BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026
BIBLIOMETRICS OF RESEARCH ON SUSTAINABILITY OF MSMES IN INDONESIA
Beni Handoyo1*.
Aulia Nur Fadhilah2 Universitas Sarjanawiyata Tamansiswa.
Indonesia Universitas Negeri Yogyakarta.
Indonesia *e-mail: benihndoyo@gmail.
Article History Received:
December 20, 2025 Revised & Accepted:
December 31, 2025 Available online:
April 1, 2026
ABSTRACT
Purpose: This study aims to analyze the development, structure, and thematic evolution of scientific publications related to the sustainability of Micro.
Small, and Medium Enterprises (MSME.
in Indonesia during the period 2017Ae2025.
Method: The research employs a bibliometric analysis approach using quantitative descriptive and evaluative techniques.
Bibliographic data were collected from the Dimensions database, covering journal articles Keywords:
and review papers relevant to MSME sustainability within the specified Bibliometric analysis.
The dataset was analyzed and visualized using VOSviewer to MSME sustainability.
examine publication trends, keyword co-occurrence, bibliographic Sustainability coupling, and collaboration patterns among authors, institutions, and Indonesia.
ESG
Finding: The results reveal a significant and consistent increase in publications on MSME sustainability, particularly after 2020, indicating growing academic attention to sustainability reporting, performance, and Indonesia-specific contexts.
Dominant themes include sustainability reporting, performance, and empirical evidence, while emerging topics such as financial sustainability.
COVID-19 impacts, and MSMEs have gained prominence in recent years.
However, topics such as ESG integration, green finance, circular economy, and advanced bibliometric studies remain relatively underexplored.
Novelty: This study provides a comprehensive and up-to-date bibliometric mapping of MSME sustainability research in Indonesia, highlighting intellectual structures, research trends, and gaps that have not been systematically examined in previous studies, thereby offering valuable insights for future research directions and policy formulation.
INTRODUCTION
Sustainability research has seen rapid growth in recent years, as evidenced by the significant growth in the number of interdisciplinary publications addressing sustainable development and its implementation in various economic and social contexts (Ding et al.
, 2018.
Mariappan, 2019.
Sweileh, 2.
Sustainability reporting has received significant attention as companies increasingly recognize the importance of integrating environmental, social, and governance (ESG) factors into their business strategies (Oshiana & Fitria, 2.
Reports will soon be viewed as a crucial tool for companies to transparently communicate their environmental, social, and governance performance to In Indonesia, the push for sustainability reporting is growing in line with increasing regulations and demands from investors and other stakeholders.
Sustainability reporting is defined as a report on an entity's economic, environmental, and social impacts (Achyani & Bai, 2.
A number of bibliometric studies have examined the contribution of Micro.
Small, and Medium Enterprises (MSME.
to sustainability, but most still focus on the global and cross-border context, thus not fully reflecting the dynamics of MSME sustainability in developing countries such as Indonesia (Aguinis, 2012.
Jamali & Lund-thomsen, 2.
These studies have not specifically explored the sustainability of MSMEs in Indonesia through a more detailed topical perspective, such as green innovation, circular economy, green financing, and social sustainability (Rizos et al.
, 2.
54 | e-ISSN: 3123-7924 | DOI: 10.
55587/ijbe.
BizNOMIC: International Journal of Business and Economics Vol.
1 No.
2 April 2026 Furthermore, previous studies have not placed sufficient emphasis on business sub-sectors, geographic regions, or MSME types in depth.
Furthermore, few studies have systematically examined the methodological approaches and sustainability indicators used in MSME research, so there are still research gaps related to method variation, the need for longitudinal studies, and the evaluation of MSME sustainability programs in Indonesia (Ben-amar & Mcilkenny, 2014.
Gunawan, 2.
Global climate change has heightened producer and consumer attention to the effectiveness of sustainability practices.
This has prompted business leaders to integrate sustainability principles into corporate operations and strategies.
Sustainability encompasses three main dimensions:
environmental, social, and economic, which demand ethical economic growth while preserving natural resources for future generations (Elkington.
, & Rowlands, 1.
Not only large corporations, but also MSMEs are required to adopt sustainable business practices in the face of increasingly stringent market and regulatory pressures (Rosini & Hakim, 2.
The application of sustainability principles encourages companies to grow while preserving the availability of natural resources.
This has led to the increasing practice of preparing sustainability reports, which integrate financial, environmental, and social aspects.
