An overview of behavioral finance research in China and abroad — Bibliometric analysis based on Gephi and Cite Space

Abstract

The purpose of this study is to use Gephi and Cite Space visualization software to conduct bibliometric analysis on the scientific field of behavioral finance at home and abroad, and to explore the research situation, research hotspots and gaps of behavioral finance in China and abroad. The literature comes from CSSCI journals included in CNKI and Sci journals included in Web of Science from 2001 to October 31,2022, including 493 CSSCI and 475 Sci. The analysis includes keyword co-occurrence, authors, institutions, burst words and time lines. The study found that: (1) the study of behavioral finance, domestic from the beginning of the rise gradually began to study widely but from 2009 gradually no longer popular, while the number of foreign research is still on the rise; (2) foreign research authors and institutions usually form a wide range of cooperation, while the domestic authors and institutions are relatively independent; (3) The theoretical basis of domestic and foreign research is prospect theory, but abroad has generally entered the stage of theoretical application. In addition, the contribution of this paper is to analyze the development of research topics covered by behavioral finance, and provide reference suggestions for the development of behavioral finance.