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An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects

Cilt: 7 Sayı: 3 20 Aralık 2024
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An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects

Abstract

This study aims to provide a comprehensive overview of current knowledge, highlight research gaps, and identify emerging trends to guide future research in the area of Islamic stock markets. It addresses the lack of a thorough bibliometric analysis in this area using reliable databases such as Scopus. The study applied a bibliometric analysis on 624 documents retrieved from the Scopus database using certain criteria. The Bibliometrix R package was used to perform the analysis. In this way, the most prolific affiliations, authors, documents, scientific networks between different countries, co-occurrence and co-citation networks, and trends in the research field were identified in the study. The results reveal that Pacific Basin Finance Journal and International Journal of Islamic and Middle Eastern Finance and Management are the journals that contribute the most in this field. The results also reveals that the most influential authors are M. Masih and S. Hammoudeh. Malaysian universities are the most productive institutions, while Malaysia is the most cooperative country according to the country cooperation network. The most studied topics in this field are the comparison of Islamic and conventional stock markets in terms of performance and volatility spillovers between them. New topics within Islamic stock markets research field have focused more COVID-19 and bitcoin. Most of the bibliometric studies in the field of Islamic finance have focused on Islamic banking, sukuk, Islamic capital markets and takaful.

Keywords

Islamic Finance , Islamic Equity Markets , Islamic Equity Indices , Bibliometric analysis , Bibliometrix , Sharia-compliant , Scopus

Kaynakça

  1. Ajmi, Ahdi Noomen et al. “How Strong Are the Causal Relationships between Islamic Stock Markets and Conventional Financial Systems? Evidence from Linear and Nonlinear Tests.” Journal of International Financial Markets, Institutions and Money 28 (2014), 213–227. https://doi.org/10.1016/j.intfin.2013.11.004
  2. Alam, Azhar et al. “History and Development of Takaful Research: A Bibliometric Review.” SAGE Open 13/3 (July 2023), 21582440231184852. https://doi.org/10.1177/21582440231184852
  3. Alam, Azhar et al. “How Does Sukuk Investment Perform? A Literature Review.” International Journal of Professional Business Review 8/7 (July 25, 2023), e02580. https://doi.org/10.26668/businessreview/2023.v8i7.2580
  4. Albahsh, Rana - Al-Anaswah, Mohammad F. “Bibliometric Analysis of Corporate Governance: Past, Present, and Future Research Agenda.” Corporate Ownership and Control 20/3 (2023), 146–168. https://doi.org/10.22495/cocv20i3art10
  5. Al-Khazali, Osamah et al. “Do Islamic Stock Indexes Outperform Conventional Stock Indexes? A Stochastic Dominance Approach.” Pacific Basin Finance Journal 28 (2014), 29–46. https://doi.org/10.1016/j.pacfin.2013.09.003
  6. Ashraf, Dawood - Mohammad, Nazeeruddin. “Matching Perception with the Reality—Performance of Islamic Equity Investments.” Pacific-Basin Finance Journal 28 (June 2014), 175–189. https://doi.org/10.1016/j.pacfin.2013.12.005
  7. Baas, Jeroen et al. “Scopus as a Curated, High-Quality Bibliometric Data Source for Academic Research in Quantitative Science Studies.” Quantitative Science Studies 1/1 (February 2020), 377–386. https://doi.org/10.1162/qss_a_00019
  8. Batra, Shallu et al. “Mapping the Intellectual Structure and Demystifying the Research Trend of Cross Listing: A Bibliometric Analysis.” Managerial Finance 49/6 (May 22, 2023), 992–1016. https://doi.org/10.1108/MF-07-2022-0330
  9. Baur, Dirk G. - McDermott, Thomas K. “Is Gold a Safe Haven? International Evidence.” Journal of Banking & Finance 34/8 (August 2010), 1886–1898. https://doi.org/10.1016/j.jbankfin.2009.12.008
  10. Benomar, Lahcen et al. “Bibliometric Analysis of the Structure and Evolution of Research on Assisted Migration.” Current Forestry Reports 8/2 (June 2022), 199–213. https://doi.org/10.1007/s40725-022-00165-y

Kaynak Göster

APA
Güçlü, F. (2024). An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects. Kocatepe İslami İlimler Dergisi, 7(3), 1-24. https://doi.org/10.52637/kiid.1507989
AMA
1.Güçlü F. An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects. Kocatepe İslami İlimler Dergisi. 2024;7(3):1-24. doi:10.52637/kiid.1507989
Chicago
Güçlü, Fatih. 2024. “An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects”. Kocatepe İslami İlimler Dergisi 7 (3): 1-24. https://doi.org/10.52637/kiid.1507989.
EndNote
Güçlü F (01 Aralık 2024) An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects. Kocatepe İslami İlimler Dergisi 7 3 1–24.
IEEE
[1]F. Güçlü, “An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects”, Kocatepe İslami İlimler Dergisi, c. 7, sy 3, ss. 1–24, Ara. 2024, doi: 10.52637/kiid.1507989.
ISNAD
Güçlü, Fatih. “An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects”. Kocatepe İslami İlimler Dergisi 7/3 (01 Aralık 2024): 1-24. https://doi.org/10.52637/kiid.1507989.
JAMA
1.Güçlü F. An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects. Kocatepe İslami İlimler Dergisi. 2024;7:1–24.
MLA
Güçlü, Fatih. “An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects”. Kocatepe İslami İlimler Dergisi, c. 7, sy 3, Aralık 2024, ss. 1-24, doi:10.52637/kiid.1507989.
Vancouver
1.Fatih Güçlü. An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects. Kocatepe İslami İlimler Dergisi. 01 Aralık 2024;7(3):1-24. doi:10.52637/kiid.1507989