These reports help companies set goals, evaluate performance, and manage change to ensure sustainable operations (Ben-amar & Mcilkenny, 2.
Sustainability reporting has become a strategic issue in organizational development due to increasing societal demands on companies' social roles (Indriastuti & Chariri.
This study aims to analyze the development of scientific publications on the sustainability of MSMEs in Indonesia during the period 2017Ae2025 using a bibliometric approach.
This study maps publication trends, main themes, and collaboration patterns between authors and countries.
Furthermore, this study identifies specific topic clusters, such as green innovation, circular economy, green financing, social sustainability, and sustainability/ESG reporting practices in MSMEs, including variations in the most researched sub-sectors, geographic regions, and MSME types (Dafitri & Warman, 2.
This study also examines the methodological approaches and sustainability indicators used in MSME studies in Indonesia to uncover research gaps related to method variation, the need for longitudinal studies, and sustainability program evaluation.
The results are expected to formulate a further research agenda and provide recommendations for the development of MSME sustainability reporting practices that align with regulations and stakeholder demands (Suleman.
& Thalib, 2.
Number of Publications Figure 1 Graph of Number of Sustainability Publications .
Source: The Authors, 2025 55 | e-ISSN: 3123-7924 | DOI: 10.
55587/ijbe.
BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 This graph displays the development of the number of publications related to the sustainability of MSMEs in Indonesia during the period 2017 to 2025.
The data shows a consistent increase in publications every year, which illustrates that the topic of MSME sustainability is increasingly receiving attention in academic studies.
In the early years .
7Ae2.
, the number of publications was still relatively low, but began to experience a significant increase since 2020.
This increase is in line with the findings of previous bibliometric research which showed that sustainability issues began to become an important focus in business and management literature since 2020 (Bosi et al.
(Benameur & Shariff, 2.
A sharper increase in publications was observed in the 2021Ae2023 period, indicating that research on MSME sustainability is beginning to develop into a more established field of study.
This aligns with the growing scholarly attention to environmental, social, and governance (ESG) topics, sustainability reporting, and sustainable business practices in the small and medium enterprise sector (Singh et al.
, 2.
(Perdana et al.
, 2.
The peak of the surge occurred in 2024 and 2025, when publications reached their highest number during the observation period.
This surge reflects findings from international bibliometric studies that the past two years have shown a significant increase in sustainability-related research, particularly in developing country contexts.
Overall, the increasing publication trend in the graph reflects the dynamic development of knowledge in the field of MSME sustainability.
The high number of publications in recent years indicates that this issue is not only a focus for academics but is also increasingly linked to policy agendas, market demands, and the need for sustainability practices in the MSME sector.
Thus, the graph provides a comprehensive overview of the growth of scientific studies supporting the strengthening of sustainability practices in the MSME sector in Indonesia.
THEORETICAL FRAMEWORK AND HYPOTHESIS DEVELOPMENT
Sustainability in the context of economic activity refers to efforts to maintain a balance between achieving economic performance, environmental protection, and social responsibility This concept is widely known as the triple bottom line approach introduced by (Elkington.
, & Rowlands, 1.
Sustainability is understood as a development approach that balances economic, social, and environmental dimensions to meet current needs without compromising the ability of future generations (WCED, 1.
(Elkington, 1.
(Purvis, 2.
, which emphasizes that sustainability must encompass economic, environmental, and social dimensions in a balanced manner.
In practice, the economic dimension is often the top priority, while environmental and social aspects still tend to be in a secondary position, especially for small and medium-sized businesses (Grosvold & Brammer, 2007.
Jenkins, 2006.
Revell et al.
, 2.
Micro.
Small, and Medium Enterprises (MSME.
play a strategic role in the Indonesian economy, both in terms of contribution to Gross Domestic Product (GDP), employment, and economic equality (KemenKopUKM.
, 2021.
Tambunan, 2.
Therefore, the application of sustainability principles to MSMEs has become an increasingly important issue in academic discourse and public policy.
MSME sustainability is understood not only as the ability to survive economically, but also as a commitment to operating an environmentally friendly business and demonstrating social concern for the community and other stakeholders (Elkington, 1997.
Jenkins, 2.
In the context of sustainability, effectiveness and efficiency are two key concepts often used to assess business performance.
Effectiveness refers to the achievement of sustainability goals across the economic, environmental, and social dimensions, which are generally measured using absolute indicators (Schaltegger & Burritt, 2.
