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Mapping the Nexus: A Comprehensive Bibliometric Analysis of ESG and Financial Performance in the Global Landscape

Author

Listed:
  • Najah Mokhtar

    (Faculty of Business & Management, Universiti Teknologi MARA, Cawangan Kedah, Malaysia)

  • Syukriah Ali

    (Faculty of Business & Management, Universiti Teknologi MARA, Cawangan Kedah, Malaysia)

  • Anita Abu Hassan

    (Faculty of Business & Management, Universiti Teknologi MARA, Cawangan Kedah, Malaysia)

  • Muhammad Maherilham Alias

    (Malacca Securities Sdn. Bhd., Malaysia.)

Abstract

This study aims to provide a comprehensive overview of the relationship between Environmental, Social, and Governance (ESG) factors and financial performance by conducting a bibliometric analysis of relevant literature. The research seeks to identify key trends, influential contributors, and the global distribution of ESG research, offering insights into the evolving discourse in this critical area. A bibliometric analysis was conducted on 676 publications retrieved from the Scopus database. The analysis focused on identifying leading scholars, influential journals, contributing countries, and highly cited articles, as well as examining the prominence of keywords related to ESG and financial performance. The study also explored interdisciplinary contributions and collaboration patterns within the research community. The analysis reveals that the global distribution of research, with significant contributions from developed and developing countries, underscores the international relevance of ESG issues. Moreover, the study identifies key institutions and authors driving ESG research, suggesting a vibrant and interconnected research community. The findings have significant implications for academia, industry, and policymakers. Researchers can use the identified trends and gaps to guide future investigations, while practitioners can develop more targeted ESG strategies based on the geographical and thematic focus of the research. Policymakers can align regulatory frameworks with evolving ESG practices, informed by global research trends.

Suggested Citation

  • Najah Mokhtar & Syukriah Ali & Anita Abu Hassan & Muhammad Maherilham Alias, 2024. "Mapping the Nexus: A Comprehensive Bibliometric Analysis of ESG and Financial Performance in the Global Landscape," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(10), pages 228-250, October.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:10:p:228-250
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    References listed on IDEAS

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    1. Samuel M. Hartzmark & Abigail B. Sussman, 2019. "Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows," Journal of Finance, American Finance Association, vol. 74(6), pages 2789-2837, December.
    2. Rajna Gibson Brandon & Philipp Krueger & Peter Steffen Schmidt, 2021. "ESG Rating Disagreement and Stock Returns," Financial Analysts Journal, Taylor & Francis Journals, vol. 77(4), pages 104-127, October.
    3. Gillan, Stuart L. & Koch, Andrew & Starks, Laura T., 2021. "Firms and social responsibility: A review of ESG and CSR research in corporate finance," Journal of Corporate Finance, Elsevier, vol. 66(C).
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