Citation: Marzuki, Ainulashikin, Fauzias Mat Nor, Nur Ainna Ramli, Mohamad Yazis Ali Basah, and Muhammad Ridhwan Ab Aziz. 2023. The Influence of ESG, SRI, Ethical, and Impact Investing Activities on Portfolio and Financial Performance—Bibliometric Analysis/Mapping and Clustering Analysis. Journal of Risk and Financial Management 16: 321. https:// doi.org/10.3390/jrfm16070321 Academic Editor: ¸ Stefan Cristian Gherghina Received: 8 June 2023 Revised: 28 June 2023 Accepted: 30 June 2023 Published: 6 July 2023 Copyright: © 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/). Journal of Risk and Financial Management Article The Influence of ESG, SRI, Ethical, and Impact Investing Activities on Portfolio and Financial Performance— Bibliometric Analysis/Mapping and Clustering Analysis Ainulashikin Marzuki, Fauzias Mat Nor *, Nur Ainna Ramli, Mohamad Yazis Ali Basah and Muhammad Ridhwan Ab Aziz Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Nilai 71800, Malaysia; ainulashikin@usim.edu.my (A.M.); nurainna.ramli@usim.edu.my (N.A.R.); yazis@usim.edu.my (M.Y.A.B.); ridhwan.aziz@usim.edu.my (M.R.A.A.) * Correspondence: fauzias@usim.edu.my Abstract: This paper aims to examine the publication metrics of literature related to the influential aspects of ESG (environmental, social, and governance), SRI (socially responsible investing), ethical, and impact investing on the portfolio and financial performance literature. It also seeks to identify major patterns and core themes in this topic and draw lessons from the past literature for future directions. Data from the SCOPUS database were used in this study. The ‘biblioshiny’ R package, also known as ‘bibliometrix 3.0’, was employed to conduct bibliometric analysis, utilising mapping and clustering techniques on 260 articles, in order to distil the comprehensive knowledge and identify emerging trends in ESG, SRI, ethical, and impact investing. The thematic map classified the ESG, SRI, ethical, impact investing and performance relationship themes into four categories of themes: niche themes (SRI, engagement and ESG), motor themes (corporate financial performance, corporate social performance, ESG, ESG factors, sustainability, performance, integrated reporting, gender diversity, and board size), emerging or declining themes (social responsibility, environmental performance, socially responsible investment, ethical investment, and SRI), and basic or transversal themes (financial performance, corporate social performance, ESG performance, environmental, social, and governance). Socially responsible investing, engagement, and ESG imply a position between niche themes and a highly developed topic/emerging or a decreasing theme, while the impact of COVID-19 on sustainability and financial performance implies a position between a highly developed topic/emerging or decreasing theme and a basic theme. The findings contribute to the enhanced understanding of ESG, SRI, ethical, impact investing and performance, which are crucial for an efficient capital market in promoting sustainability and sustainable development. The study offers vital practical implications and future research directions. Keywords: ESG; SRI; bibliometric analysis; publication metrics 1. Introduction Although there are important differences, the terms environmental, social, and gov- ernance (ESG), socially responsible investing (SRI), and impact investing are often used interchangeably. Besides typical financial indicators, ESG considers the company’s ESG activities (Zhou 2019). Additionally, SRI entails selecting or rejecting assets based on certain ethical standards (Zhou 2019). The SRI concept or responsible investment (RI) has emerged to be highly relevant among numerous investors in recent decades and gained increasing attention within academic literature (Derwall et al. 2011; Sievänen et al. 2013). As stated by the European Social Investment Forum (Eurosif 2016), SRI can be comprehended as a long-term-oriented investment method that targets integrating ESG factors into decisions concerning investments. In the economics literature, corporate social responsibility (CSR) is another commonly used term for ESG factors (Liang and Renneboog 2020; Gillan et al. J. Risk Financial Manag. 2023, 16, 321. https://doi.org/10.3390/jrfm16070321 https://www.mdpi.com/journal/jrfm