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Bibliometric Analysis of Digital Finance Research With Science Mapping Techniques

Year 2024, Issue: 103, 113 - 134, 18.07.2024

Abstract

This study aims to examine scientific studies on digital finance in terms of bibliometric indicators. In this context, publications with document type articles were scanned in the Web of Science database and 573 studies were reached. The obtained articles were subjected to bibliometric analysis using the science mapping technique and were classified according to the topics and contents determined in the relevant literature. Research results show that the first article on digital finance was published in 2005 and a second article on the subject was not published until 2017. 2023 was the year with the most publications on the subject. The articles have been published in 71 countries, and the country with the most publications and citations on digital finance is China. In recent studies, it is seen that financial constraints, carbon emissions, renewable energy, digital inclusive finance, energy efficiency and technological development issues come to the fore. In addition, it has been determined that niche areas in the literature focus on financial digitalization in small and medium-sized enterprises, digital financial risk management with financial technology, and risk awareness in terms of digital economic growth.

References

  • Ahmi, A. - Tapa, A. - Hamzah, A. H. (2020). “Mapping of financial technology (fintech) research: a bibliometric analysis”. International Journal of Advanced Science and Technology, 29 (8), 379-392.
  • Alrawashdeh, N. - Alsmadi, A. A. - Anwar, A. L. (2022). “Fintech: a bibliometric analysis for the period of 2014–2021”. Calitatea, 23(188), 176-188.
  • 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.
  • Ancarlı, S. E. - Karaca, S. S. - Başcı, E. S. (2023). “Blockchain kripto varlık bitcoin üzerine bibliyometrik bir analiz web of science uygulaması”, Uluslararası Muhasebe ve Finans Araştırmaları Dergisi, 5(1), 44-72.
  • Bajwa, I. A. - Ur Rehman, S. - Iqbal, A. - Anwer, Z. - Ashiq, M. - Khan, M. A. (2022). “Past, present and future of fintech research: a bibliometric analysis”. SAGE Open, 12(4), 1-22.
  • Banks, E. (2001). E-Finance: The electronic revolution in financial services. John Wiley & Sons, Inc., United States.
  • Baysal, C. (2023), “Dijital dönüşüm’ün son on yılı: web of science’de taranan çalışmaların bibliyometrik analizi”. Turkish Studies-Economy, 18(1), 33-51.
  • Binici, F. Ö. (2021). “Finans sektöründeki değişim: finansal hizmetler (fintech)”. Y. Aslan (ed.), Muhasebe, Finans ve Denetim Alanlarında Yenilikçi Yaklaşımlar. Efe Akademi, 63-74.
  • Bisht, D. - Singh, R. - Gehlot, A. - Akram, S. V. - Singh, A. - Monter, E. C. - Priyadarshi, N. -Twala, B. (2022). “Imperative role of ıntegrating digitalization in the firms finance: a technological perspective”. Electronics, 8(1),1-16.
  • Boyack, K. W. - Klavans, R. (2014). “Creation of a highly detailed, dynamic, global model and map of science”. Journal of the Association for Information Science and Technology,65(4), 670-685.
  • Brika, S. K. M. (2022). “A bibliometric analysis of fintech trends and digital finance”. Frontiers in Environmental Science, 9, 1-10.
  • Bulut, E. (2023). “Kripto para piyasalarının karanlık yüzü: entegre bibliyometrik bir analiz. Press Academia Procedia, 16(1), 96-105.
  • Calero Medina, C. M. - van Leeuwen, T. N. (2012). “Seed journal citation network maps: a method based on network theory”. Journal of the American Society for Information Science and Technology, 63(6), 1226-1234.
  • Corejova, T. - Chinoracky, R. (2021). “Assessing the potential for digital transformation”. Sustainability, 13(19), 1-15.
