A Bibliometric Analysis of Financial Management Behavior Literature Using the Scopus Database

Abstract

The financial management behavior research has garnered increasing attention, while a comprehensive understanding of its evolving trends and knowledge gaps remains elusive. The study addresses this gap by conducting a bibliometric analysis of 389 publications on the topic published in the Scopus database between 1969 and 2022. Data is analysed using the Biblioshiny R package through co-citation patterns, keyword co-occurrence, and publication trends. The findings reveal a significant surge in publications since 2007, with a slight dip in 2013. Additionally, the research identified three dominant research clusters: investor psychology and decision-making, financial literacy and education, and behavioral interventions for sustainable financial behavior. This study not only sheds light on the dynamic landscape of financial management behavior research but also highlights promising avenues for future investigation and potential applications in promoting sound financial decision-making.