Bibliometric analysis on ESG (environmental, social, and governance) practices and firm's financial performance

The importance of adopting environmentally responsible investing methods has significantly expanded in parallel with the global awareness of sustainable development and economic advancement. In the past few years, organizations' enthusiasm for the ESG (Environmental, Social, and Governance) approach has grown. The rising volume of research articles on this subject demonstrates a notable scholarly fascination with studying the relationship between ESG factors and business performance. This study examines 472 Scopus indexed articles, spanning the years 2010-2024. The objective of this paper is to carry out a bibliometric review of ESG influence on the firm's financial performance. This study mainly focus on highly referred research documents and used the Karl Pearson correlation coefficient technique to examine clusters among the top-cited articles to find comparable words and research themes. Our study findings demonstrated a notable correlation between the three top-cited documents. For the above analysis, we have used Bibliometrix (R language), VOSviewer, and NVivo.