  • Dabrowska, J. H. - Almpanopoulou, A. - Brem, A. - Chesbrough, H. - Cucino,V. - Di Minin, A.- Giones, F. - Hakala, H. - Marullo, C. - Mention, A.-L. - Mortara, L. - Nørskov, S. -Nylund, P. A. - Oddo, C. M. - Radziwon, A. - Ritala, P. (2022). “Digital transformation, for better or worse: a critical multi-level research agenda”. R&D Management, 52(5), 930–954.
  • Donthu, N. - Kumar, S. - Mukherjee, D. - Pandey, N. - Lim, W. M. (2021). “How to conduct a bibliometric analysis: an overview and guidelines”. Journal of Business Research, 133, 285-296.
  • Ekinci, G. (2022). “Dijital teknolojiler, yapay zekâ, girişimcilik ve inovasyon yayınları bibliyometrik analizi”. Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (55), 163-188.
  • Gomber, P. - Koch, J.A. - Siering, M. (2017). “Digital finance and fintech: current research and future research directions”. Journal of Business Economics, 87(5), 537-580.
  • Hu, B. - Zheng, L. (2016). “Digital finance: Definition, models, risk and regulation”. Development of China’s Financial Supervision and Regulation, 31-58.
  • Hu, C. P. - Hu, J. M. - Deng, S. L. - Liu, Y. (2013). “A co-word analysis of library and ınformation science in China”. Scientometrics, 97(2), 369-382.
  • Kusters, A. (2022). Relating digitization, digitalization and digital transformation: a maturity model and roadmap for dutch logistics companies. Bachelor's thesis, University of Twente, Enschede, The Netherlands.
  • Lu, K. - Wolfram, D. (2012). “Measuring author research relatedness: a comparison of wordbased, topic-based, and author cocitation approaches”. Journal of the American Society for Information Science and Technology, 63(10), 1973-1986.
  • Nasir, A. - Shaukat, K. - Khan, K. I. - Hameed, I. A. - Alam, T. M. - Luo, S. (2021). “What is core and what future holds for blockchain technologies and cryptocurrencies: a bibliometric analysis”. IEEE Access, 9, 989-1004.
  • OECD. (2018). Financial markets, ınsuranceand private pensions: digitalisation and finance. https://www.oecd.org/finance/private-pensions/Financial-markets-insurance-pensionsdigitalisation-and-finance (Erişim Tarihi: 03.02.2024).
  • O'Leary, D. E. (2022). “Digitization, digitalization, and digital transformation in accounting, electronic commerce, and supply Chains”. Intelligent Systems in Accounting, Finance and Management, 30(2), 101-110.
  • Rey-Martí, A. - Ribeiro-Soriano, D. - Palacios-Marqués, D. (2016). “A bibliometric analysis of social entrepreneurship”. Journal of Business Research, 69(5), 1651-1655.
  • Rizzo, M. (2014). Digital finance: empowering the poor via new technologies. washington dc: the word bank. https://www.worldbank.org/en/news/feature/2014/04/10/digitalfinance-empowering-poor-new-technologies (Erişim Tarihi: 26 Aralık 2023).
  • Shi, L. - Mai, Y. - Wu, Y. J. (2022). “Digital transformation: a bibliometric analysis”. Journal of Organizational and User Computing, 34(7), 1-20.
  • Surwase, G. - Sagar, A. - Kademani, B.S. - Bhanumurthy, K. (2011). “Co-citation analysis: an overview”. B.S. Kademani (ed.) Beyond Librarianship: Creativity, Innovation and Discovery”. Bombay Science Librarians Association, Mumbai, India, 179-185.
  • Şen Küçük, G. - Kaynar, Z. (2023). “Finansal teknoloji literatürü üzerine bibliyometrik bir analiz”. Necmettin Erbakan Üniversitesi Siyasal Bilgiler Fakültesi Dergisi, 5(2), 119-131.
  • Üsdiken, B. - Pasadeos, Y. (1995). “Organizational analysis in North America and Europe: a comparison of co-citation networks”. Organization Studies, 16(3), 503-526.
  • Verhoef, P. C. - Broekhuizen, T. L. - Bart, Y. - Bhattacharya, A. - QiDong, J. - Fabian, N. E. -Haenlein, M. (2021). “Digital transformation: a multi disciplinary reflection and research agenda”. Journal of Business Research, 122, 889–901.
  • Zupic, I. - Čater, T. (2015). “Bibliometric methods in management and organization”. Organizational Research Methods, 18(3), 429-472.

Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri ile Bibliyometrik Analizi

Year 2024, Issue: 103, 113 - 134, 18.07.2024

Abstract

Bu çalışmada, dijital finans ile ilgili bilimsel çalışmaların bibliyometrik göstergeler açısından incelenmesi amaçlanmaktadır. Bu kapsamda Web of Science veri tabanında doküman tipi makale olan yayınlar taratılmış ve 573 çalışmaya ulaşılmıştır. Elde edilen makaleler bilim haritalaması tekniği ile bibliyometrik analize tabi tutulmuş, ilgili literatürde belirlenen konu başlıkları ve içeriklerine göre sınıflandırılmıştır. Araştırma sonuçları, dijital finans konulu ilk makalenin 2005 yılında yayımlandığını ve 2017 yılına kadar konu ile ilgili ikinci bir makalenin yayımlanmadığını göstermektedir. 2023 yılı ise konu ile ilgili en fazla yayın yapılan yıl olmuştur. Makaleler 71 ülkede yayımlanmış olup, dijital finans konusunda en fazla yayın yapılan ve en fazla atıf alan ülke Çin’dir. Son dönemde yapılan çalışmalarda özellikle finansal kısıtlamalar, karbon emisyonları, yenilenebilir enerji, dijital kapsayıcı finans, enerji verimliliği ve teknolojik gelişme konularının öne çıktığı görülmektedir. Ayrıca literatürdeki niş alanların küçük ve orta ölçekli işletmelerde finansal dijitalleşme, finansal teknoloji ile dijital finansal risk yönetimi, dijital ekonomik büyüme açısından risk farkındalığı konularına odaklandığı tespit edilmiştir.

