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Evolution of Financial Development Research: A Bibliometric Analysis

Author

Listed:
  • Servet Say

    (Vocational School of Social Sciences, Selcuk University, Konya 42130, Türkiye)

  • Mesut Dogan

    (Vocational School of Bozuyuk, Bilecik Seyh Edebali University, Bilecik 11100, Türkiye)

  • Daulen Abdeshov

    (Department Economics and Finance, Yessenov University, Aktau 130000, Kazakhstan)

  • Murat Tekbas

    (Department of Business Administration, Afyon Kocatepe University, Afyonkarahisar 03200, Türkiye)

  • Levent Sezal

    (Vocational School of Social Sciences, Kahramanmaras Sutcu Imam University, Kahramanmaras 46050, Türkiye)

  • Burhan Erdoğan

    (Vocational School of Yildizeli, Sivas Cumhuriyet University, Sivas 58140, Türkiye)

Abstract

This study aims to analyze publications on financial development between 1986 and 2023 using bibliometric analysis methods. The analysis, based on data obtained from the Web of Science database, utilizes bibliometric tools such as keyword analysis, author collaboration networks, citation analysis, and bibliographic coupling to identify trends, key authors, influential journals, and emerging research topics in the field. The results indicate that financial development research is predominantly concentrated in the fields of economics, environmental sciences, and business finance, with economics having the highest number of publications. A significant increase in publications is observed after 2014, particularly after the COVID-19 pandemic. VOSviewer and R Studio programs were chosen in the study due to their strengths in terms of functionality. According to the results, the countries with the most citations were China, the USA, and Pakistan. The most cited authors are Shahbaz M. with 3926 citations, Zingales I. with 3252 citations, and Oztürk I. with 2710 citations. The authors in the top two are also in the top two in terms of total link strength. The analysis shows that key themes such as economic growth, energy consumption, CO 2 emissions, and renewable energy have increasingly intersected with financial development, highlighting the growing focus on sustainability. China, Pakistan, and the USA are the most active countries in financial development research, with China leading both in terms of publication count and citations.

Suggested Citation

  • Servet Say & Mesut Dogan & Daulen Abdeshov & Murat Tekbas & Levent Sezal & Burhan Erdoğan, 2024. "Evolution of Financial Development Research: A Bibliometric Analysis," JRFM, MDPI, vol. 18(1), pages 1-19, December.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2024:i:1:p:10-:d:1555566
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    References listed on IDEAS

    as
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    3. Muhammad Khalid Anser & Muhammad Azhar Khan & Khalid Zaman & Abdelmohsen A. Nassani & Sameh E. Askar & Muhammad Moinuddin Qazi Abro & Ahmad Kabbani, 2021. "Financial development during COVID-19 pandemic: the role of coronavirus testing and functional labs," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-13, December.
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