Bibliometric analysis of trends and patterns in capital structure research: A decade-long review (2012-2022)

Abstract

This study aims to comprehensively analyze capital structure research trends and patterns from 2012 to 2022, employing the esteemed Scopus database as its primary data source. Methodologically, a systematic screening process within Scopus identifies pertinent literature, while the analytical capabilities of VOS viewer are harnessed to dissect keyword occurrences and co-authorship networks. Key findings underscore a notable upsurge in publications dedicated to capital structure research, culminating in a pinnacle of scholarly activity in 2022. Notably, Rossi, M., emerges as the preeminent contributor in this academic discourse, boasting the highest volume of publications within this domain. This analysis assumes paramount importance, serving as a guiding compass for researchers navigating the intricate landscape of capital structure. It provides a comprehensive panorama of seminal articles, influential authors, prevalent research themes, and dominant countries of origin, encapsulating the core facets of capital structure research. However, it is imperative to acknowledge a limitation rooted in the exclusive reliance on the Scopus database, which, although prestigious, may inadvertently exclude valuable contributions not indexed within its confines. This study contributes significantly to the burgeoning field of capital structure research across diverse academic disciplines, shedding light on principal researchers and their global origins and thus underscoring the domain's universal relevance. By offering valuable insights, it is poised to inspire future corporate finance and capital structure advancements.