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Abstract
This research employs bibliometric methods, utilizing data from the Scopus database, as well as the Bibliometrix R-package (Biblioshiny) and VOSviewer analysis tools. The analysis showed that research on Financial Sustainability experienced significant growth with an annual growth rate of 8.84% from 1987 to 2025. The literature reviewed is relatively young and influential, with an average age of 5.92 years and 13.65 citations per document. The high diversity of keywords and international collaboration (21.86%) reflects the cross-national and interdisciplinary approach. The variety of document types also enriches understanding. Publication peaks occurred in 2023 and 2024, as the urgency of sustainability issues increased globally. The United States, Italy, and the United Kingdom are the main contributors, followed by a significant increase from Asian countries. The Journal of Cleaner Production is the main reference source. Key themes such as microfinance and social inclusion show that there is still room for further exploration in this field.
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References
- Ahmad, N., Ting, I. W. K., Tebourbi, I., & Kweh, Q. L. (2022). Non-linearity between family control and firm financial sustainability: moderating effects of CEO tenure and education. Eurasian Business Review, 12(4), 719–741. https://doi.org/10.1007/s40821-021-00197-7
- Aris, N. M., Auzair, S. M. D., Saleh, N. M., & Abdullah, M. (2024). Navigating sustainability: A bibliometric analysis of carbon management accounting. International Journal of Business and Society, 25(2), 440–460. https://doi.org/10.33736/ijbs.7599.2024
- Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/j.jbusres.2021.04.070
- Idris, A., Buniarto, E. A., & Suwarsono, B. (2025). Financial literacy and financial sustainability for future research agendas: A bibliometric analysis. WSB Journal of Business and Finance, 59(1), 46–59. https://doi.org/10.2478/wsbjbf-2025-0004
- Irianto, O., & Adiatma, T. (2023). Financial sustainability publication trend: A bibliometric study. Academic Journal of Interdisciplinary Studies, 12(5), 133–144. https://doi.org/10.36941/ajis-2023-0132
- Kamrani, P., Dorsch, I., & Stock, W. G. (2021). Do researchers know what the h-index is? And how do they estimate its importance?. Scientometrics, 126(7), 5489–5508. https://doi.org/10.1007/s11192-021-03968-1
- Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hróbjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., Moher, D. (2021). The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. BMJ Publishing Group, 372. https://doi.org/10.1136/bmj.n71
- Setiawan, D., Santoso, A., Asrihapsari, A., Brahmana, R. K., & Jaaffar, A. H. (2025). What do we know about carbon disclosure? A bibliometric analysis. Cogent Social Sciences, 11(1). https://doi.org/10.1080/23311886.2025.2453899
- Sulistiyanti, U., & Falikhatun, F. (2024). Carbon tax: A bibliometric analysis for future research in Indonesia. Jurnal Akuntansi and Auditing Indonesia, 27(2), 198–207. https://doi.org/10.20885/jaai.vol27.iss2.art8
- Sundarasen, S., Rajagopalan, U., & Ibrahim, I. (2024). Financial sustainability through literacy and retirement preparedness. Sustainability (Switzerland), 16(23). https://doi.org/10.3390/su162310692
- Wu, N., Zhao, J., Musah, M., Ma, Z., Zhang, L., Zhou, Y., Su, Y., Agyemang, J. K., Asiamah, J. A., Cao, S., Yao, L., & Li, K. (2023). Do liquidity and capital structure predict firms’ financial sustainability? a panel data analysis on quoted non-financial establishments in Ghana. Sustainability (Switzerland), 15(3). https://doi.org/10.3390/su15032240
- Zabolotnyy, S., & Wasilewski, M. (2019). The concept of financial sustainability measurement: A case of food companies from Northern Europe. Sustainability (Switzerland), 11(18). https://doi.org/10.3390/su11185139
References
Ahmad, N., Ting, I. W. K., Tebourbi, I., & Kweh, Q. L. (2022). Non-linearity between family control and firm financial sustainability: moderating effects of CEO tenure and education. Eurasian Business Review, 12(4), 719–741. https://doi.org/10.1007/s40821-021-00197-7
Aris, N. M., Auzair, S. M. D., Saleh, N. M., & Abdullah, M. (2024). Navigating sustainability: A bibliometric analysis of carbon management accounting. International Journal of Business and Society, 25(2), 440–460. https://doi.org/10.33736/ijbs.7599.2024
Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/j.jbusres.2021.04.070
Idris, A., Buniarto, E. A., & Suwarsono, B. (2025). Financial literacy and financial sustainability for future research agendas: A bibliometric analysis. WSB Journal of Business and Finance, 59(1), 46–59. https://doi.org/10.2478/wsbjbf-2025-0004
Irianto, O., & Adiatma, T. (2023). Financial sustainability publication trend: A bibliometric study. Academic Journal of Interdisciplinary Studies, 12(5), 133–144. https://doi.org/10.36941/ajis-2023-0132
Kamrani, P., Dorsch, I., & Stock, W. G. (2021). Do researchers know what the h-index is? And how do they estimate its importance?. Scientometrics, 126(7), 5489–5508. https://doi.org/10.1007/s11192-021-03968-1
Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hróbjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., Moher, D. (2021). The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. BMJ Publishing Group, 372. https://doi.org/10.1136/bmj.n71
Setiawan, D., Santoso, A., Asrihapsari, A., Brahmana, R. K., & Jaaffar, A. H. (2025). What do we know about carbon disclosure? A bibliometric analysis. Cogent Social Sciences, 11(1). https://doi.org/10.1080/23311886.2025.2453899
Sulistiyanti, U., & Falikhatun, F. (2024). Carbon tax: A bibliometric analysis for future research in Indonesia. Jurnal Akuntansi and Auditing Indonesia, 27(2), 198–207. https://doi.org/10.20885/jaai.vol27.iss2.art8
Sundarasen, S., Rajagopalan, U., & Ibrahim, I. (2024). Financial sustainability through literacy and retirement preparedness. Sustainability (Switzerland), 16(23). https://doi.org/10.3390/su162310692
Wu, N., Zhao, J., Musah, M., Ma, Z., Zhang, L., Zhou, Y., Su, Y., Agyemang, J. K., Asiamah, J. A., Cao, S., Yao, L., & Li, K. (2023). Do liquidity and capital structure predict firms’ financial sustainability? a panel data analysis on quoted non-financial establishments in Ghana. Sustainability (Switzerland), 15(3). https://doi.org/10.3390/su15032240
Zabolotnyy, S., & Wasilewski, M. (2019). The concept of financial sustainability measurement: A case of food companies from Northern Europe. Sustainability (Switzerland), 11(18). https://doi.org/10.3390/su11185139