Examining the influence of financial inclusion on investment decision: A bibliometric review

Examining the influence of financial inclusion on investment decision: A bibliometric review

2024 | Eko Pranajaya, Mohammad Benny Alexandri, Arianis Chan, Bambang Hermanto
This study examines the influence of financial inclusion on investment decisions through a bibliometric review of 161 publications from the Scopus database (2006–2023). Using tools like VOSviewer and Biblioshiny, the authors analyze co-citation, bibliographic coupling, keyword co-occurrence, and thematic mapping to identify key trends and research areas. The findings highlight that financial technologies (fintech) play a crucial role in enabling financial inclusion, with potential to drive positive social impact. The study emphasizes the importance of financial literacy, addressing fintech adoption challenges, and supporting entrepreneurship to maximize fintech benefits. It advocates for a comprehensive approach combining financial inclusion, individual attitudes, and fintech innovation to enhance access to financial services and expand investment opportunities. The study acknowledges limitations, such as reliance on a single database and exclusion of specific keywords, and suggests future research directions. Key research trends include the relationship between financial inclusion and economic development, the role of attitudes and expertise in economic growth, and the social impact of fintech. The study also identifies important themes such as microfinance, financial development, saving behavior, and capital structure, and highlights the significance of financial inclusion in promoting sustainable growth and addressing financial challenges. Overall, the study provides insights into the current state of financial inclusion research and suggests future research areas for academics and practitioners.This study examines the influence of financial inclusion on investment decisions through a bibliometric review of 161 publications from the Scopus database (2006–2023). Using tools like VOSviewer and Biblioshiny, the authors analyze co-citation, bibliographic coupling, keyword co-occurrence, and thematic mapping to identify key trends and research areas. The findings highlight that financial technologies (fintech) play a crucial role in enabling financial inclusion, with potential to drive positive social impact. The study emphasizes the importance of financial literacy, addressing fintech adoption challenges, and supporting entrepreneurship to maximize fintech benefits. It advocates for a comprehensive approach combining financial inclusion, individual attitudes, and fintech innovation to enhance access to financial services and expand investment opportunities. The study acknowledges limitations, such as reliance on a single database and exclusion of specific keywords, and suggests future research directions. Key research trends include the relationship between financial inclusion and economic development, the role of attitudes and expertise in economic growth, and the social impact of fintech. The study also identifies important themes such as microfinance, financial development, saving behavior, and capital structure, and highlights the significance of financial inclusion in promoting sustainable growth and addressing financial challenges. Overall, the study provides insights into the current state of financial inclusion research and suggests future research areas for academics and practitioners.
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