Meanwhile, efficiency describes the relationship between dimensions, for example between economic and environmental performance .
co-efficienc.
or between economic and social performance .
ocio-efficienc.
, which is measured through relative indicators or ratios (Lorenza, 2024.
Schaltegger et al.
, 2.
For MSMEs, achieving sustainable efficiency is a challenge in itself given the limitations of resources, capital, and access to technology (Johnson & Schaltegger, 2015.
Revell et al.
, 2.
56 | e-ISSN: 3123-7924 | DOI: 10.
55587/ijbe.
BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 The development of MSME sustainability studies is reflected in the increasing number of scientific publications addressing the topic (Johnson & Schaltegger, 2.
Previous studies have examined MSME sustainability from various perspectives, such as environmentally friendly practices, social responsibility, sustainable innovation, and the role of government policies in supporting business sustainability (Bos-brouwers, 2010.
Jenkins, 2006.
Revell et al.
, 2.
However, with the increasing number of publications, an approach capable of mapping research developments systematically and comprehensively is needed (Donthu et al.
, 2021.
Zupic, 2.
The bibliometric approach is one method used to analyze and evaluate the development of scientific literature quantitatively and qualitatively (Zupic, 2.
Bibliometric studies enable researchers to identify publication trends, author collaboration patterns, the most influential journals, and dominant research topics within a field of study (Cobo & Herrera, 2011.
Donthu et al.
, 2.
According to (Turkina & Oreshkin, 2.
, bibliometric analysis uses various indicators such as year of publication, author affiliation, document type, country of origin, number of citations, and research keywords to understand the structure and dynamics of a scientific field.
In MSME sustainability studies, bibliometrics plays a crucial role in mapping research directions, identifying research gaps, and identifying under-researched topics, particularly in the Indonesian context (Keshishian, 2009.
Tranfield et al.
, 2.
Bibliometric analysis also helps researchers understand the evolution of the concept of MSME sustainability over time, including the shift in research focus from economic aspects to the integration of environmental and social aspects (Cobo & Herrera, 2.
Thus, a bibliometric approach can provide a strong foundation for developing a more contextual and relevant MSME sustainability research agenda for Indonesia (Spence, 2.
The bibliometric analysis process is generally conducted using scientific databases such as Scopus.
Web of Science, or Dimensions, which provide structured publication and citation data (Mongeon, 2.
The Dimensions database, as explained by (Thelwall, 2.
, provides a broad range of metadata, including scientific articles, citations, and author collaboration information, enabling a more comprehensive bibliometric analysis.
The bibliometric data obtained is then analyzed and visualized using software such as VOSviewer, which is designed to map citation networks, collaborations, and keyword relationships in the scientific literature (Jan & Ludo, 2010.
Waltman et , 2.
Using a bibliometric approach, this study seeks to provide a comprehensive overview of the development of MSME sustainability research in Indonesia by mapping the knowledge structure, publication trends, and key emerging topics in the scientific literature (Cobo et al.
, 2.
The results of the analysis are expected to serve as a basis for further researchers in developing more in-depth and focused studies, particularly in addressing existing research gaps (Ramos-Rodryguez & RuyzNavarro, 2.
In addition to its academic contribution, the findings of this study are also expected to serve as a reference for policymakers in formulating strategies for sustainable MSME development (Min, 2017.
Tambunan, 2.
RESEARCH METHODOLOGY
This study aims to identify, analyze, and visualize the development of scientific publications related to the sustainability of Micro.
Small, and Medium Enterprises (MSME.
in Indonesia.
achieve this goal, this study uses a bibliometric analysis approach combined with bibliometric visualization techniques.
Bibliometric analysis is a quantitative research method that applies descriptive and evaluative techniques to examine patterns, structures, and trends in the scientific literature (Donthu et al.
, 2021.
Zupic, 2.
Meanwhile, bibliometric visualization techniques are used to provide a structural overview of the field of study by displaying relationships between publications, authors, keywords, and institutions (Cobo & Herrera, 2011.
Jan & Ludo, 2.
The data used in this study were obtained from the Dimensions database, which provides comprehensive scientific publication metadata, including title, abstract, keywords, authors, affiliations, publication year, and number of citations, thus supporting comprehensive bibliometric analysis (Gusenbauer, 2.
The data search process was conducted using predetermined keywords 57 | e-ISSN: 3123-7924 | DOI: 10.
55587/ijbe.
BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 according to the research topic, namely "sustainability.
