Monetary policy and corporate investment: a bibliometric analysis

Abstract

PurposeThis study presents a systematic review of the literature on monetary policy and corporate investment together with bibliometric analysis.Design/methodology/approachThis study selected 455 articles from databases, Scopus and Web of science and the papers are reviewed systematically to identify their theoretical and empirical contributions.FindingsThe results reveal that monetary policy can influence corporate investment. Post to the economic crisis (2008), there is an exponential growth in the number of publications. Berger, A., and Hubbard are the two prominent authors based on the highest citation score, whereas Marquez, R., and Vermuelen, P. are the two prolific authors, subject to their highest h-index. Journal of Banking & Finance was the top journal (total citations = 1482) and 5 publications.Practical implicationsThis study positively contributes to the comprehensive understanding of corporate investment, monetary policy transmission and firm capital structure choices.Originality/valueTo the best of the author’s knowledge, this is the first study that conducts a systematic review of the influence of monetary policy on corporate investment.