A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision Making
Behavioural finance combines psychology and economics to understand the anomalies of financial markets by examining human behaviour. There has been a significant global increase in research on behavioural biases and investment decisions. This paper aims to conduct a bibliometric analysis of behaviou...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Management & Finance, University of Colombo
2024-12-01
|
| Series: | Colombo Business Journal |
| Subjects: | |
| Online Access: | https://mgmt.cmb.ac.lk/cbj/wp-content/uploads/2024/12/1.-CBJ-V15I2-Behavioural-biases-in-investment.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841560308522418176 |
|---|---|
| author | Poonam Das Amit Kumar Das Sourav Acharjee |
| author_facet | Poonam Das Amit Kumar Das Sourav Acharjee |
| author_sort | Poonam Das |
| collection | DOAJ |
| description | Behavioural finance combines psychology and economics to understand the anomalies of financial markets by examining human behaviour. There has been a significant global increase in research on behavioural biases and investment decisions. This paper aims to conduct a bibliometric analysis of behavioural biases and investment decisions using literature from the Scopus database for the period from 1991 to 2022 using the VOSviewer software. The research findings confirm a substantial growth in research on behavioural biases and investment decisions between 2008 and 2022. The United States is the most influential country based on citation count, and Odean (1998) stands out as the most prominent author in this research field. Co-citation analysis identifies key clusters in “efficient market, behavioural biases, and trading frequency,” while bibliographic coupling highlights “Information processing and investors’ behavioural biases.” Co-occurrence analysis reveals gaps in research on financial literacy, personality traits, and optimism bias, suggesting future research opportunities. |
| format | Article |
| id | doaj-art-033933904dda42e5b22c5f0e13e4aa51 |
| institution | Kabale University |
| issn | 1800-363X 2579-2210 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Faculty of Management & Finance, University of Colombo |
| record_format | Article |
| series | Colombo Business Journal |
| spelling | doaj-art-033933904dda42e5b22c5f0e13e4aa512025-01-04T08:02:18ZengFaculty of Management & Finance, University of ColomboColombo Business Journal1800-363X2579-22102024-12-0115212710.4038/cbj.v15i2.174A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision MakingPoonam Das0https://orcid.org/0009-0007-6842-7122Amit Kumar Das1Sourav Acharjee2Department of Business Administration, Assam University, IndiaDepartment of Business Administration, Assam University, IndiaDepartment of Business Administration, Assam University, IndiaBehavioural finance combines psychology and economics to understand the anomalies of financial markets by examining human behaviour. There has been a significant global increase in research on behavioural biases and investment decisions. This paper aims to conduct a bibliometric analysis of behavioural biases and investment decisions using literature from the Scopus database for the period from 1991 to 2022 using the VOSviewer software. The research findings confirm a substantial growth in research on behavioural biases and investment decisions between 2008 and 2022. The United States is the most influential country based on citation count, and Odean (1998) stands out as the most prominent author in this research field. Co-citation analysis identifies key clusters in “efficient market, behavioural biases, and trading frequency,” while bibliographic coupling highlights “Information processing and investors’ behavioural biases.” Co-occurrence analysis reveals gaps in research on financial literacy, personality traits, and optimism bias, suggesting future research opportunities.https://mgmt.cmb.ac.lk/cbj/wp-content/uploads/2024/12/1.-CBJ-V15I2-Behavioural-biases-in-investment.pdfbibliometric analysisbehavioural biasesbehavioural financeinvestment decisions |
| spellingShingle | Poonam Das Amit Kumar Das Sourav Acharjee A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision Making Colombo Business Journal bibliometric analysis behavioural biases behavioural finance investment decisions |
| title | A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision Making |
| title_full | A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision Making |
| title_fullStr | A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision Making |
| title_full_unstemmed | A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision Making |
| title_short | A Bibliometric Analysis of Research in Behavioural Finance: Special Emphasis on Selected Behavioural Biases in Investment Decision Making |
| title_sort | bibliometric analysis of research in behavioural finance special emphasis on selected behavioural biases in investment decision making |
| topic | bibliometric analysis behavioural biases behavioural finance investment decisions |
| url | https://mgmt.cmb.ac.lk/cbj/wp-content/uploads/2024/12/1.-CBJ-V15I2-Behavioural-biases-in-investment.pdf |
| work_keys_str_mv | AT poonamdas abibliometricanalysisofresearchinbehaviouralfinancespecialemphasisonselectedbehaviouralbiasesininvestmentdecisionmaking AT amitkumardas abibliometricanalysisofresearchinbehaviouralfinancespecialemphasisonselectedbehaviouralbiasesininvestmentdecisionmaking AT souravacharjee abibliometricanalysisofresearchinbehaviouralfinancespecialemphasisonselectedbehaviouralbiasesininvestmentdecisionmaking AT poonamdas bibliometricanalysisofresearchinbehaviouralfinancespecialemphasisonselectedbehaviouralbiasesininvestmentdecisionmaking AT amitkumardas bibliometricanalysisofresearchinbehaviouralfinancespecialemphasisonselectedbehaviouralbiasesininvestmentdecisionmaking AT souravacharjee bibliometricanalysisofresearchinbehaviouralfinancespecialemphasisonselectedbehaviouralbiasesininvestmentdecisionmaking |