Determinants of Financing Constraints: A Bibliometric Analysis

Abstract

Financing constraints are difficulties and limitations a company encounters in obtaining the capital for investment and operations. Financing Constraints may cause negative effects, including restricting corporate growth, reducing production efficiency, increasing financial risk, and undermining financial stability. As a result, this study aims to review the determinants of Financing Constraints in order to provide better financing options, optimise corporate governance, and enhance risk management by mitigating Financing Constraints. In this study, the Scopus database is adopted to collect 360 pieces of empirical journal articles from 1993 to 2024. Furthermore, VOSviewer software and R studio software are adopted to conduct bibliometric analysis. Consequently, the result shows that innovation, digital finance, sustainable development, emission control, firm financial characteristics, R&D, uncertainty, and supply chain management are the common determinants for influencing Financing constraints. Hence, this study is expected to provide insights for researchers to recognise the literature gaps and provide accordance for policymakers and practitioners to mitigate financing constraints.