Journal article
How far have we come and where should we go after 30+ years of research on Africa's emerging financial markets? A systematic review and a bibliometric network analysis
Emerging markets review, v 55
Jun 2023
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
In this study, we perform a systematic literature review and a bibliometric network analysis of studies on Africa's financial markets from 1992 to 2021. The findings are as follows. First, we observe a steady growth of financial markets research in Africa over the 30-year period under consideration, which is suggestive of increasing interest and commitment to research on financial markets in Africa. Additionally, we note a lack of collaboration between or among researchers of financial markets studies in Africa, which implies very little knowledge exchange, ideas sharing, and innovations. We identify seven major areas of research based on the thematic network and content analysis, which are as follows: (i) asset pricing, (ii) financial integration, (iii) contagion, herding and extreme global events, (iv) efficiency and predictability of stock returns, (v) market interdependencies-sources and channels, (vi) portfolio diversification and risk management strategies, and (vii) impact of economic and financial news. We offer several avenues for future research that can set the agenda for financial market research in Africa in the coming years.
•We present a comprehensive overview of financial market research on Africa.•We perform a systematic literature review and a bibliometric network analysis.•We find an increase in interest and commitment to research on Africa's financial markets.•We identify seven major areas of research on Africa's emerging equity markets.•We offer several avenues for future research on Africa's emerging equity markets.
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Details
- Title
- How far have we come and where should we go after 30+ years of research on Africa's emerging financial markets? A systematic review and a bibliometric network analysis
- Creators
- David Adeabah - University of GhanaEmmanuel Joel Aikins Abakah - University of GhanaAviral Kumar Tiwari - Indian Institute of Management Bodh Gaya, Bodh Gaya, Bihar, IndiaShawkat Hammoudeh
- Publication Details
- Emerging markets review, v 55
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000990692600001
- Scopus ID
- 2-s2.0-85152745180
- Other Identifier
- 991020431209104721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Business, Finance
- Economics