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A BIBLIOMETRIC ANALYSIS ON SAFE HAVEN ASSETS WITH VOSVIEWER

Year 2024, Volume: 25 Issue: 2, 394 - 414, 30.06.2024
https://doi.org/10.53443/anadoluibfd.1244196

Abstract

The aim of this study is to make a bibliometric analysis of studies on safe haven assets. For this purpose, 823 studies on safe haven assets from Scopus, which is the Elsevier database, between 1987-2023 were examined with the VOSviewer software program. According to the results obtained, the most publishing in this field; country is USA, institutions is University of Economics Ho Chi Minh City, author is Elie Bouri. Looking at the number of citations Most cited author is Dirk G. Baur, study is “Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold”, and the journal is Finance Business Letters. The most used keyword in these studies is “safe haven”. In the study, the country, journal, article and author citations were mapped with the VOSviewer software and revealed in the findings section. This study provides a general framework for researchers who will conduct studies on safe haven assets. At the same time, this study is the first study to conduct a bibliometric analysis of the studies on safe haven assets.

References

  • Alsmadi, A., Alrawashdeh, N., Al-Dweik, A., & Al-Assaf, M. (2022). Cryptocurrencies: A bibliometric analysis. International Journal of Data and Network Science, 6(3), 619-628. doi: 10.5267/j.ijdns.2022.4.011
  • Ayaz, N., & Türkmen, B. M. (2018). Yöresel yiyecekleri konu alan lisansüstü tezlerin bibliyometrik analizi. Gastroia: Journal of Gastronomy and Travel Research, 2(1), 22-38. doi: 10.32958/gastoria.411345
  • Aysan, A. F., Demirtaş, H. B., & Saraç, M. (2021). The ascent of bitcoin: Bibliometric analysis of bitcoin research. Journal of Risk and Financial Management, 14(9), 1-15. https://doi.org/10.3390/jrfm14090427
  • Azmi, W., Ng, A., Dewandaru, G., & Nagayev, R. (2019). Doing well while doing good: The case of Islamic and sustainability equity investing. Borsa Istanbul Review, 19(3), 207-218. doi: 10.1016/j.bir.2019.02.002
  • Baur, D. G., & McDermott, T. K. (2010). Is gold a safe haven? International evidence. Journal of Banking & Finance, 34(8), 1886-1898. doi: 10.1016/j.jbankfin.2009.12.008
  • Baur, D. G., & McDermott, T. K. (2016). Why is gold a safe haven?. Journal of Behavioral and Experimental Finance, 10, 63-71. doi: 10.1016/j.jbef.2016.03.002
  • Baur, D. G., & Lucey, B. M. (2010). Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold. Financial Review, 45(2), 217-229. doi: 10.1111/j.1540-6288.2010.00244.x
  • Beckmann, J., Berger, T., & Czudaj, R. (2015). Does gold act as a hedge or a safe haven for stocks? A smooth transition approach. Economic Modelling, 48, 16-24. doi: 10.1016/j.econmod.2014.10.044
  • Biancone, P. P., Saiti, B., Petricean, D., & Chmet, F. (2020). The bibliometric analysis of Islamic banking and finance. Journal of Islamic Accounting and Business Research, 11(9), 2069-2086.
  • Bouoiyour, J., Selmi, R., & Wohar, M. E. (2019). Safe havens in the face of Presidential election uncertainty: A comparison between Bitcoin, oil and precious metals. Applied Economics, 51(57), 6076-6088.
  • Capie, F., Mills, T. C., & Wood, G. (2005). Gold as a hedge against the dollar. Journal of International Financial Markets, Institutions and Money, 15(4), 343-352. doi: 10.1016/j.intfin.2004.07.002
  • Chang, C. C., & Ho, Y. S. (2010). Bibliometric analysis of financial crisis research. African Journal of Business Management, 4(18).
  • Cheema, M. A., Faff, R., & Szulczyk, K. R. (2022). The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets? International Review of Financial Analysis, 83, 1-13. doi: 10.1016/j.irfa.2022.102316
  • Chen, K., & Wang, M. (2019). Is gold a hedge and safe haven for stock market? Applied Economics Letters, 26(13), 1080-1086. doi: 10.1080/13504851.2018.1537469
  • Coudert, V., & Raymond, H. (2011). Gold and financial assets: are there any safe havens in bear markets. Economics Bulletin, 31(2), 1613-1622.
  • Csako, G. (2007). Analysis ofthe most highly cited articles from the 50-year history of CCA. Clinica Chimica Acta, 375(1/2), 43-48.
  • Fairthorne, R. A. (1969). Empirical hyperbolic distributions (Bradford‐Zipf‐Mandelbrot) for bibliometric description and prediction. Journal of Documentation, 25(4), 319-343.
  • Goodell, J. W., Kumar, S., Lahmar, O., & Pandey, N. (2023). A bibliometric analysis of cultural finance. International Review of Financial Analysis, 85, 1-13. doi: 10.1016/j.irfa.2022.102442
