Roadmap to Sustainable Finance: A Bibliometric Analysis of Socially Responsible Investment in Financial Institutions

Zahid Bashir; Sabeeh Iqbal; Muhammad Aamir

doi:10.32350/aar.42.04

Zahid Bashir Departement of Commerce, University of Gujrat, Pakistan https://orcid.org/0000-0001-5546-1099
Sabeeh Iqbal Hailey College of Commerce, University of the Punjab, Lahore, Pakistan https://orcid.org/0000-0002-6162-4234
Muhammad Aamir Hailey College of Commerce, University of the Punjab, Lahore, Pakistan https://orcid.org/0000-0002-8956-1052

Keywords: bibliometric analysis, Financial Institutions (FIs), Socially Responsible Investment (SRI), sustainable finance, Sustainable Development Goals (SDGs)

Abstract

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The current study aims to examine the role of Socially Responsible Investment (SRI) in Financial Institutions (FIs), as well as research gaps and future directions. A bibliometric analysis is conducted using the Elsevier Scopus database and 658 relevant documents were identified through advance searches. The current study used performance analysis and scientific mapping method to achieve the objectives. The results show that the international collaboration exists in the discipline. It includes the evidenced from the prominent journals and the names of authors with extensive co-authorship among countries, such as China, the UK, the USA, Spain, India, Italy, Germany, and France. The keyword co-occurrences shed light on the most emerging topics in this domain, such as mutual funds, sustainable development, and the factors that integrate Environment, Society, and Governance (ESG) for financial decision-making process. Additionally, the study focused to emphasize SRI in FIs between 2011 and 2023. Therefore, the emerging significant themes point towards interdisciplinary and worldwide collaboration. This study came up with its findings in the light of new perspectives not only through an in-depth analysis of SRI within FIs but also by capturing the emergence of interdisciplinary and collaborative efforts worldwide.

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