" The publications analyzed cover the last 9 years .
allowing researchers to observe the development and evolution of research related to MSME sustainability over time.
The research sample consisted of journal articles and review articles indexed in the Dimensions database and matched with predetermined keywords.
The majority of the documents obtained were research articles, while a small number were review articles and other document types.
All selected publications were then analyzed using VOSviewer software, which allows for network visualization, overlay visualization, and density visualization.
These visualization techniques were used to analyze publication trends, keyword co-occurrence, author collaborations, institutional collaborations, and citation relationships in the field of MSME sustainability studies.
Indicators used in this bibliometric analysis include the number of publications, the number of citations, and the total link strength between items displayed in the visualization map.
These indicators were used to identify the most influential authors, journals, and institutions, as well as the dominant research themes in MSME sustainability studies in Indonesia.
Furthermore, this analysis also helped uncover emerging topics and research gaps that could provide opportunities for further Identification of SINTA 2-indexed Exporting article metadata in RIS Determining selected articles Collecting ISSN Selection of articles based on title Data processing using VOSviewer Searching data using Publish or Perish Entering ISSN numbers and Visualizing Determining research keywords Determining publication year Analysis and interpretation of results in analytical Figure 2 Stages of the Bibliometric Analysis Method Source: The Authors, 2025 Based on the bibliometric analysis framework in scientific mapping literature, this research was conducted through twelve main stages, systematically arranged.
The research process began with the identification of SINTA 2-indexed journals and the collection of ISSN numbers to ensure the validity and relevance of the data sources.
Next, data collection was conducted using Publish or Perish software, entering keywords related to MSME sustainability and limiting the publication year range to 2017Ae2025.
This stage generated an initial collection of publications, which were then selected based on the suitability of the title and research focus.
The selected publications were then exported in RIS format and underwent a further filtering process to determine a focused and representative final dataset.
The dataset was then processed using VOSviewer software, setting specific parameters and thresholds to minimize bias and improve mapping clarity.
Bibliometric analysis was conducted to identify author collaboration patterns, 58 | e-ISSN: 3123-7924 | DOI: 10.
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BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 institutional networks, journal sources, publication trends, and keyword co-occurrence in MSME sustainability studies.
The final stage of the research is the interpretation of the analysis results in the form of an analytical narrative.
The resulting bibliometric visualization is used to explain the knowledge structure, thematic clusters, and the dynamics of the development of MSME sustainability research in Indonesia.
Through this approach, the research is expected to provide a comprehensive overview of the direction and characteristics of MSME sustainability research and open up opportunities for future research development.
Initially, the Dimensions database yielded a large number of publications related to sustainability and MSMEs.
However, after filtering using more specific keywords and predetermined inclusion criteria, the number of publications analyzed was reduced to a final, relevant and manageable dataset.
This dataset then serves as the basis for the entire analysis and visualization process in this research.
Through this systematic approach, this bibliometric analysis is expected to provide a comprehensive overview of research trends, influential scientific contributions, and thematic developments in MSME sustainability studies in Indonesia.
Table 1 Number and Percentage of Sustainability .
Year Total Number of Publications Source: The Authors, 2025 Percentage 0,22 0,21 0,14 0,13 0,09 0,06 0,06 0,03 0,02 Based on the data presented in Table 1, a consistent upward trend in the number of scientific publications related to sustainability research and sustainability reporting in Indonesia is evident during the 2017Ae2025 period.
Peak research productivity was reached in 2025 with a total of 27 publications .
%), followed closely by 2024 with 26 publications .
%).
This surge demonstrates the growing academic attention to sustainability issues in recent years, particularly after 2022, which marked a phase of research acceleration.
In the initial period, 2017Ae2019, the number of publications was relatively limited, with totals of only 3, 4, and 8 articles, respectively.
This phase can be categorized as an embryonic stage, where sustainability studies were still exploratory and had not yet become mainstream in accounting and business research.
Entering 2020Ae2021, although growth remained moderate, a steady increase was observed, reflecting the beginnings of the establishment of a conceptual and empirical foundation for this topic.
A more significant increase occurred from 2022 to 2025, indicating a shift in sustainability from a peripheral issue to a strategic agenda in academic research, in line with increasing demands for transparency.
ESG implementation, and regulatory and stakeholder pressure.
This growth pattern not only reflects an increase in the quantity of publications but also indicates a deepening and maturing of the scientific discourse on sustainability reporting in Indonesia.
