The study aims to identify and discuss how the literature on Environmental, Social and Governance (ESG) and Earnings management (EM) has evolved, indicating key streams, keywords, authors, journals, countries, publication and citation trends, and thematic evolution. The study also constructs agendas for future research on ESG and EM.
This study uses the bibliometric review and content analysis approach on a corpus of 50 documents from Scopus until early 2024.
The study identifies distinct clusters based on bibliographic coupling: (1) ESG and EM in developed countries; (2) Institutional drivers in ESG-EM relationship; (3) ESG and EM in emerging countries; and (4) ESG integration in corporate practices. The research presents several key findings, including the most influential articles, top productive and impactful journals, and publication and citation trends. Additionally, it conducts network analysis encompassing author keyword co-occurrences and co-citation networks of journals. Furthermore, the present work explores bibliographic coupling among countries and documents. Finally, it proposes a framework for future research based on the research gaps identified in this review.
This study assists practitioners, policymakers and academics, including researchers and journal editors, in comprehensively understanding the relationship between ESG and EM and appropriately evaluating ESG performance and earnings quality.
The study contributes to the extant accounting literature by systematically exploring prior studies on the relationship between ESG and EM. It also constructs a future agenda for ESG and EM literature.
