Research Article

THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR

Volume: 6 Number: 2 December 30, 2025
TR EN

THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR

Abstract

This study provides a comprehensive bibliometric analysis of the development of ESG performance literature in the banking sector between 2010 and 2025. Using data retrieved from the Scopus database, 692 peer-reviewed articles were examined through Bibliometrix (R/Biblioshiny), while VOSviewer visualization tool were employed to map collaboration, co-occurrence and citation networks. The findings reveal a sharp increase in academic interest in ESG-related banking research, particularly after 2019, with nearly 90% of all publications produced between 2022 and 2025. Italy, China and India emerged as the leading contributors, supported by strong research activity in Europe and Asia. Institutional analysis shows that universities in Italy and Eastern Europe play a central role, while several Asian institutions are increasingly influential. Sustainability (Switzerland) and Finance Research Letters are identified as the most active journals in the field. Co-word and collaboration networks indicate that research mainly focuses on ESG, banking, financial performance, sustainable development, governance and risk management.

Keywords

Banking Sector, ESG, Bibliometric Analysis

References

  1. Agnese, P., Cerciello, M., Oriani, R., & Taddeo, S. (2024). ESG controversies and profitability in the European banking sector. Finance Research Letters, 61, https://doi.org/10.1016/j.frl.2024.105042.
  2. Apaydın, Ş., Kazak, H., & Akcan, A. T. (2024). What is the extent of research on finance and banking in Türkiye? A bibliometric analysis. Adıyaman Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (48), 845-878. https://doi.org/10.14520/adyusbd.1588284.
  3. Aria, M., & Cuccurullo, C. (2017). Bibliometrix: An R-tool for comprehensive science mapping analysis. Journal of Informetrics, 11(4), 959-975. https://doi.org/10.1016/j.joi.2017.08.007.
  4. Bektur, Ç. & Arzova, S. B. (2022). The effect of women managers in the board of directors of companies on the integrated reporting: Example of Istanbul Stock Exchange (ISE) Sustainability Index. Journal of Sustainable Finance & Investment, 12, 638–54. https://doi.org/10.1080/20430795.2020.1796417.
  5. Coleton, A., Brucart, M. F., Gutierrez, P., Le Tennier, F., & Moor, C. (2020). Sustainable finance: market practices. European Banking Authority Research Paper 6. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3749454.
  6. El Khoury, R., Nasrallah, N., & Alareeni, B. (2023). The determinants of ESG in the banking sector of MENA region: a trend or necessity?. Competitiveness Review: An International Business Journal, 33(1), 7-29. https://doi.org/10.1108/CR-09-2021-0118.
  7. Elali, W. (2021), The importance of strategic agility to business survival during corona crisis and Beyond, International Journal of Business Ethics and Governance, 4(2), 1-8. https://ijbeg.com/.
  8. Elbir Mermer, G. (2024). Investigation of studies in risk management and banking sector with bibliometric analysis. Yönetim ve Ekonomi Dergisi, 31(2), 347-364. https://doi.org/10.18657/yonveek.1421581.
  9. Ertan, Y. (2025). ESG ve finansal performans alanında WOSCC’de yer alan makalelerin bibliyometrik analizi. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, 47(1), 111-134. https://doi.org/10.14780/muiibd.1572881 . Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/j.jbusres.2021.04.070.
  10. Galletta, S., Mazzù, S., & Naciti, V. (2022). A bibliometric analysis of ESG performance in the banking industry: From the current status to future directions. Research in International Business and Finance, 62, 101684. https://doi.org/10.1016/j.ribaf.2022.101684.
APA
Atasel, O. Y., & Şeker, Y. (2025). THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR. Journal of Management Theory and Practices Research, 6(2), 476-487. https://doi.org/10.71284/jmtpr.2025616
AMA
1.Atasel OY, Şeker Y. THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR. Journal of Management Theory and Practices Research. 2025;6(2):476-487. doi:10.71284/jmtpr.2025616
Chicago
Atasel, Oğuz Yusuf, and Yasin Şeker. 2025. “THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR”. Journal of Management Theory and Practices Research 6 (2): 476-87. https://doi.org/10.71284/jmtpr.2025616.
EndNote
Atasel OY, Şeker Y (December 1, 2025) THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR. Journal of Management Theory and Practices Research 6 2 476–487.
IEEE
[1]O. Y. Atasel and Y. Şeker, “THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR”, Journal of Management Theory and Practices Research, vol. 6, no. 2, pp. 476–487, Dec. 2025, doi: 10.71284/jmtpr.2025616.
ISNAD
Atasel, Oğuz Yusuf - Şeker, Yasin. “THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR”. Journal of Management Theory and Practices Research 6/2 (December 1, 2025): 476-487. https://doi.org/10.71284/jmtpr.2025616.
JAMA
1.Atasel OY, Şeker Y. THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR. Journal of Management Theory and Practices Research. 2025;6:476–487.
MLA
Atasel, Oğuz Yusuf, and Yasin Şeker. “THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR”. Journal of Management Theory and Practices Research, vol. 6, no. 2, Dec. 2025, pp. 476-87, doi:10.71284/jmtpr.2025616.
Vancouver
1.Oğuz Yusuf Atasel, Yasin Şeker. THE DEVELOPMENT OF ESG PERFORMANCE LITERATURE IN THE BANKING SECTOR. Journal of Management Theory and Practices Research. 2025 Dec. 1;6(2):476-87. doi:10.71284/jmtpr.2025616