Therefore, the distribution of these publications serves as a relevant basis for determining the temporal scope of research and ensuring that the analysis captures the dynamics of research developments comprehensively and contextually.
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2 April 2026 Table 2 Authors and Journal of Publication Author Hasanah et al.
Latifah.
Sri Wahjuni & Luhur, .
Marwa et al.
Purwanti, .
Doktoralina et al.
Triwacananingru m, .
Purba et al.
Anna et al.
Latifah et al.
Rudyanto, .
Rangkuti & Yuliantoro, .
Sudana, .
Rani, .
Trianaputri, .
Putra et al.
Rosini & Hakim, .
Dinar Tri Wardhani, .
Falikhatun et al.
Wicaksono & Riantika, .
Desak Nyoman Sri Werastuti, .
Kurniawan, .
Journal Sample Number of Citations* 30 times Jurnal Reviu Akuntansi dan Keuangan Jurnal Akuntansi dan Bisnis 160 observations 35 financial services firms 90 times JRAK 5 companies 67 times Jurnal ASET (Akuntansi Rise.
Jurnal Akuntansi 9 times 65 from 13 53 times 15 times 42 winner 13 companies 79 times 630 observations 24 times 14 entity 17 times 7 times 107 firms 5 times 20 companies 37 times 5 sustainability 3 times 185 managers 5 times 414 as research 80 companies 12 times 237 accounting 94 students of 11 times 5 times AKRUAL: Jurnal Akuntansi Journal of Economics.
Business, &amp.
Accountancy Ventura Jurnal ASET (Akuntansi Rise.
Jurnal Reviu Akuntansi dan Keuangan Jurnal Akuntansi Multiparadigma Jurnal Akuntansi Multiparadigma Jurnal Akuntansi Multiparadigma Jurnal Akuntansi dan Bisnis Jurnal Akuntansi dan Keuangan Indonesia Journal of Economics.
Business, &amp.
Accountancy Ventura Riset Akuntansi dan Keuangan Indonesia Jurnal Kajian Akuntansi Jurnal Dinamika Akuntansi Jurnal Reviu Akuntansi dan Keuangan Jurnal Ilmiah Akuntansi dan Bisnis Jurnal Ilmiah Akuntansi dan Bisnis 60 | e-ISSN: 3123-7924 | DOI: 10.
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4 times 52 times 9 times 21 times BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 Author Journal Nugraheni et al.
Breliastiti, .
Jurnal Akuntansi &amp.
Auditing Indonesia The Indonesian Accounting Review Jurnal Dinamika Akuntansi dan Bisnis JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen Riset Akuntansi dan Keuangan Indonesia Media Riset Akuntansi.
Auditing &amp.
Informasi AKRUAL: Jurnal Akuntansi Ihsani et al.
Prasetya et al.
Indriastuti & Chariri, .
Herawaty et al.
Karlina & Khoiriyah, .
Trisnowati et al.
Rudyanto & Rudyanto, .
Endiana et al.
Wanta et al.
Budiarto et al.
Juwita & Honggowati, .
Probowulan, .
Trisnawati & Dwi, .
Erwin, .
Eriandani, .
Zarefar, .
Baroroh et al.
Theresia et al.
Rustam & Adil, .
Ruhiyat et al.
Sample Number of Citations* 8 times 5 times 32 companies 30 times 191 respondents 28 times 80 companies 20 times 11 banking 2 public higher 14 Islamic 13 times 306 companies 21 times 10 companies 6 times Journal of Economics.
Business, &amp.
Accountancy Ventura Journal of Accounting and Investment 193 MSMEs 37 times 70 companies 27 times Jurnal Akuntansi dan Keuangan The Sustainability of Pervasive Learning in Accounting Education:
Strategy in the Transition of AuMerdeka BelajarKampus MerdekaAy Jurnal Ilmiah Akuntansi
16 times 80 LQ45
26 times 267 companies 292 observations 10 times 38 companies 2 times 43 companies 12 times 36 observations 24 times 168 observations 26 times AKRUAL: Jurnal
Akuntansi
Jurnal Akuntansi dan Keuangan Indonesia
Jurnal Akuntansi dan Keuangan Indonesia
JRAK
Jurnal Ilmiah Akuntansi Jurnal Dinamika Akuntansi Jurnal Dinamika Akuntansi Media Riset Akuntansi.
Auditing &amp.
Informasi Jurnal Akuntansi Jurnal Reviu Akuntansi dan Keuangan 2 times 11 times 24 times 3 times 2 times 61 | e-ISSN: 3123-7924 | DOI: 10.
