A comprehensive bibliometric analysis of financial innovation

Abstract

Derived from the viewpoint put forward by Joseph Alois Schumpeter in 1912, financial innovation (FI) has made great achievements, mainly reflected in the innovations of organisation system, management, financial market, financial business and instruments, and financial technology, etc. Based on the existing publications in the field of FI, this paper conducts a comprehensive analysis and discussion. Firstly, according to the Web of Science (WoS), 1,341 publications are obtained. Considering the foundational characteristics, citation structure and cooperation relationship of publications, the bibliometric analysis results are presented at the levels of countries/regions, institutions, authors and publications, respectively. Then, this paper investigates some deep researches, including the burst detection analysis, co-occurrence analysis and timeline analysis. Finally, combining the analysis results with the current financial environment and the influential event (i.e., COVID-19), this paper further discusses the current challenges and future possible extension trends. Accordingly, a relatively throughout perspective for the FI documents is provided, which will help the scholars interested in this area conduct deep research.