Recent trends in business financial risk – A bibliometric analysis

Abstract

The finance literature is giving more attention to financial frisk aspects. However, in literature, only a fragmented comprehension is known about the contextual influence of financial risk aspects of businesses. In this article, we contribute by carving out the intersections between Finance and Risk and analyze the production as well as visualize the evolution and trends of this field. In our research approach we use bibliometric technique to analyze 10 years of publications in Web of Science (WoS) database and present a comprehensive contextual picture of financial risk research. We analyzed 3024 publications by identifying the most prominent journals, authors, articles, countries and collaboration among authors and countries. Moreover, a co-occurrence analysis between authors, keywords and journal was done along as well as cluster analysis and thematic analysis is also performed to find the evolutionary trends. Our results showed that credit risk is the most trend topic over the last 10 years and performance and risk taking are two most inter-connected words using co-occurrence citation analysis. Our analysis showed that the corporate governance, financial crisis, financial innovation, and entrepreneurship are evolving themes and their occurrence is increasing and become more prominent in the in the domain of financial risk.

Keywords:

• Financial risk
• financial crisis
• Risk
• h-index
• co-occurrence analysis
• thematic analysis
• trend analysis

PUBLIC INTEREST STATEMENT

The study utilizes bibliometric analysis to show the recent trends and major themes in the domain of financial risk which is very important from academic and policy makers’ perspective. By analyzing various documents from a large number of sources, we obtain key knowledge that can help us to draw a clear picture of this this subject matter. Based on the results of this study we forecast that studies on corporate governance and financial innovation will dominate this domain in future.

Additional information

Funding

The authors received no direct funding for this research.

Notes on contributors

Ali Murad Syed

Ali Murad Syed is an Assistant Professor in College of Business Administration at University of Bahrain, Bahrain. His research focuses on financial risk management and corporate finance and has published several research papers on these topics. The current paper will help to forecast the future trends in the domain of financial risk.

Hana Saeed Bawazir

Hana Saeed Bawazir is the head of economics and finance department and an Assistant Professor in College of Business Administration at University of Bahrain, Bahrain. Her research focuses on financial markets and institutions, risk management and Insurance.