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BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 Author Journal Ardiana, .
Dewi et al.
Nuraina et al.
Soeherman & Itam, .
Triwacananingru m et al.
, .
Erfiansyah & Pratiwi, .
Eka et al.
, .
Jurnal Ilmiah Akuntansi dan Bisnis Jurnal Ilmiah Akuntansi dan Bisnis Assets: Jurnal Akuntansi dan Pendidikan Assets: Jurnal Akuntansi dan Pendidikan Jurnal Akuntansi dan Keuangan Indonesia Journal of Accounting and Investment Journal of Accounting Research.
Organization and Economics Jurnal Dinamika Akuntansi dan Bisnis Jurnal Ilmiah Akuntansi Number of Citations* 12 times 44 articles 9 times 2,425 firm years 1 times 1 times 16 times 11 times 157 cooperatives 1 times 20 BUMN 5 times 254 observations 6 times Jurnal Ilmiah Akuntansi 132 sustainability 4 times Jurnal ASET (Akuntansi Rise.
Jurnal Dinamika Akuntansi Jurnal Dinamika Akuntansi Jurnal Dinamika Akuntansi Media Riset Akuntansi.
Auditing &amp.
Informasi Jurnal Akuntansi 34 Indonesian 258 companies 18 times 315 observations 5 times 46 companies 8 times 269 companies 9 times 343 of MSME 6 times 2 times 30 respondents 26 times Rahmansyah et , .
Rahman et al.
Utami et al.
Lhutfi et al.
Tanputra et al.
Armadani & Zarefar, .
Hasanah et al.
Yehezkiel et al.
Heliani, .
Handayani & Negeri, .
Ardiana, .
Saputra et al.
Saraswati et al.
Nugrahani et al.
Daud et al.
Iqbal et al.
Alfarisa et al.
Alade et al.
Jurnal Reviu Akuntansi dan Keuangan Jurnal Ilmiah Akuntansi dan Bisnis Jurnal Ilmiah Akuntansi dan Bisnis Jurnal Ilmiah Akuntansi dan Bisnis Jurnal Akuntansi &amp.
Auditing Indonesia AKRUAL: Jurnal Akuntansi Assets: Jurnal Akuntansi dan Pendidikan The Indonesian Accounting Review Jurnal Dinamika Akuntansi dan Bisnis 62 | e-ISSN: 3123-7924 | DOI: 10.
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Sample 4 times 2 times 444 companies 9 times 19 articles 6 times 15 Companies 4 times 3 Companies 5 times 35 financial BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 Author Abdullah, .
Journal Sample 23 government Number of Citations* 3 times 5 farmer 79 Companies 1 times 339 observations 1 times Jurnal Ilmiah Akuntansi Jurnal ASET (Akuntansi Rise.
Jurnal Kajian Akuntansi 300 hotels 121 companies 35 times 17 article Jurnal Kajian Akuntansi 2 times Media Riset Akuntansi.
Auditing &amp.
Informasi 177 business entities was 94 companies 93 observations 68 observations 10 times Riset Akuntansi dan Keuangan Indonesia Atikah & Juanda.
Riset Akuntansi dan .
Keuangan Indonesia Oshiana & Fitria.
Riset Akuntansi dan .
Keuangan Indonesia Sambuaga, .
Jurnal Ilmiah Akuntansi Girindratama & Juwita, .
Adi et al.
, .
Mukti & Kusuma, .
Purwanti et al.
Kurniawan & Sawarjuwono, .
Eriandani et al.
Jurnal Ilmiah Akuntansi Hendi.
Winny, .
Yulias et al.
Atika & Simamora, .
Iskandar et al.
Wahyuni et al.
Media Riset Akuntansi.
Auditing &amp.
Informasi Media Riset Akuntansi.
Auditing &amp.
Informasi Jurnal Akuntansi Jurnal Reviu Akuntansi dan Keuangan Jurnal Reviu Akuntansi dan Keuangan 375 firms 4 times 14 accounting Ardianto et al.
Ramadhan et al.
Mardiana et al.
Febrian & Febrian, .
Wayan et al.
Annisa et al.
Aprillia & Elistia, .
Jurnal Akuntansi &amp.
