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Bibliometric Analysis of ESG in Banking: What are the Key Directions and Collaborations Behind the Research?

Author

Listed:
  • Claudia GHERÈšESCU

    (University of Craiova, Romania)

  • Alina Georgiana MANTA

    (University of Craiova, Romania)

  • Roxana Maria BÄ‚DÃŽRCEA

    (University of Craiova, Romania)

  • Alia Gabriela DUȚĂ

    (University of Craiova, Romania)

  • Alexandra Lucia ZAHARIA

    (University of Craiova, Romania)

Abstract

This study explores the trends and limitations of ESG research as applied to the banking sector, using a bibliometric analysis based on Scopus data. Using co-citation maps and collaborative networks between authors and institutions, the study highlights a fragmented literature with high thematic specialization and a low degree of interconnectedness between researchers, which limits the development of a coherent and integrated framework. The institutional analysis points to the existence of regional clusters, such as those in Spain, and an international group of prestigious but loosely interlinked institutions, indicating geographical isolation and a lack of comparative studies at a global level. Also, the differences in pace between recent and older research, accompanied by time lags, suggest a slow adaptation of some institutions to the new ESG paradigms, but also a continued evolution of academic collaborations. Despite these limitations, the maps highlight the importance of central institutions in updating research and integrating new ESG directions in banking. The study suggests the need for more extensive interdisciplinary and international research to overcome the barriers of specialization and isolation and to support a more comprehensive and integrated research framework.

Suggested Citation

  • Claudia GHERÈšESCU & Alina Georgiana MANTA & Roxana Maria BÄ‚DÃŽRCEA & Alia Gabriela DUȚĂ & Alexandra Lucia ZAHARIA, 2024. "Bibliometric Analysis of ESG in Banking: What are the Key Directions and Collaborations Behind the Research?," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(26), pages 66-79, November.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2024:i:26:p:66-79
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    References listed on IDEAS

    as
    1. Gillan, Stuart L. & Koch, Andrew & Starks, Laura T., 2021. "Firms and social responsibility: A review of ESG and CSR research in corporate finance," Journal of Corporate Finance, Elsevier, vol. 66(C).
    2. Jeremy Galbreath, 2013. "ESG in Focus: The Australian Evidence," Journal of Business Ethics, Springer, vol. 118(3), pages 529-541, December.
    3. Gunnar Friede & Timo Busch & Alexander Bassen, 2015. "ESG and financial performance: aggregated evidence from more than 2000 empirical studies," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 5(4), pages 210-233, October.
    4. Claudia GHERÈšESCU & Alina Georgiana MANTA, 2023. "Fintech Trends and Banking Digitalisation. Insights from a Bibliometric Analysis," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(25), pages 24-36, November.
    5. Faidon Kalfaoglou, 2021. "ESG risks: a new source of risks for the banking sector," Economic Bulletin, Bank of Greece, issue 53, pages 83-112, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ESG; banking; bibliometric analysis;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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