The Nexus between Corporate Governance Mechanisms and Sustainability Disclosure: A Review of Theoretical Frameworks and Empirical Findings

This bibliometric analysis aims to provide a thorough historical picture of Corporate Social Responsibility and Disclosure (CSRD) within the corporate world. For this purpose, we meticulously gathered and scrutinized a corpus of 496 articles that pertain to sustainability disclosures and corporate governance, spanning the period from 1995 to 2021. During this research endeavor, we made use of 'biblioshiny,' an interactive online interface made possible by R-Bibliometric studio's 3.0 toolset, to carry out a thorough Bibliometric analysis and conceptual exploration. Our investigation has discerned the Corporate Social Responsibility and Environmental Management journal as the foremost journal in terms of source impact. Notably, the centerpiece journal article emerges as 'Corporate Governance and Corporate Social Responsibility Disclosures,' which prominently features the burgeoning economies as a recurrently cited focal point. Examining the lexical landscape, our study spotlights the recurrent usage of specific terms across various elements, including abstracts, author-assigned keywords, additional keywords, and titles. The prevalent terms encompass 'corporate governance,' 'disclosures,' and 'sustainability.' meanwhile, Indonesia emerges as the most prolific contributor in terms of publications in this domain. In our pursuit of classifying the interconnected literature streams and ascertaining the evolving trends within corporate governance literature, we judiciously employed a conceptual framework. To this end, a co-occurrence network was meticulously constructed, elucidating four primary study streams: corporate governance, environmental reporting, sustainability, and corporate social responsibility disclosures. After thematic evaluation, we have developed a thematic map that is used for the understanding of the basic or transversal themes, emerging or declining themes, motor themes, and highly developed but isolated themes. These themes are used for future direction and highlighted the area that which have critical on the research areas. These thematic insights hold great potential for shaping future research directions and underscoring pivotal areas warranting profound investigation.