Examining the influence of financial inclusion on investment decision: A bibliometric review

Abstract

This study delves into the contemporary landscape of potential financial inclusion in investment decision-making, leveraging bibliometric research methods. Analyzing 161 publications from the Scopus database (2006–2023), the authors employ performance analysis and scientific mapping tools, including VOSviewer and Biblioshiny R studio. Through co-citation analysis, bibliographic coupling, co-occurrence of keywords analysis, thematic mapping, and thematic evolution analysis, the study uncovers the essential characteristics of the research field. The Result underscores that Innovative financial technologies are positioned as enablers of financial inclusion, with fintech's potential to drive positive social impact. The findings underscore that fostering financial literacy, addressing challenges in fintech adoption, and supporting entrepreneurship are crucial for maximizing the benefits of financial technologies. Overall, the study advocates for a comprehensive approach that combines financial inclusion, individual attitudes, and expertise, and fintech innovation to enhance access to financial services and expand investment opportunities for a more inclusive and prosperous economic landscape. However, the study acknowledges limitations, such as reliance on a single database and exclusion of specific keywords, urging a more inclusive approach to ensure a comprehensive understanding of relevant literature in this dynamic field.

Keywords

• Financial inclusion
• Investment decision
• Bibliometric analysis
• Research trends