Fusion of green governance for sustainable development and world ecology: A tempting systematic review and bibliometric analysis

Abstract

The current research contributes to sustainable development and world ecology by identifying key areas, current dynamics, and key organizations' contributors and providing significant directions toward future research on the relationship between Green Governance (GG) and Firm Performance (FP). This study carried out bibliometric systematized research using the keywords ''Green Governance'' AND ''Firm Performance'' from the Scopus database, of which 238 scientific papers were retrieved between 2002 and 2022. The assessment was conducted using inclusion and exclusion eligibility criteria adopted from the PRISMA 2022 flow diagram, which illustrates the sequential progression of information throughout various stages of a systematic review. Therefore, 209 research were analyzed using the Biblioshiny (Bibliometrix R package) for the science mapping workflow. The study found that the major research focus in this area is around firm performance, environmental management, environmental performance, and ''sustainability followed sequentially are the prominent research topics in this field. The findings further revealed that there had been a 21% drop in publication in recent years. Undoubtedly, there is growing research, especially by renowned authors on exploring the impact on firm performance. The major studies are conducted in China and the United States, engaged in the most significant collaboration. At the same time, the impact on most countries in Africa, South America, and a few in Asia is minute. Lastly, this study has also proposed five reasonable research directions based on the identified research gaps and the research framework for future analysis.

Keywords

• Green governance
• Environmental governance
• Climate change governance
• Ecological governance
• Environmental management
• And firm performance