Auditing Indonesia
AKRUAL: Jurnal
Akuntansi
Assets: Jurnal Akuntansi
dan Pendidikan Jurnal Akuntansi dan Keuangan Indonesia
Jurnal Akuntansi dan Keuangan Indonesia
JRAK
578 firm 4 times 30 companies 2 times 418 observations 40 companies 4 times 2 informan 2 times 40 MSMEs 4 times Journal of Economics.
Business, & Accountancy Ventura Journal of Economics.
Business, and Accountancy Ventura 291 respondents 2 times 51 companies Wijaya et al.
1 times 63 | e-ISSN: 3123-7924 | DOI: 10.
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BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 Author Journal Sample Khotimah et al.
144 observations Firmansyah et al.
141 respondents 2 times Achyani & Bai, .
Rachmawati, .
Wany, .
Journal of Economics.
Business, and Accountancy Ventura Journal of Accounting Research.
Organization, and Economics Riset Akuntansi dan Keuangan Indonesia Riset Akuntansi dan Keuangan Indonesia Jurnal Ilmiah Akuntansi Number of Citations* 6 times 110 companies 1 times Jurnal Akuntansi 170 bank 21 manufacturing 356 scientific 81 observations Jurnal Akuntansi 120 observations Jurnal Akuntansi 12 companies 3 times Jurnal Akuntansi 47 companies 3 times Jurnal Reviu Akuntansi dan Keuangan 240 observations Jurnal Reviu Akuntansi dan Keuangan Jurnal Reviu Akuntansi dan Keuangan Jurnal Reviu Akuntansi dan Keuangan Jurnal Akuntansi Multiparadigma Jurnal Akuntansi Multiparadigma Jurnal Akuntansi Multiparadigma Jurnal Akuntansi &amp.
Auditing Indonesia 183 companies 3 sustainability 60 observations 1 times 5 sustainability 227 observations 318 scientific documents/article 16 companies 282 observations 75 employee JRAK 102 observations 1 times JRAK 30 original Ekawarti et al.
Rahmawati & Hamzah, .
Ningly & Rahmadhani, .
Juliana & Sembiring, .
Mulyana et al.
Nugroho & Sabaruddin, .
Madhani et al.
Laili et al.
, .
105 Nur et al.
, .
106 Andajani & Riduwan, .
107 Wulandari et al.
108 Ayu et al.
, .
109 Rifqi et al.
110 Karunia et al.
111 Ramadana et al.
112 Hermawan et al.
113 Iznillah et al.
114 Usman et al.
Jurnal Ilmiah Akuntansi Jurnal Akuntansi &amp.
Auditing Indonesia
Jurnal Akuntansi dan Keuangan Indonesia
JRAK
64 | e-ISSN: 3123-7924 | DOI: 10.
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BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 Author 115 Muhammad et al.
116 Andajani & Riduwan, .
117 Mariah & Hamsyah, .
118 Ary et al.
, .
119 Suryatimur et al.
Journal Sample Number of Citations* JRAK 331 respondents Journal of Accounting and Investment Journal of Accounting and Investment Journal of Accounting and Investment Journal of Accounting and Investment 1 companies 71 companies 120 Musviyanti et al.
The Indonesian 2 companias .
Accounting Review
*) Citation calculations are based on Google Scholar up to December 17, 2025
Source: The Authors, 2025
RESULTS AND DISCUSSION
Figure 3 Network Visualization Source: The Authors, 2025 Figure 3 displays a network visualization of country bibliographic coupling, showing interconnections between countries based on the similarity of references used in publications related to sustainability and sustainability reporting in Indonesia.
At this stage, the analysis was conducted using a network visualization approach to identify countries with the strongest bibliographic Based on this visualization.
Indonesia appears to be the most dominant node and is located at the center of the network.
This indicates that the sustainability research analyzed in this study focuses heavily on the Indonesian context.
The large size of the Indonesian node reflects the high number of publications and the strength of the references' links to other themes in the network.
65 | e-ISSN: 3123-7924 | DOI: 10.
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BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 The visualization also shows the formation of several clusters, distinguished by color.
These clusters represent groups of countries with similar references and relatively similar research focuses.
The strong connection between Indonesia and themes such as sustainability reporting, performance, sustainability, and evidence indicates that research in Indonesia focuses not only on reporting aspects but also links them to performance, information value, and empirical evidence.
These findings demonstrate that sustainability research in Indonesia is developing comprehensively and integratedly.
Figure 4 Overlay Visualization of Institute Bibliographic Coupling Source: The Authors, 2025 The next image displays an overlay visualization of institutional bibliographic coupling, depicting institutional relationships based on reference similarities while also indicating the time dimension of publication.
