Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

The Influence of ESG, SRI, Ethical, and Impact Investing Activities on Portfolio and Financial Performance - Bibliometric Analysis/Mapping and Clustering Analysis

Version 1 : Received: 8 June 2023 / Approved: 16 June 2023 / Online: 16 June 2023 (10:44:06 CEST)

A peer-reviewed article of this Preprint also exists.

Marzuki, A.; Nor, F.M.; Ramli, N.A.; Basah, M.Y.A.; Aziz, M.R.A. The Influence of ESG, SRI, Ethical, and Impact Investing Activities on Portfolio and Financial Performance—Bibliometric Analysis/Mapping and Clustering Analysis. J. Risk Financial Manag. 2023, 16, 321. Marzuki, A.; Nor, F.M.; Ramli, N.A.; Basah, M.Y.A.; Aziz, M.R.A. The Influence of ESG, SRI, Ethical, and Impact Investing Activities on Portfolio and Financial Performance—Bibliometric Analysis/Mapping and Clustering Analysis. J. Risk Financial Manag. 2023, 16, 321.

Abstract

The research analysed the publications metric of literature regarding the impact of socially responsible investing (SRI) and environmental, social, and governance (ESG) on portfolio and financial performance. The study aimed to determine the latest trends, key themes, authors, and influential journals. Data from the SCOPUS database was used in this study. A total of 1377 research articles from academic journals related to this topic and published from 2013 to 2022, they data was cleaned to remove duplicate, and documents that do not meet the criteria of this study. For this bibliometric analysis, a total of 260 articles were chosen in order to summarise the collective knowledge and emerging patterns in ESG, SRI, ethical, and impact investing, a bibliometric analysis was employed. The thematic map classified the ESG, SRI, and performance relationship themes into four categories of themes: niche themes, motor themes (corporate financial performance, corporate social performance, ESG, ESG factors, sustainability, performance, integrated reporting, gender diversity, and board size), emerging or declining themes (social responsibility, environmental performance, socially responsible investment, ethical investment, and SRI), and basic or transversal themes (financial performance, corporate social performance, ESG performance, environmental, social, and governance). Social responsible investing, engagement, and ESG, implies a position between niche themes and highly developed topic/emerging or decreasing theme, and covid, ROA, while, tobin’s Q, implies a position between highly developed topic/emerging or decreasing theme and basic theme. The findings contribute to the enhanced understanding of ESG, SRI, ethical, and impact investing, which are crucial for an efficient capital market in promoting sustainability and sustainable development. The study offers vital practical implications and future research directions.

Keywords

ESG; SRI; bibliometric analysis; publication metrics

Subject

Business, Economics and Management, Finance

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