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Cryptocurrencies’ Impact on Accounting: Bibliometric Review

Author

Listed:
  • Georgiana-Iulia Lazea

    (Doctoral School of Economics and Business Administration, West University of Timisoara, 300115 Timisoara, Romania)

  • Ovidiu-Constantin Bunget

    (Department of Accounting and Audit, Faculty of Economics and Business Administration, West University of Timisoara, 300115 Timisoara, Romania)

  • Cristian Lungu

    (Department of Accounting and Audit, Faculty of Economics and Business Administration, West University of Timisoara, 300115 Timisoara, Romania)

Abstract

This bibliometric study explores the cryptocurrency accounting (CA) literature and the connections between authors, institutions, and countries where cryptocurrency activity involves transactions that must be legally recognized in accounting, ensure accuracy and reliability for auditing, and adhere to tax compliance. The design involves the selection of data from Web of Science Core Collection (WoS) and Scopus, published between 2007 and 2023. The technique helps identify influential publications, collaboration networks, thematic clusters, and trends in research on CA using tools VOSviewer, Biblioshiny, and MS Excel. The originality of the study lies in its dual role as a support for accounting professionals and academics to develop innovative solutions for the challenges posed by crypto technology across core accounting areas: financial and managerial accounting, taxation, and auditing. The findings offer insights into the themes mentioned, and even if the collaboration between the authors is not very developed, the innovation and public recognition of the subject could raise researchers’ interest. The limitation of the dataset is that it does not cover all relevant publications in a different period from the one in which the data were retrieved, 9–11 May 2024. This review might need periodic updates because the CA landscape is constantly changing.

Suggested Citation

  • Georgiana-Iulia Lazea & Ovidiu-Constantin Bunget & Cristian Lungu, 2024. "Cryptocurrencies’ Impact on Accounting: Bibliometric Review," Risks, MDPI, vol. 12(6), pages 1-39, June.
    • Handle: RePEc:gam:jrisks:v:12:y:2024:i:6:p:94-:d:1412335
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    References listed on IDEAS

    as
    1. Stern, Myles & Reinstein, Alan, 2021. "A blockchain course for accounting and other business students," Journal of Accounting Education, Elsevier, vol. 56(C).
    2. Borri, Nicola, 2019. "Conditional tail-risk in cryptocurrency markets," Journal of Empirical Finance, Elsevier, vol. 50(C), pages 1-19.
    3. McCallig, John & Robb, Alastair & Rohde, Fiona, 2019. "Establishing the representational faithfulness of financial accounting information using multiparty security, network analysis and a blockchain," International Journal of Accounting Information Systems, Elsevier, vol. 33(C), pages 47-58.
    4. Elie Bouri & Naji Jalkh & Peter Molnár & David Roubaud, 2017. "Bitcoin for energy commodities before and after the December 2013 crash: diversifier, hedge or safe haven?," Applied Economics, Taylor & Francis Journals, vol. 49(50), pages 5063-5073, October.
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