A bibliometric analysis: Corporate social responsibility and firm value

Abstract

This literature review was conducted in the form of a bibliometric analysis (Zupic & Čater, 2015) to examine the trends and findings of studies on corporate social responsibility (CSR) and firm value. There were 269 Scopus-indexed publications published between 2007 and 2023 analyzed in this study, then processed with R Biblioshiny to generate and visualize the citation matrix and bibliometric network. VOSviewer and additional analysis were also undertaken. The trend of publications on CSR and business value has significantly increased every year, especially in 2022, where 54 publications were made, hitting an annual publication growth rate of 10.58 percent. The results of the review revealed the USA as the most influential nation, and the Journal of Business Ethics as the journal with the strongest influence. An article with 989 citations was published in the Management Science journal written by Lee S., making it the most influential article. Based on the co-occurrence network, the intensity of research on the relationship between CSR and firm value has increased between 2017 and 2021. Jo H. appeared as the most frequently cited author in this field based on co-citation and the USA and Canada were the top two countries in terms of collaboration among countries. This study provides useful insights for future CSR and business value studies. This research is very important for researchers studying CSR and firm value literature. In particular, the findings allow new researchers to quickly identify the theoretical underpinnings, as the leading researchers and documents identified in this study provide an entry point for new researchers.