  • Habib, M. M., & Stracca, L. (2015). Is there a global safe haven? International Finance, 18(3), 281-298. doi: 10.1111/infi.12078
  • Hasan, M. B., Hassan, M. K., Rashid, M. M., & Alhenawi, Y. (2021). Are safe haven assets really safe during the 2008 global financial crisis and COVID-19 pandemic? Global Finance Journal, 50, 1-11. doi: 10.1016/j.gfj.2021.100668
  • He, Z., Krishnamurthy, A., & Milbradt, K. (2019). A model of safe asset determination. American Economic Review, 109(4), 1230-1262. doi: 10.1257/aer.20160216
  • Hkiri, B., Hammoudeh, S., Aloui, C., & Yarovaya, L. (2017). Are Islamic indexes a safe haven for investors? An analysis of total, directional and net volatility spillovers between conventional and Islamic indexes and importance of crisis periods. Pacific-Basin Finance Journal, 43, 124-150. doi: 10.1016/j.pacfin.2017.03.001
  • Jalal, R. N. U. D., Alon, I., & Paltrinieri, A. (2021). A bibliometric review of cryptocurrencies as a financial asset. Technology Analysis & Strategic Management, 1-16. https://doi.org/10.1080/09537325.2021.1939001
  • Klein, T. (2017). Dynamic correlation of precious metals and flight-to-quality in developed markets. Finance Research Letters, 23, 283-290.
  • Li, S., & Lucey, B. M. (2017). Reassessing the role of precious metals as safe havens–What colour is your haven and why? Journal of Commodity Markets, 7, 1-14. doi: 10.1016/j.jcomm.2017.05.003
  • McCown, J. R., & Zimmerman, J. R. (2006). Is gold a zero-beta asset? Analysis of the investment potential of precious metals. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=920496 adresinden erişild.
  • Merediz-Solà, I., & Bariviera, A. F. (2019). A bibliometric analysis of bitcoin scientific production. Research in International Business and Finance, 50, 294-305. doi: 10.1016/j.ribaf.2019.06.008
  • Mustafa, M. I., Rusydiana, A. S., Bahri, M. S., & Nasution, A. A. (2021). Bibliometric review on gold currency and The Islamic perspective. Library Philosophy and Practice, 1-13.
  • Pattnaik, D., Hassan, M. K., DSouza, A., & Ashraf, A. (2023). Investment in gold: A bibliometric review and agenda for future research. Research in International Business and Finance, 64, 1-17. https://doi.org/10.1016/j.ribaf.2022.101854
  • Paule-Vianez, J., Gómez-Martínez, R., & Prado-Román, C. (2020). A bibliometric analysis of behavioural finance with mapping analysis tools. European Research on Management and Business Economics, 26(2), 71-77. doi: 10.1016/j.iedeen.2020.01.001
  • Pritchard, J. (1969). Statistical bibliography or bibliometrics? Journal of Documentation, 25(4), 348-349.
  • Reboredo, J. C. (2013). Is gold a safe haven or a hedge for the US dollar? Implications for risk management. Journal of Banking & Finance, 37(8), 2665-2676. doi: 10.1016/j.jbankfin.2013.03.020
  • Shahzad, S. J. H., Bouri, E., Roubaud, D., & Kristoufek, L. (2020). Safe haven, hedge and diversification for G7 stock markets: Gold versus bitcoin. Economic Modelling, 87, 212-224. doi: 10.1016/j.econmod.2019.07.023
  • Smales, L. A. (2019). Bitcoin as a safe haven: Is it even worth considering? Finance Research Letters, 30, 385-393.
  • Stensås, A., Nygaard, M. F., Kyaw, K., & Treepongkaruna, S. (2019). Can Bitcoin be a diversifier, hedge or safe haven tool? Cogent Economics & Finance, 7(1), 1593072.
  • Paule-Vianez, J., Gómez-Martínez, R., & Prado-Román, C. (2020). A bibliometric analysis of behavioural finance with mapping analysis tools. European Research on Management and Business Economics, 26(2), 71-77.
  • Wen, X., & Cheng, H. (2018). Which is the safe haven for emerging stock markets, gold or the US dollar?. Emerging Markets Review, 35, 69-90. doi: 10.1016/j.ememar.2017.12.006
  • Xu, X., Chen, X., Jia, F., Brown, S., Gong, Y., & Xu, Y. (2018). Supply chain finance: A systematic literature review and bibliometric analysis. International Journal of Production Economics, 204, 160-173. https://doi.org/10.1016/j.ijpe.2018.08.003
  • Yue, Y., Li, X., Zhang, D., & Wang, S. (2021). How cryptocurrency affects economy? A network analysis using bibliometric methods. International Review of Financial Analysis, 77, 1-12. doi: 10.1016/j.irfa.2021.101869
  • Zhang, D., Zhang, Z., & Managi, S. (2019). A bibliometric analysis on green finance: Current status, development, and future directions. Finance Research Letters, 29, 425-430.
  • Zhou, S., & Meng, X. (2023). Are government bonds still safe havens in the context of COVID-19? Applied Economics Letters, 30(1), 14-18.

