THE NEXUS OF SUSTAINABILITY AND FINANCIAL PERFORMANCE: A SYSTEMATIC LITERATURE REVIEW
Keywords:
Sustainability, Financial Performance, Bibliometric Analysis, Systematic Literature Review, PRISMA Flowchart.Abstract
This study provides a comprehensive analysis of existing literature on sustainability and company performance using Scopus, a research database. The review focuses on articles published between 2005 and 2023. The analysis utilises the PRISMA methodology to examine 60 specifically chosen publications from prestigious academic journals, with a particular emphasis on the Journal of Cleaner Production. The study utilises a bibliometric methodology, combining mapping visualisations and citation analysis to find patterns and networks within the existing body of literature. The study specifically excludes conference participation and book publications, with a focus solely on research papers in order to retain concentration and emphasis. The survey revealed that sustainable corporate practices were prevalent, occurring 33 times.
Additionally, the study highlighted the United States' significant involvement in collaborative research. The work by Zailani et al. (2015), which has received a minimum of 170 citations, is particularly noteworthy. The Journal of Cleaner Production has made significant contributions with 15 papers and has received 930 citations. This research provides a comprehensive analysis of important publications, authors, and international collaborations in the field of sustainability studies. It identifies areas that need further investigation and proposes potential avenues for future research.