Understanding the Integration of Climate Change Risk and Corporate Financial Risk: A Scientometric Analysis

ABSTRACT The study primarily focuses on linking the fields of environment and finance. It examines the impact of climate change risks on firms' risk by conducting a comprehensive bibliometric review of 877 pieces of literature extracted from the SCOPUS database, published between 1988 and 2024, and analysed using VOSviewer and Bibioshiny software. The results reveal a surprising surge of publications from 2021 to 2024. We found that most authors relevant to this field hail from China, with Wang Y being the most influential author, leading in both publications and collaborations with other countries. The article ‘Competing Perspectives on the Link between Strategic Information Technology Alignment and Organisational Agility: Insights from a Mediation Model’ and the source ‘ Journal of Cleaner Production ’ are deemed the most significant. The University of Southern Queensland is the most prolific institution. The prominent author keywords are climate change and firm performance, and as per the thematic analysis, nine clusters were identified. Furthermore, the study emphasises research areas, emerging trends and potential pathways for future exploration. Ultimately, this research provides valuable insights for academics, businesses and policymakers aiming to develop more effective and sustainable strategies for managing firms' climate change risks.