Mapping the field of behavioural biases: a literature review using bibliometric analysis

Abstract

Research on behavioural biases has witnessed a momentous growth in the last two decades, supported by rising interest and publication thrust shown by academic scholars. Present study maps the academic literature on the role of behavioural biases in investment decision-making. With the help of bibliometric tools, the paper highlights the current state-of-the-art and identifies significant gaps in the existing literature on behavioural biases. Through keyword and reference searching approaches, the study retrieved 212 research papers from the Scopus database. Application of performance analysis techniques has helped in identification of influential journals, prolific authors, countries and affiliations enriching the literature on behavioural biases. Scientific mapping approaches such as bibliographic coupling and thematic mapping has provided valuable insights about the conceptual and intellectual structure of the field. Finally, the research directions proposed in this review will provide a roadmap for future research.