Conceptual Framework of Environmental, Social, and Governance (ESG) Research: Trends, Themes, and Emerging Perspectives

Mohamad Yazis  Ali Basah; Ainulashikin Marzuki; Nur Ainna  Ramli; Fauzias Mat Nor; Muhammad Ridhwan Ab. Aziz; Syahidawati  Shahwan; Hisham Sabri

doi:10.33102/jmifr.510

Authors

Mohamad Yazis Ali Basah Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia. https://orcid.org/0000-0003-2539-0140
Ainulashikin Marzuki Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, 71800 Nilai, Negeri Sembilan, Malaysia. https://orcid.org/0000-0001-6690-3315
Nur Ainna Ramli Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, 71800 Nilai, Negeri Sembilan, Malaysia. https://orcid.org/0000-0003-4452-8176
Fauzias Mat Nor Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, 71800 Nilai, Negeri Sembilan, Malaysia.
Muhammad Ridhwan Ab. Aziz Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, 71800 Nilai, Negeri Sembilan, Malaysia.
Syahidawati Shahwan Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, 71800 Nilai, Negeri Sembilan, Malaysia.
Hisham Sabri Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, 71800 Nilai, Negeri Sembilan, Malaysia.

DOI:

https://doi.org/10.33102/jmifr.510

Keywords:

Bibliometric analysis, Bibliometrix R-Tool, ESG, Environmental, Social, Governance

Abstract

This paper aims to assessing the growth and publication patterns in environmental, social and governance (ESG) research, identifying the main issues discussed among influential publications and authors that have shaped the discourse, and exploring the intersection of ESG with other emerging fields or trends. Data from the SCOPUS database were used in this study. The ‘biblioshiny’ R package, also known as ‘bibliometrix 3.0’, was employed to conduct bibliometric analysis, utilising mapping and clustering techniques on 1736 articles, in order to distil the comprehensive knowledge and identify emerging trends in ESG topics. The thematic Map classifies the ESG themes into niche themes (e.g., ESG investing, socially responsible investment, and ESG rating); emerging/declining themes (e.g., Sustainable development, corporate sustainability, and responsible investment); and basic/transversal themes (e.g., ESG, sustainability and CSR). Environmental, social, and governance imply a position between niche themes and motor themes, while the corporate social responsibility, corporate governance, and ESG performance implies a position between motor themes and basic themes. This study sheds light on the nature and patterns of ESG research. Citation rates are estimated by analysis, and journal impact factors are quantifiable and objective measures directly related to published research.

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References

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Conceptual Framework of Environmental, Social, and Governance (ESG) Research

Trends, Themes, and Emerging Perspectives

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