Title: Behavioural finance research and knowledge mapping: a comprehensive bibliometric analysis from 2010 to 2022

Authors: Anshita Bihari; Manoranjan Dash; Padma Charan Mishra; Sukumar Dash

Addresses: Institute of Business and Computer Studies, Siksha O Anusandhan (Deemed to be University), Khandagiri, Bhubaneswar, Odisha, India ' Faculty of Management Science, Institute of Business and Computer Studies, Siksha O Anusandhan (Deemed to be University), Bhubaneswar, Odisha, India ' The Bisra Stone Lime Company Limited, Biramitrapur, Sundargarh, Odisha, 770033, India ' KIIT School of Rural Management, KIIT (Deemed to be University), Bhubaneswar, Odisha, India

Abstract: The study aims to explore the patterns and connections in the behavioural biases and investment decisions of existing literature on the Web of Science database using Science mapping and performance analysis tools. This study selected 512 research papers from the Web of Science database published between 2010 and 2022 after deep screening - all influential authors with their citations exposed along with top journals. The pattern of the papers highlighted and the connection between literatures gives direction for future research. Publication on behavioural biases and investment decisions increased since 2016. The Journal of Behavioural Finance is leading in published documents, the Journal of Financial Economics has the highest citation count, and the USA is the top country in publications and citations. The outcome of this study provides valuable insights into the intellectual structure of biases of investors and adds value to the existing knowledge. This review offers knowledge and theories for the behavioural finance discipline and provides a road map for the future trend of research on behavioural biases and investment decisions.

Keywords: knowledge mapping; behavioural biases; investment decision; bibliometric analysis.

DOI: 10.1504/IJADS.2025.143076

International Journal of Applied Decision Sciences, 2025 Vol.18 No.1, pp.40 - 63

Received: 08 Jun 2023
Accepted: 11 Jul 2023
Published online: 03 Dec 2024 *

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