ENVIRONMENTAL, SOCIAL AND GOVERNANCE: AN OVERVIEW OF THE EVOLUTIONARY TRAJECTORY OF RESEARCH NETWORKS (2011-2022)

Objective: This article aimed to analyze the evolutionary trajectory of international research networks on ESG Environmental, Social and Governance in the period from 2011 to 2020 in the Scopus database. Background: Overall, it is possible to observe that new evidence is needed to clarify whether corporate ESG performance can reduce the risk of falling share prices, or enhance corporate reputation, institutional context, informational asymmetry, shareholder participation, behavior and characteristics of managers, ESG drivers, business profile (family or non-family), relationships between owners, management and stakeholders, business operations, information disclosure, external organizational environment, among others (Buallay, 2019; Broadstock et al. (2021 ), Luo, 2022, Mengtao et al. Method: This is a bibliometric study in the Scopus (R) database on the topic of ESG, from 2002 to 2022. Results: The main studies in the field of ESG indicate that the drastic growth in its development has brought many economic benefits to companies, but also brings possible disadvantages. The literature has been growing exponentially, especially focusing on the effect of ESG performance on company value or corporate financial performance. Contributions: It can be concluded that there have been several approaches used to explain the behavior of use and performance in ESG, especially those related to earnings management interfaces, gender diversity on management boards, CEO power, social and environmental disclosure, corporate governance and social responsibility, sustainable management, financial and market performance.