References

  • Ahmi, A. - Tapa, A. - Hamzah, A. H. (2020). “Mapping of financial technology (fintech) research: a bibliometric analysis”. International Journal of Advanced Science and Technology, 29 (8), 379-392.
  • Alrawashdeh, N. - Alsmadi, A. A. - Anwar, A. L. (2022). “Fintech: a bibliometric analysis for the period of 2014–2021”. Calitatea, 23(188), 176-188.
  • 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.
  • Ancarlı, S. E. - Karaca, S. S. - Başcı, E. S. (2023). “Blockchain kripto varlık bitcoin üzerine bibliyometrik bir analiz web of science uygulaması”, Uluslararası Muhasebe ve Finans Araştırmaları Dergisi, 5(1), 44-72.
  • Bajwa, I. A. - Ur Rehman, S. - Iqbal, A. - Anwer, Z. - Ashiq, M. - Khan, M. A. (2022). “Past, present and future of fintech research: a bibliometric analysis”. SAGE Open, 12(4), 1-22.
  • Banks, E. (2001). E-Finance: The electronic revolution in financial services. John Wiley & Sons, Inc., United States.
  • Baysal, C. (2023), “Dijital dönüşüm’ün son on yılı: web of science’de taranan çalışmaların bibliyometrik analizi”. Turkish Studies-Economy, 18(1), 33-51.
  • Binici, F. Ö. (2021). “Finans sektöründeki değişim: finansal hizmetler (fintech)”. Y. Aslan (ed.), Muhasebe, Finans ve Denetim Alanlarında Yenilikçi Yaklaşımlar. Efe Akademi, 63-74.
  • Bisht, D. - Singh, R. - Gehlot, A. - Akram, S. V. - Singh, A. - Monter, E. C. - Priyadarshi, N. -Twala, B. (2022). “Imperative role of ıntegrating digitalization in the firms finance: a technological perspective”. Electronics, 8(1),1-16.
  • Boyack, K. W. - Klavans, R. (2014). “Creation of a highly detailed, dynamic, global model and map of science”. Journal of the Association for Information Science and Technology,65(4), 670-685.
  • Brika, S. K. M. (2022). “A bibliometric analysis of fintech trends and digital finance”. Frontiers in Environmental Science, 9, 1-10.
  • Bulut, E. (2023). “Kripto para piyasalarının karanlık yüzü: entegre bibliyometrik bir analiz. Press Academia Procedia, 16(1), 96-105.
  • Calero Medina, C. M. - van Leeuwen, T. N. (2012). “Seed journal citation network maps: a method based on network theory”. Journal of the American Society for Information Science and Technology, 63(6), 1226-1234.
  • Corejova, T. - Chinoracky, R. (2021). “Assessing the potential for digital transformation”. Sustainability, 13(19), 1-15.
  • Dabrowska, J. H. - Almpanopoulou, A. - Brem, A. - Chesbrough, H. - Cucino,V. - Di Minin, A.- Giones, F. - Hakala, H. - Marullo, C. - Mention, A.-L. - Mortara, L. - Nørskov, S. -Nylund, P. A. - Oddo, C. M. - Radziwon, A. - Ritala, P. (2022). “Digital transformation, for better or worse: a critical multi-level research agenda”. R&D Management, 52(5), 930–954.
  • Donthu, N. - Kumar, S. - Mukherjee, D. - Pandey, N. - Lim, W. M. (2021). “How to conduct a bibliometric analysis: an overview and guidelines”. Journal of Business Research, 133, 285-296.
  • Ekinci, G. (2022). “Dijital teknolojiler, yapay zekâ, girişimcilik ve inovasyon yayınları bibliyometrik analizi”. Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (55), 163-188.
  • Gomber, P. - Koch, J.A. - Siering, M. (2017). “Digital finance and fintech: current research and future research directions”. Journal of Business Economics, 87(5), 537-580.
  • Hu, B. - Zheng, L. (2016). “Digital finance: Definition, models, risk and regulation”. Development of China’s Financial Supervision and Regulation, 31-58.
  • Hu, C. P. - Hu, J. M. - Deng, S. L. - Liu, Y. (2013). “A co-word analysis of library and ınformation science in China”. Scientometrics, 97(2), 369-382.
  • Kusters, A. (2022). Relating digitization, digitalization and digital transformation: a maturity model and roadmap for dutch logistics companies. Bachelor's thesis, University of Twente, Enschede, The Netherlands.
  • Lu, K. - Wolfram, D. (2012). “Measuring author research relatedness: a comparison of wordbased, topic-based, and author cocitation approaches”. Journal of the American Society for Information Science and Technology, 63(10), 1973-1986.
  • Nasir, A. - Shaukat, K. - Khan, K. I. - Hameed, I. A. - Alam, T. M. - Luo, S. (2021). “What is core and what future holds for blockchain technologies and cryptocurrencies: a bibliometric analysis”. IEEE Access, 9, 989-1004.
  • OECD. (2018). Financial markets, ınsuranceand private pensions: digitalisation and finance. https://www.oecd.org/finance/private-pensions/Financial-markets-insurance-pensionsdigitalisation-and-finance (Erişim Tarihi: 03.02.2024).
  • O'Leary, D. E. (2022). “Digitization, digitalization, and digital transformation in accounting, electronic commerce, and supply Chains”. Intelligent Systems in Accounting, Finance and Management, 30(2), 101-110.
  • Rey-Martí, A. - Ribeiro-Soriano, D. - Palacios-Marqués, D. (2016). “A bibliometric analysis of social entrepreneurship”. Journal of Business Research, 69(5), 1651-1655.
  • Rizzo, M. (2014). Digital finance: empowering the poor via new technologies. washington dc: the word bank. https://www.worldbank.org/en/news/feature/2014/04/10/digitalfinance-empowering-poor-new-technologies (Erişim Tarihi: 26 Aralık 2023).
  • Shi, L. - Mai, Y. - Wu, Y. J. (2022). “Digital transformation: a bibliometric analysis”. Journal of Organizational and User Computing, 34(7), 1-20.
  • Surwase, G. - Sagar, A. - Kademani, B.S. - Bhanumurthy, K. (2011). “Co-citation analysis: an overview”. B.S. Kademani (ed.) Beyond Librarianship: Creativity, Innovation and Discovery”. Bombay Science Librarians Association, Mumbai, India, 179-185.
  • Şen Küçük, G. - Kaynar, Z. (2023). “Finansal teknoloji literatürü üzerine bibliyometrik bir analiz”. Necmettin Erbakan Üniversitesi Siyasal Bilgiler Fakültesi Dergisi, 5(2), 119-131.
  • Üsdiken, B. - Pasadeos, Y. (1995). “Organizational analysis in North America and Europe: a comparison of co-citation networks”. Organization Studies, 16(3), 503-526.
  • Verhoef, P. C. - Broekhuizen, T. L. - Bart, Y. - Bhattacharya, A. - QiDong, J. - Fabian, N. E. -Haenlein, M. (2021). “Digital transformation: a multi disciplinary reflection and research agenda”. Journal of Business Research, 122, 889–901.
  • Zupic, I. - Čater, T. (2015). “Bibliometric methods in management and organization”. Organizational Research Methods, 18(3), 429-472.
There are 33 citations in total.

