23,43],"sustainability":[24,44],"outcomes":[25],"is":[26],"transmitted":[27],"from":[28],"financial":[29,46,96],"systems":[30],"the":[32,57,82,100,119,137,140],"real":[33],"economy.":[34],"We":[35,80,93],"argue":[36],"that,":[37],"have":[39],"positive":[41],"outcomes,":[45],"institutions":[47,97],"must":[48],"make":[49],"clear":[51],"contribution":[52],"to:":[53],"(1)":[54],"reducing":[55],"(increasing)":[56],"cost":[58],"of":[59,102,139],"capital":[60],"for":[61,84,121,132],"firms\u2019":[62],"(un)sustainable":[63],"activities;":[64],"(2)":[65],"increasing":[66],"(reducing)":[67],"their":[68],"access":[69],"liquidity;":[71],"(3)":[73],"encouraging":[74],"or":[75],"enabling":[76],"corporate":[78],"practices.":[79],"assess":[81],"potential":[83],"in":[86,113,125],"each":[87],"category":[88],"across":[89],"several":[90],"asset":[91,107],"classes.":[92],"analyse":[94],"can":[98],"integrate":[99],"development":[101],"\u201cimpact":[103],"budgets\u201d":[104],"into":[105],"strategic":[106],"allocation.":[108],"Finally,":[109],"consider":[111,118],"ways":[112],"future":[115],"research":[116],"could":[117],"implications":[120],"impact-oriented":[122],"portfolio":[123],"construction":[124],"more":[126],"detail":[127],"develop":[129],"empirical":[130],"methods":[131],"further":[133],"testing":[134],"quantifying":[136],"different":[141],"transmission":[142],"discuss.":[145]},"counts_by_year":[{"year":2026,"cited_by_count":12},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":6},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2024-05-24T00:00:00"}
