momentum investing a systematic literature review and bibliometric analysis

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Journal of Economic and Administrative Sciences

ISSN : 1026-4116

Article publication date: 29 April 2021

Issue publication date: 1 December 2022

This study aims to recognize the current dynamics, prolific contributors and salient trends and propose future research directions in the area of alternative momentum investing.

Design/methodology/approach

The study uses a blend of electronic database and forward reference searching to ensure the incorporation of all the significant studies. With the help of the Scopus database, the present study retrieves 122 research papers published from 1999 to 2020.

The results reveal that alternative momentum investing is an emerging area in the field of momentum investing. However, this area has witnessed an exponential growth in last ten years. The study also finds that North American, West European and East Asian countries dominate in total research publications. Through network citation analysis, the study identifies five major clusters: industrial momentum, earnings momentum, 52-week high momentum, time-series momentum and risk-managed momentum.

Research limitations/implications

The present review will serve as a guide for financial researchers who intend to work on alternative momentum approaches. The study proposes several unexplored research themes in alternative momentum investing on which future studies can focus.

Originality/value

The study embellishes the existing literature on momentum investing by contributing the first bibliometric review on alternative momentum approaches.

• Alternative momentum
• Bibliometric analysis
• Systematic review

Acknowledgements

In the interest of transparency, data sharing and reproducibility, the author(s) of this article have made the data underlying their research openly available. It can be accessed using the following link: https://www.bibliometrix.org/Biblioshiny.html ; https://www.vosviewer.com/

Authors are thankful to Geetu Aggarwal and Dr. Pooja Goel for their help and guidance.

Singh, S. , Walia, N. , Saravanan, S. , Jain, P. , Singh, A. and jain, J. (2022), "Mapping the scientific research on alternative momentum investing: a bibliometric analysis", Journal of Economic and Administrative Sciences , Vol. 38 No. 4, pp. 619-636. https://doi.org/10.1108/JEAS-11-2020-0185

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Capital structure of SMEs: a systematic literature review and bibliometric analysis

• Published: 13 November 2019
• Volume 70 , pages 535–565, ( 2020 )

Cite this article

• Satish Kumar   ORCID: orcid.org/0000-0001-5200-1476 1 ,
• Riya Sureka 1 &
• Sisira Colombage 2  

4986 Accesses

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Capital structure is the outcome of market conditions, financial decisions taken by the firm, and credit rationing of fund providers. Research on the capital structure of small and medium enterprises (SMEs) has gained momentum in recent years. The present study aims to identify key contributors, key areas, current dynamics, and suggests future research directions in the field of the capital structure of SMEs. This paper adopts a systematic literature review methodology along with bibliometric, network, and content analysis on a sample of 262 studies taken from the Web of Science database to examine the research activities that have taken place on this topic. Most influential papers are identified based on citations and PageRank, along with the most influential authors. The co-citation network is developed to see the intellectual structure of this research area. Applying bibliometric tools, four research clusters have been identified and content analysis performed on the papers identified in the clusters. It is found that the major research focus in this area is around theory testing—mainly, pecking order theory, trade-off theory, and agency theory. Determinants of capital structure, trade credit, corporate governance, and bankruptcy are also the prominent research topics in this field. Also, this study has identified the research gaps and has proposed five actionable research directions for the future.

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Kumar, S., Sureka, R. & Colombage, S. Capital structure of SMEs: a systematic literature review and bibliometric analysis. Manag Rev Q 70 , 535–565 (2020). https://doi.org/10.1007/s11301-019-00175-4

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Received : 03 July 2019

Accepted : 06 November 2019

Published : 13 November 2019

Issue Date : November 2020

DOI : https://doi.org/10.1007/s11301-019-00175-4

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Home > JOURNAL > Vol. 2 (2021) > No. 2

What is New in Value Investing? A Systematic Literature Review

Florencia Roca , Universidad Francisco Marroquín Follow

This study provides an overview of the academic research in the field of Value Investing (VI), identifying the knowledge structure, influential authors, connections between relevant papers, and salient trends. Following a defined protocol, the Google Scholar database is examined to extract, rank, and connect influential books and academic articles in VI. Through a systematic literature review methodology, this study retrieves a database of 400 academic works published between 1965 and 2020. Using rigorous bibliometric and visualization tools, it identifies four major research clusters: (1) competing explanations of the value premium, (2) anomalies research, (3) momentum and fundamentals, and (4) wrong beliefs on investing. Contributions of this work include a catalog of existing approaches that may help researchers and practitioners navigate the VI literature, a map of the connections between influential publications, a suggestion of a list of “must-read” publications in VI, a content analysis of clusters of most relevant papers, the identification of leading authors, and the detection of areas for future research.

Recommended Citation

Roca, Florencia (2021) "What is New in Value Investing? A Systematic Literature Review," Journal of New Finance : Vol. 2: No. 2, Article 2. DOI: 10.46671/2521-2486.1018 Available at: https://jnf.ufm.edu/journal/vol2/iss2/2

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