Article2022

Bibliometrics-based visualization analysis of knowledge-based economy and implications to environmental, social and governance (ESG)

Ruihui Pu · Thitinan Chankoson · Rebecca Kechen Dong · Lingxi Song

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Sustainability and Innovation in Business Corporate Social Responsibility Reporting Environmental Sustainability in Business

Abstract

Purpose This study brings knowledge economy and sharing to advance environmental, social and governance (ESG). Nevertheless, knowledge economy is a broad research field and dynamic phenomenon. To fill this lacuna, the purpose of this study is to build a link between the literature field of knowledge economy and sharing to advance each ESG limitation. To achieve this aim, the authors have (1) presented the prevailing state of research on the literature field of knowledge economy and sharing and (2) provided future research avenues for understanding the ESG. Design/methodology/approach Therefore, this study has conducted a bibliometrics-based visualization analysis of literature data of 169 publications in knowledge economy field from 2010 to 2020. The authors classify findings into five clusters mapping the evolution of knowledge economy. Findings The analytical findings indicate the linkages between these clusters with ESG, as well as the application of knowledge economy to advance ESG limitations. This study offers future research implications for knowledge management scholars and managerial suggestions to ESG practitioners. Originality/value ESG is a newly emerging investment concept and corporate evaluation standard aiming at exploring a sustainable development path and striking a balance between commercial value and corporate social responsibility. But the status quo indicates identical ESG limitations due to the board of directors’ limited knowledge capacity, inconsistent and ununified ESG measurement and a lack of ESG information. In parallel, knowledge economy has increasingly created a huge higher rate of return and benefits towards this disruptive society. This study brings knowledge economy and sharing to advance ESG. Nevertheless, knowledge economy is a broad research field and dynamic phenomenon.

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References

2021The PRISMA 2020 statement: an updated guideline for reporting systematic reviews 2009Preferred Reporting Items for Systematic Reviews and Meta-Analyses: The PRISMA Statement 2005CiteSpace II: Detecting and visualizing emerging trends and transient patterns in scientific literature 2021Firms and social responsibility: A review of ESG and CSR research in corporate finance 2005Oslo Manual 2017Why and How Investors Use ESG Information: Evidence from a Global Survey 2021Why is Corporate Virtue in the Eye of The Beholder? The Case of ESG Ratings 2020Web of Science as a data source for research on scientific and scholarly activity

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