The color of the nodes represents the year of publication, with darker colors indicating earlier publications and lighter colors indicating more recent publications.
The visualization results show that core topics such as sustainability reporting, sustainability, and performance are dominated by darker colors, indicating that these themes have been a focus of research since the early stages.
Meanwhile, nodes with lighter colors, such as financial sustainability.
COVID-19.
MSMS, and local government, represent relatively new topics that have developed in recent years.
These findings indicate a shift in the focus of sustainability research from a general approach to more contextual and specific issues.
This development demonstrates that sustainability research in Indonesia is increasingly responsive to changes in the economic, social, and policy environment, particularly in addressing the impact of the pandemic and strengthening the role of MSMEs and local 66 | e-ISSN: 3123-7924 | DOI: 10.
55587/ijbe.
BizNOMIC: International Journal of Business and Economics Vol.
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2 April 2026 Figure 5 Density Visualization of Journal Bibliographic Coupling Source: The Authors, 2025 The density visualization of journal bibliographic coupling shows the density of journal appearances and connections within the analyzed publications.
In this visualization, yellow indicates the highest density, while green and blue indicate lower densities.
Based on the visualization, the highest density areas are dominated by the keywords Indonesia, sustainability reporting, sustainability, and performance.
This indicates that these topics are the most frequently discussed main themes and have strong connections within the sustainability High density is also seen for the keywords evidence and quality, indicating increasing attention to information quality and empirical validity in sustainability research.
Conversely, topics such as ESG, bibliometric analysis, the hospitality industry, and intellectual capital are in areas with lower density.
This indicates that these topics are still relatively limited in research and have the potential to become future research agendas.
Thus, this density visualization not only identifies dominant themes but also reveals opportunities for future research
CONCLUSION AND RECOMMENDATIONS
Based on a bibliometric analysis of scientific publications from 2017Ae2025, this study concludes that studies on the sustainability of MSMEs in Indonesia have shown a significant and consistent growth trend, particularly since 2020.
The increase in the number of publications reflects the growing academic focus on sustainability issues, particularly those related to sustainability reporting, performance, and the Indonesian context.
Bibliographic network mapping shows that Indonesia is a major hub for research, with strong links between sustainability topics, empirical evidence, and information quality.
Furthermore, overlay and density visualizations indicate a shift in research focus from general themes to more specific and contextual issues, such as the financial sustainability of MSMEs, the impact of the pandemic, and the role of local governments.
However, the study also reveals significant research gaps.
Topics such as ESG in MSMEs, advanced bibliometric analysis, the circular economy, green financing, and the integration of sustainability with intellectual capital and specific industrial sectors remain relatively understudied.
In addition, the methodological approach in MSME sustainability research in Indonesia is still 67 | e-ISSN: 3123-7924 | DOI: 10.
55587/ijbe.
BizNOMIC: International Journal of Business and Economics Vol.
1 No.
2 April 2026 dominated by descriptive and cross-sectional studies, so that it has not been fully able to capture the long-term dynamics and real impacts of sustainability practices implemented by MSMEs.
Based on these findings, this study recommends that future research develop more diverse approaches, such as longitudinal studies, mixed methods, and comparative analyses across subsectors and regions.
Researchers are also encouraged to explore topics that are still understudied, particularly ESG and sustainability innovations applicable to MSMEs.
From a practical and policy perspective, the results of this study are expected to serve as a basis for the government and stakeholders in formulating policies, sustainability reporting guidelines, and more targeted and sustainable MSME mentoring programs.
DECLARATION OF ARTIFICIAL INTELLIGENCE USAGE
During the preparation of this manuscript, the author used Artificial Intelligence (AI) technology, namely ChatGPT, to assist in improving grammar, sentence formulation, and organizing ideas and writing frameworks.
The use of AI did not include scientific decision-making, data analysis, or drawing research conclusions.
All AI-generated output has been critically reviewed, edited, and independently verified by the author.
The author assumes full responsibility for the accuracy, originality, academic integrity, and entire content of the final manuscript.
The AI technology does not meet the authorship criteria and is not listed as an author in this publication.
CONFLICT OF INTEREST
The author declares that there is no conflict of interest, whether financial, personal, or professional, that could influence the research process, writing, or publication of this article.
FUNDING AND ACKNOWLEDGMENTS
This research was independently funded by the author.
The author would like to thank all parties who provided support, input, and assistance during the research process and preparation of this REFERENCES