Published Online:January 2025
Product Name:The IUP Journal of Applied Finance
Product Type:Article
Product Code:IJAF030125
DOI:10.71329/IUPJAF/2025.31.1.110-127
Author Name:D P Warne and Rakesh Kumar
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:110-127
This study thoroughly examines scholarly literature concerning financial literacy and investment decisions. For the bibliometric analysis, it employs biblioshiny and VOSviewer to create visual representations and map out the bibliographic content of 180 scholarly papers extracted from the Scopus database. Publication patterns, influential research studies, leading authors, prominent journals, the most productive countries, and also the emerging research themes within the research field are analyzed. The analysis identifies significant growth of around 67% in scholarly publications in recent years. It also analyzes bibliographic coupling among countries, revealing that India has the highest research output, followed by the US and Indonesia, in this research domain. Moreover, the bibliometric approach demonstrates that the future research focus is shifting towards themes such as financial risk tolerance, investment experience, financial knowledge, financial attitude, behavioral finance, and stock market dynamics. These emerging themes indicate developing trends and areas within the literature that require further exploration, thereby indicating potential areas for future research.
In today’s financial age, financial literacy has emerged as a critical area of contemporary research, with its profound impact on the financial wellbeing of individuals, society, and the economy.