GÜVENLİ LİMAN VARLIKLAR ÜZERİNE VOSVIEWER İLE BİBLİYOMETRİK BİR ANALİZ

Year 2024, Volume: 25 Issue: 2, 394 - 414, 30.06.2024
https://doi.org/10.53443/anadoluibfd.1244196

Abstract

Bu çalışmanın amacı güvenli liman varlıklar üzerine yapılan çalışmaların bibliyometrik analizini yapmaktır. Bu amaç doğrultusunda Elsevier veri tabanı olan Scopus’tan güvenli liman varlıklara yönelik 1987-2023 tarihleri arasında yapılan 823 çalışma VOSviewer yazılım programıyla incelenmiştir. Elde edilen sonuçlara göre bu alanda en çok yayın yapan ülke ABD, kurum University of Economics Ho Chi Minh City, yazar ise Elie Bouri’dir. Atıf sayılarına bakıldığında En çok atıf alan yazar Dirk G. Baur, çalışma “Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold”, dergi ise Finance Business Letters’dır. Bu çalışmalarda en çok kullanılan anahtar sözcük ise “safe haven” dır. Çalışmada ayrıca ülke, dergi, makale ve yazar atıflarının VOSviewer yazılımıyla haritalaması çıkarılarak bulgular kısmında ortaya konulmuştur. Bu çalışma güvenli liman varlıklar üzerine çalışma yapacak olan araştırmacılara bu alanda yapılmış olan çalışmalar hakkında genel bir çerçeve bilgi sunmaktadır. Aynı zamanda bu çalışma güvenli liman varlıklar üzerine yapılan çalışmaların bibliyometrik açıdan incelenmesini yapan ilk çalışma özelliği göstermektedir.