Details

Primary Language Turkish
Subjects Finance
Journal Section Research Article
Authors

Bekir Elmas 0000-0002-2094-2180

Mehtab Çelik 0000-0002-8441-6278

Ersin Korkmaz 0000-0002-6787-5368

Publication Date July 18, 2024
Submission Date April 3, 2024
Acceptance Date June 27, 2024
Published in Issue Year 2024 Issue: 103

Cite

APA Elmas, B., Çelik, M., & Korkmaz, E. (2024). Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri ile Bibliyometrik Analizi. The Journal of Accounting and Finance(103), 113-134. https://doi.org/10.25095/mufad.1457529
AMA Elmas B, Çelik M, Korkmaz E. Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri ile Bibliyometrik Analizi. The Journal of Accounting and Finance. July 2024;(103):113-134. doi:10.25095/mufad.1457529
Chicago Elmas, Bekir, Mehtab Çelik, and Ersin Korkmaz. “Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri Ile Bibliyometrik Analizi”. The Journal of Accounting and Finance, no. 103 (July 2024): 113-34. https://doi.org/10.25095/mufad.1457529.
EndNote Elmas B, Çelik M, Korkmaz E (July 1, 2024) Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri ile Bibliyometrik Analizi. The Journal of Accounting and Finance 103 113–134.
IEEE B. Elmas, M. Çelik, and E. Korkmaz, “Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri ile Bibliyometrik Analizi”, The Journal of Accounting and Finance, no. 103, pp. 113–134, July 2024, doi: 10.25095/mufad.1457529.
ISNAD Elmas, Bekir et al. “Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri Ile Bibliyometrik Analizi”. The Journal of Accounting and Finance 103 (July 2024), 113-134. https://doi.org/10.25095/mufad.1457529.
JAMA Elmas B, Çelik M, Korkmaz E. Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri ile Bibliyometrik Analizi. The Journal of Accounting and Finance. 2024;:113–134.
MLA Elmas, Bekir et al. “Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri Ile Bibliyometrik Analizi”. The Journal of Accounting and Finance, no. 103, 2024, pp. 113-34, doi:10.25095/mufad.1457529.
Vancouver Elmas B, Çelik M, Korkmaz E. Dijital Finans Araştırmalarının Bilim Haritalama Teknikleri ile Bibliyometrik Analizi. The Journal of Accounting and Finance. 2024(103):113-34.