Abstract
Financial intermediaries increase the efficiency of capital allocation by accumulating it between the parties to match the needs of all stakeholders. Due to market imperfections and information asymmetries, financial intermediaries have moved from traditional banking to intermediaries that are more complex: investment banks, pension funds, venture capital funds, mutual funds and hedge funds. The interrelation between intermediaries and economic indicators is a topic of discussion for many scholars around the world. The final opinion on this does not yet exist, because the hypotheses that are put forward are polar in nature. This study is based on the assumption that financial intermediaries have a positive impact on economic development. This study is aimed at bibliometric analysis by means of VOSviewer v.1.6.16 to identify key contextual areas of the research topic. The paper identifies numerous trends in the study of financial intermediation. The main national and foreign approaches to the studied concept are systematized. Key subject groups of the studied phenomenon are revealed. The most cited authors who worked in this direction are analyzed. Articles on key aspects of the study were clustered. The connection between the concepts of "financial intermediation" and "non-financial reporting" is revealed. Google Books Ngram Viewer and Google Trends analyzed the frequency of mentions of research concepts and the frequency of user queries. As a result, on the basis of 405 documents indexed by the Scopus database during 2012 - 2018, 6 clusters were identified, focusing on: the place of financial intermediaries in the financial system; role in ensuring financial stability; the prerequisites for the formation of this phenomenon; roles in the financial market; interactions between financial intermediaries and systemic risks; connection with shadow banking. The growing number of mentions of the research topic among Ukrainian and foreign scientists indicates an increased interest in the nature and role of this phenomenon.
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