References

  • Alsmadi, A., Alrawashdeh, N., Al-Dweik, A., & Al-Assaf, M. (2022). Cryptocurrencies: A bibliometric analysis. International Journal of Data and Network Science, 6(3), 619-628. doi: 10.5267/j.ijdns.2022.4.011
  • Ayaz, N., & Türkmen, B. M. (2018). Yöresel yiyecekleri konu alan lisansüstü tezlerin bibliyometrik analizi. Gastroia: Journal of Gastronomy and Travel Research, 2(1), 22-38. doi: 10.32958/gastoria.411345
  • Aysan, A. F., Demirtaş, H. B., & Saraç, M. (2021). The ascent of bitcoin: Bibliometric analysis of bitcoin research. Journal of Risk and Financial Management, 14(9), 1-15. https://doi.org/10.3390/jrfm14090427
  • Azmi, W., Ng, A., Dewandaru, G., & Nagayev, R. (2019). Doing well while doing good: The case of Islamic and sustainability equity investing. Borsa Istanbul Review, 19(3), 207-218. doi: 10.1016/j.bir.2019.02.002
  • Baur, D. G., & McDermott, T. K. (2010). Is gold a safe haven? International evidence. Journal of Banking & Finance, 34(8), 1886-1898. doi: 10.1016/j.jbankfin.2009.12.008
  • Baur, D. G., & McDermott, T. K. (2016). Why is gold a safe haven?. Journal of Behavioral and Experimental Finance, 10, 63-71. doi: 10.1016/j.jbef.2016.03.002
  • Baur, D. G., & Lucey, B. M. (2010). Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold. Financial Review, 45(2), 217-229. doi: 10.1111/j.1540-6288.2010.00244.x
  • Beckmann, J., Berger, T., & Czudaj, R. (2015). Does gold act as a hedge or a safe haven for stocks? A smooth transition approach. Economic Modelling, 48, 16-24. doi: 10.1016/j.econmod.2014.10.044
  • Biancone, P. P., Saiti, B., Petricean, D., & Chmet, F. (2020). The bibliometric analysis of Islamic banking and finance. Journal of Islamic Accounting and Business Research, 11(9), 2069-2086.
  • Bouoiyour, J., Selmi, R., & Wohar, M. E. (2019). Safe havens in the face of Presidential election uncertainty: A comparison between Bitcoin, oil and precious metals. Applied Economics, 51(57), 6076-6088.
  • Capie, F., Mills, T. C., & Wood, G. (2005). Gold as a hedge against the dollar. Journal of International Financial Markets, Institutions and Money, 15(4), 343-352. doi: 10.1016/j.intfin.2004.07.002
  • Chang, C. C., & Ho, Y. S. (2010). Bibliometric analysis of financial crisis research. African Journal of Business Management, 4(18).
  • Cheema, M. A., Faff, R., & Szulczyk, K. R. (2022). The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets? International Review of Financial Analysis, 83, 1-13. doi: 10.1016/j.irfa.2022.102316
  • Chen, K., & Wang, M. (2019). Is gold a hedge and safe haven for stock market? Applied Economics Letters, 26(13), 1080-1086. doi: 10.1080/13504851.2018.1537469
  • Coudert, V., & Raymond, H. (2011). Gold and financial assets: are there any safe havens in bear markets. Economics Bulletin, 31(2), 1613-1622.
  • Csako, G. (2007). Analysis ofthe most highly cited articles from the 50-year history of CCA. Clinica Chimica Acta, 375(1/2), 43-48.
  • Fairthorne, R. A. (1969). Empirical hyperbolic distributions (Bradford‐Zipf‐Mandelbrot) for bibliometric description and prediction. Journal of Documentation, 25(4), 319-343.
  • Goodell, J. W., Kumar, S., Lahmar, O., & Pandey, N. (2023). A bibliometric analysis of cultural finance. International Review of Financial Analysis, 85, 1-13. doi: 10.1016/j.irfa.2022.102442
  • Habib, M. M., & Stracca, L. (2015). Is there a global safe haven? International Finance, 18(3), 281-298. doi: 10.1111/infi.12078
  • Hasan, M. B., Hassan, M. K., Rashid, M. M., & Alhenawi, Y. (2021). Are safe haven assets really safe during the 2008 global financial crisis and COVID-19 pandemic? Global Finance Journal, 50, 1-11. doi: 10.1016/j.gfj.2021.100668
  • He, Z., Krishnamurthy, A., & Milbradt, K. (2019). A model of safe asset determination. American Economic Review, 109(4), 1230-1262. doi: 10.1257/aer.20160216
  • Hkiri, B., Hammoudeh, S., Aloui, C., & Yarovaya, L. (2017). Are Islamic indexes a safe haven for investors? An analysis of total, directional and net volatility spillovers between conventional and Islamic indexes and importance of crisis periods. Pacific-Basin Finance Journal, 43, 124-150. doi: 10.1016/j.pacfin.2017.03.001
