Narrow Results

The global financial crisis that followed Lehman Brothers’ declaration of bankruptcy in September 2008 critically highlighted the significance of research on systemic risk and macro-prudential supervision. Accordingly, this paper mainly analyzed the relationship between financial crises and the article output in financial crisis research through the application of bibliometrics. The occurrence of a financial crisis leads to changes in the output of articles on crisis and risks. Hence, we focused on bibliographic coupling (e.g., co-authorship, co-occurrence), data classification by risk type in this study (e.g., market risk, credit risk) and citation analysis (e.g., top 1% cited paper). Meanwhile, the analysis indicated the most relevant disciplines in financial crisis research. For example, the number of top 1% cited articles and citations, MARKET RISK documents and citations published the most papers. In other words, the market risk is valued in the financial risk literature.

The input–output table is comprehensive and detailed in describing national economic systems with abundance of economic relationships depicting information of supply and demand among industrial sectors. This paper focuses on how to quantify the degree of competition on the global value chain (GVC) from the perspective of econophysics. Global Industrial Strongest Relevant Network models are established by extracting the strongest and most immediate industrial relevance in the global economic system with inter-country input–output (ICIO) tables and then have them transformed into Global Industrial Resource Competition Network models to analyze the competitive relationships based on bibliographic coupling approach. Three indicators well suited for the weighted and undirected networks with self-loops are introduced here, including unit weight for competitive power, disparity in the weight for competitive amplitude and weighted clustering coefficient for competitive intensity. Finally, these models and indicators were further applied empirically to analyze the function of industrial sectors on the basis of the latest World Input–Output Database (WIOD) in order to reveal inter-sector competitive status during the economic globalization.

Synopsis

The research problem

This paper provides a semisystematic review of the literature on climate-related financial risk, with particular emphasis on whether that risk is adequately priced by financial markets and the implications of that risk assessment for financial reporting.

Motivation

This paper was motivated by a strong perception that financial markets have become increasingly exposed to the perils of climate change, and a concern for whether the rapid expansion of the literature on this topic sufficiently addresses financial markets’ correct pricing of the uncertainties inherent in these perils. Our particular goals were to understand the expansion of this literature, identify the originating and influential works that may have spurred this expansion, and provide new directions for research.

The research question

Our paper reviews the research on whether climate-related financial risk is adequately priced by the financial markets.

Target population

We examined a comprehensive sample of articles on climate-related financial risk published in the Financial Times’ Top 50 (FT50) accounting, finance, management, and business ethics journals over three decades, ending in 2022. Our analysis of the evolution of knowledge on climate-related financial risk also includes studies in non-FT50 journals (prior works) that may have spurred subsequent work in FT50 journals; non-FT50 journals (derivative works) that are inspired by the studies in FT50 journals; and set of studies that are similar to those in FT50 journals in terms of the topic (similar works) published in an array of non-FT50 journals.

Adopted methodology

We conducted a semisystematic review of knowledge flow based on bibliographic coupling, cocitation, and direct citation.

Analyses

We reviewed FT50 articles to examine the topics, methods, samples, and results. We compared FT50 articles with non-FT50 articles to explore their respective number of publications and average citations over time. We also examined the extent to which the FT50 and non-FT50 journals included accounting papers and the extent to which the top 20 papers, based on their impact (defined as the number of times a paper was considered an influential work by the FT50 journal papers), included accounting papers.

Findings

Compared to non-FT50 journals, we find that FT50 journals largely ignored climate-related financial risk until about 2010, and that the average citation of an FT50 publication was lower than a non-FT50 publication until around 2017. The fraction of FT50 and non-FT50 accounting journals publishing on climate-related financial risk remained low across all years. Moreover, the top 20 studies, based on their impact, included very few accounting papers. Our review of the content of the FT50 studies identifies traits of the literature that limit its generalizability, namely, a heavy emphasis on samples of U.S. corporations and the extensive use of association tests to develop the findings. Our review of the literature on the pricing effects of climate-related financial risk suggests that financial markets only partially price this risk and that fundamental questions relevant to policy remain unanswered.

Absorptive capacity (ACAP) is one of the most active themes in knowledge management literature. The topic is extensively mentioned in several relevant research fields, including innovation, organisational learning and strategic management. In this study, we employed bibliographic coupling to analyse the extant academic literature published in order to detect research fronts on the theme. Our sample includes 2,072 papers published in the last four years, which is in line with our basic intent to investigate the latest academic research. Papers included in the core research front highlight the role of ACAP as an organisational ability to assess new valuable knowledge, aiding the development of organisational capabilities. The role of knowledge absorption capacity in alliance networks, open innovation processes, intra-organisational learning, as well as exploratory and exploitative initiatives are the other relevant research fronts identified. We suggest the proposed implications of the analysis as material for further research on the theme.

Due to the availability of innovative financial products and services, financial engineering has expanded to include more practices and engineering techniques (FinTech, InsurTech, and other technologies). Financial engineering (FE) has succeeded through the stock market, financial instruments, and service developments. This study combines qualitative and quantitative approaches with bibliometric analysis to address a vacuum in financial literature. Co-citation, co-occurrence, and bibliographic coupling analysis techniques are used to make inferences about the structure of FE research in finance from January 2007 to December 2022. The study used 347 filtered research articles from the Scopus database and processed through VOS-Viewer and Biblioshiny through “R” to justify study objectives. The relevance of authors, journals, and organizations in a contemporary topic study is recognized using bibliometrics analysis. The study topic analysis revealed that modern portfolio theory acknowledges the importance of FE’s revolutionary products, such as FinTech and InsurTech, as recent advances in risk management techniques. Future research could take a multi-dimensional approach based on the current theme. New research themes emerged from the study, i.e., Financial Engineering and emerging financial markets and risk management, investment and financial crisis, FinTech, and InsurTech innovation, and Option pricing.

In this paper, we applied bibliometric methods to analyze the field of self-service technology (SST). Our goal was to identify the most impactful publications and journals, comprehend the key topics studied as well as the emerging trends and forecast future research trends in this domain. The Scopus database was used to extract 490 documents related to SST between 2000 and 2023. Our analyses include the most cited papers, sources of publications, bibliographic coupling, and topic modeling. As the body of literature continues to expand, we identified the most influential source “Journal of Service Marketing” which holds a prominent position in this area. The citation analysis revealed the highly influential papers that have made significant contributions to their respective fields. Notably, Meuter [Meuter, ML, AL Ostrom, RI Roundtree and MJ Bitner (2000). Self-Service Technologies: Understanding Customer Satisfaction with Technology-Based Service Encounters] in the realm of SST emerged as the most frequently cited paper, exerting substantial influence in academic literature. We applied bibliometric coupling in this field, which resulted in the discovery of seven clusters in SST. These clusters shed light on various aspects associated with these topics, offering valuable insights. The findings of this research offer valuable insights to study researchers by bringing clarity to this research field. Finally, the study presents the implications and recommendations for researchers. The findings of this paper offer valuable insights to study researchers by bringing clarity to the fields of the study.