A bibliometric review of financial market integration literature
A bibliometric review of financial market integration literature
We undertake a meta-literature review on the topic of financial market integration (FMI), covering 260 articles from 1981 to 2021. Our review consists of quantitative analysis of bibliometric citations concomitant with qualitative analysis of content, towards a goal of identifying primary research streams and proposing directions for future research. We identify five research groups: (1) portfolio diversification with financial market integration; (2) general equity market integration; (3) financial market linkage with respect to crises and events; (4) time-varying financial market integration; and (5) co-movements and spillovers between commodities and financial markets; as well as present a wide array of future research directions. We conduct an extensive review of FMI literature, answering several questions: (1) What is the domain of FMI research?; (2) What are the influential aspects of top journals and authors, and the characteristics of the most studied topics?; (3) What are the past and current key research streams in FMI literature?; and (4) What are the substantial future relevant research questions to explore regarding FMI? Given the ongoing attention on financial market integration by both academicians and policy makers, our results should be of great interest.
Bibliometric citation analysis, Co-movement, Content analysis, Financial market integration, Linkages, Literature review, Meta-analysis, Portfolio diversification, Spillovers
Patel, Ritesh
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Goodell, John W.
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Oriani, Marco Ercole
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Paltrinieri, Andrea
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Yarovaya, Larisa
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March 2022
Patel, Ritesh
d835aa8d-c47b-4a6b-a9ec-6dcf62962f02
Goodell, John W.
5b95370b-3bc7-4ceb-adcc-1ba5255c3865
Oriani, Marco Ercole
4f955a07-9136-4287-b058-00204c725dec
Paltrinieri, Andrea
00b39745-570b-4883-bf24-249850c82e74
Yarovaya, Larisa
2bd189e8-3bad-48b0-9d09-5d96a4132889
Patel, Ritesh, Goodell, John W., Oriani, Marco Ercole, Paltrinieri, Andrea and Yarovaya, Larisa
(2022)
A bibliometric review of financial market integration literature.
International Review of Financial Analysis, 80, [102035].
(doi:10.1016/j.irfa.2022.102035).
Abstract
We undertake a meta-literature review on the topic of financial market integration (FMI), covering 260 articles from 1981 to 2021. Our review consists of quantitative analysis of bibliometric citations concomitant with qualitative analysis of content, towards a goal of identifying primary research streams and proposing directions for future research. We identify five research groups: (1) portfolio diversification with financial market integration; (2) general equity market integration; (3) financial market linkage with respect to crises and events; (4) time-varying financial market integration; and (5) co-movements and spillovers between commodities and financial markets; as well as present a wide array of future research directions. We conduct an extensive review of FMI literature, answering several questions: (1) What is the domain of FMI research?; (2) What are the influential aspects of top journals and authors, and the characteristics of the most studied topics?; (3) What are the past and current key research streams in FMI literature?; and (4) What are the substantial future relevant research questions to explore regarding FMI? Given the ongoing attention on financial market integration by both academicians and policy makers, our results should be of great interest.
Text
Financial Market Integration Paper
- Accepted Manuscript
More information
Accepted/In Press date: 9 January 2022
e-pub ahead of print date: 12 January 2022
Published date: March 2022
Additional Information:
Publisher Copyright:
© 2022 Elsevier Inc.
Keywords:
Bibliometric citation analysis, Co-movement, Content analysis, Financial market integration, Linkages, Literature review, Meta-analysis, Portfolio diversification, Spillovers
Identifiers
Local EPrints ID: 455098
URI: http://eprints.soton.ac.uk/id/eprint/455098
ISSN: 1057-5219
PURE UUID: a7792991-0a03-4969-97f7-91d996f98db0
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Date deposited: 09 Mar 2022 17:35
Last modified: 17 Mar 2024 07:09
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Contributors
Author:
Ritesh Patel
Author:
John W. Goodell
Author:
Marco Ercole Oriani
Author:
Andrea Paltrinieri
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