  • Jalal, R. N. U. D., Alon, I., & Paltrinieri, A. (2021). A bibliometric review of cryptocurrencies as a financial asset. Technology Analysis & Strategic Management, 1-16. https://doi.org/10.1080/09537325.2021.1939001
  • Klein, T. (2017). Dynamic correlation of precious metals and flight-to-quality in developed markets. Finance Research Letters, 23, 283-290.
  • Li, S., & Lucey, B. M. (2017). Reassessing the role of precious metals as safe havens–What colour is your haven and why? Journal of Commodity Markets, 7, 1-14. doi: 10.1016/j.jcomm.2017.05.003
  • McCown, J. R., & Zimmerman, J. R. (2006). Is gold a zero-beta asset? Analysis of the investment potential of precious metals. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=920496 adresinden erişild.
  • Merediz-Solà, I., & Bariviera, A. F. (2019). A bibliometric analysis of bitcoin scientific production. Research in International Business and Finance, 50, 294-305. doi: 10.1016/j.ribaf.2019.06.008
  • Mustafa, M. I., Rusydiana, A. S., Bahri, M. S., & Nasution, A. A. (2021). Bibliometric review on gold currency and The Islamic perspective. Library Philosophy and Practice, 1-13.
  • Pattnaik, D., Hassan, M. K., DSouza, A., & Ashraf, A. (2023). Investment in gold: A bibliometric review and agenda for future research. Research in International Business and Finance, 64, 1-17. https://doi.org/10.1016/j.ribaf.2022.101854
  • Paule-Vianez, J., Gómez-Martínez, R., & Prado-Román, C. (2020). A bibliometric analysis of behavioural finance with mapping analysis tools. European Research on Management and Business Economics, 26(2), 71-77. doi: 10.1016/j.iedeen.2020.01.001
  • Pritchard, J. (1969). Statistical bibliography or bibliometrics? Journal of Documentation, 25(4), 348-349.
  • Reboredo, J. C. (2013). Is gold a safe haven or a hedge for the US dollar? Implications for risk management. Journal of Banking & Finance, 37(8), 2665-2676. doi: 10.1016/j.jbankfin.2013.03.020
  • Shahzad, S. J. H., Bouri, E., Roubaud, D., & Kristoufek, L. (2020). Safe haven, hedge and diversification for G7 stock markets: Gold versus bitcoin. Economic Modelling, 87, 212-224. doi: 10.1016/j.econmod.2019.07.023
  • Smales, L. A. (2019). Bitcoin as a safe haven: Is it even worth considering? Finance Research Letters, 30, 385-393.
  • Stensås, A., Nygaard, M. F., Kyaw, K., & Treepongkaruna, S. (2019). Can Bitcoin be a diversifier, hedge or safe haven tool? Cogent Economics & Finance, 7(1), 1593072.
  • Paule-Vianez, J., Gómez-Martínez, R., & Prado-Román, C. (2020). A bibliometric analysis of behavioural finance with mapping analysis tools. European Research on Management and Business Economics, 26(2), 71-77.
  • Wen, X., & Cheng, H. (2018). Which is the safe haven for emerging stock markets, gold or the US dollar?. Emerging Markets Review, 35, 69-90. doi: 10.1016/j.ememar.2017.12.006
  • Xu, X., Chen, X., Jia, F., Brown, S., Gong, Y., & Xu, Y. (2018). Supply chain finance: A systematic literature review and bibliometric analysis. International Journal of Production Economics, 204, 160-173. https://doi.org/10.1016/j.ijpe.2018.08.003
  • Yue, Y., Li, X., Zhang, D., & Wang, S. (2021). How cryptocurrency affects economy? A network analysis using bibliometric methods. International Review of Financial Analysis, 77, 1-12. doi: 10.1016/j.irfa.2021.101869
  • Zhang, D., Zhang, Z., & Managi, S. (2019). A bibliometric analysis on green finance: Current status, development, and future directions. Finance Research Letters, 29, 425-430.
  • Zhou, S., & Meng, X. (2023). Are government bonds still safe havens in the context of COVID-19? Applied Economics Letters, 30(1), 14-18.
There are 41 citations in total.

Details

Primary Language Turkish
Subjects Finance
Journal Section Araştırma Makalesi
Authors

Erhan Daştan 0000-0001-7498-8910

Hüseyin Dagli 0000-0002-2416-9340

Publication Date June 30, 2024
Submission Date January 29, 2023
Published in Issue Year 2024 Volume: 25 Issue: 2

Cite

APA Daştan, E., & Dagli, H. (2024). GÜVENLİ LİMAN VARLIKLAR ÜZERİNE VOSVIEWER İLE BİBLİYOMETRİK BİR ANALİZ. Anadolu Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 25(2), 394-414. https://doi.org/10.53443/anadoluibfd.1244196


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