Bibliometric Analysis of the Impact of ESG Factors on Financial Performance

The concept of environmental, social, and governance (ESG) has gained much attention in recent decades, focusing on how companies harm or benefit society. In light of these changes, strategies have had to be redesigned to include the sustainability factor, which calls into question the extent of the impact of ESG factors on financial performance. Given the increasing trend in the number of papers and the total number of citations, the findings indicate that ESG is an emerging field in the study of sustainable economics, and the literature provides conflicting findings regarding this relationship. To analyze publication trends, citation patterns, and keyword mapping, the research used bibliometric analysis by applying VOSviewer software, highlighting the significance of the trend for the effects of sustainability on business, using research data collected from the Scopus online platform. The current article highlights recent findings that can be used to inform and direct future research on the impact of corporate social responsibility on financial performance. It also provides a variety of theoretical and methodological perspectives on the topic under investigation, opening the door for further empirical research.