Corporate Social Responsibility and Financial Performance: A Bibliometric Analysis and Future Research Agenda
Main Article Content
Abstract
Purpose - Many investigations, encompassing exploratory, conceptual, and empirical inquiries on corporate social responsibility performance and financial performance, have been carried out within the domains of economics, finance, business, and management. Therefore, this study aims to discern the research trends in this field by synthesizing the knowledge structure.
Methodology – A bibliometric analysis in the realm of corporate social responsibility and financial performance was carried out using a dataset comprising 1440 documents. This dataset was generated through a systematic search executed on the Scopus database, encompassing the time frame from 1987 to 2023.
Finding- The conceptual apparatus revealed the procession in the areas through progress from corporate responsibility to corporate philanthropy, disclosures, family firms, tourism, sustainability, sustainability reporting, and the latest being Environment, Social and Governance and profitability. In addition to unveiling the conceptual framework, this research also uncovers the intellectual and social dimensions. Consequently, the study offers valuable insights into areas requiring further exploration.
Practical implication - The present research offers significant insights into the intersection of corporate social responsibility and financial performance, shedding light on their interconnectedness. It underscores the most frequently addressed issues in this field and points towards promising avenues for future research.
Originality -A significant contribution of this study is its role in consolidating the dispersed literature in this field. It effectively identifies and highlights essential sources, notable authors, seminal work and key documents while investigating the relationship between corporate social responsibility and financial performance.