“A Bibliometric Analysis of the Conceptual and Psychological Structure of the Investor’s Financial Behaviour.”
DOI: https://doie.org/10.10399/IJBE.2026426499
Ms. Sapna, Dr. Deergha Sharma, Dr. Ashima Saxena
Views: 105 | Downloads: 67
Keywords:
Behavioral finance, stock market, Investor Psychology, market efficiency, investor sentiments.
Abstract:
Over the past several decades, research on behavioral finance has expanded considerably, driven by growing scholarly interest in the psychological underpinnings of financial decision-making. To identify research gaps and propose future agendas, this study conducts a bibliometric analysis of the global literature on behavioral biases and investment decisions. Drawing on publications indexed in the Scopus database from 1991 to 2025, the study employs VOSviewer to analyze co-authorship networks, citation patterns, keyword co-occurrences, and thematic clusters.
The bibliometric dataset reveals the most influential publications, prolific authors, leading institutions, and key contributing countries in the domain of behavioral finance. Through co-occurrence and clustering techniques, the study maps the conceptual structure of behavioral biases—such as overconfidence, loss aversion, anchoring, and herding—as they relate to investor psychology.
The study underscores the psychological dimensions that shape investor decision-making, revealing how biases manifest across different research contexts and influence financial behavior. These findings offer a consolidated view of the field’s intellectual foundation and its thematic evolution.
By visualizing scholarly connections and identifying emerging research fronts, the study contributes to a deeper understanding of the theoretical and empirical development of behavioral finance. The results are valuable to finance scholars, behavioral economists, portfolio managers, and policymakers aiming to align future research with meaningful behavioral insights. This study not only synthesizes the existing literature but also highlights underexplored areas, thereby providing a structured agenda for future inquiry in the field.