The Environmental, Social and Governance (ESG) and Financial Performance: A Bibliometric Analysis using Biblioshiny


  • Prashant Debnath School of Commerce, Bharathiar University, Coimbatore, 641046 Tamil Nadu, India
  • P. Chellasamy School of Commerce, Bharathiar University, Coimbatore, 641046 Tamil Nadu, India



Environmental, Social, and Governance, Financial performance, Sustainability, Corporate social responsibility


This study conducts a bibliometric analysis of the relationship between ESG (Environmental, Social, and Governance) factors and financial performance. The purpose is to gather bibliometric data on citations, scientific publications, authors, sources, affiliations, contributions from different nations, keywords, trending aspects, and potential future research fields. The study collects data from the Scopus research database covering the period from 2013 to 20th May 2023. Biblioshiny in R Studio is used for data evaluation. The analysis includes annual publication output, average citations, influential authors and institutions, commonly used keywords, and country-wise research output. The analysis reveals a consistent and growing interest in ESG and financial performance research, with a significant increase in scientific articles over time. Earlier publications have higher average citations, indicating their impact, while recent ones show lower citation rates. Key focal points include "financial performance" and "ESG." Noteworthy institutions such as the University of Zaragoza, Nord University, New York University, and the Journal of Sustainable Finance and Investment demonstrate high overall impact. The study emphasizes the ongoing research interest in the relationship between financial performance and ESG and the growing importance of sustainability and corporate social responsibility in corporate practices. The findings indicate a recent emphasis on ESG, financial performance, CSR, sustainability, and corporate governance within environmental studies.


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How to Cite

Debnath, P., & Chellasamy, P. (2024). The Environmental, Social and Governance (ESG) and Financial Performance: A Bibliometric Analysis using Biblioshiny. International Journal of Finance, Economics and Business, 3(1), 36–52.



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