The potential of alternative investments as an asset class: a thematic and bibliometric review

IF 1.9 Q2 BUSINESS, FINANCE

Qualitative Research in financial Markets Pub Date : 2022-05-31 DOI:10.1108/qrfm-11-2021-0182

Hardeep Singh Mundi, Deepak Kumar

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引用次数: 2

Abstract

Purpose This paper aims to review, systematize and integrate existing research on alternative investments. This study conducts performance analysis comprising production timeline, country-wise contributions, analysis of sources, affiliations, the geography of authors and citations of studies on alternative investments. Design/methodology/approach This study adopts a thematic and bibliometric analysis methodology on 570 papers identified from mainstream literature on alternative investments. This study provides an analysis of science mapping, including co-citation analysis, bibliometric coupling, word analysis and trending topics on alternative investments. In addition, the study presents thematic analysis by classifying existing studies into nine themes. Findings Alternative investments provide diversification benefits and play a critical role in portfolio construction, and the research on alternative investments has gained momentum in recent times. This study finds that hedge funds, private equity, artwork, collectibles, commodities, fine wine and venture capital have remained prominent themes in the field. Investments in cryptocurrencies are an emerging area in the research on alternative investments. Research limitations/implications This study limits itself to the papers published in the area of finance and economics listed on the Scopus database. Originality/value This study provides quantitative bibliometric analysis and thematic analysis of the extant literature on alternative investments and identifies the areas that could be developed to advance research on alternative investments.

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另类投资作为一种资产类别的潜力:专题和文献计量分析

本文旨在对另类投资的现有研究进行回顾、梳理和整合。本研究进行了绩效分析，包括生产时间表、国家贡献、来源分析、隶属关系、作者地理位置和另类投资研究的引用。设计/方法/方法本研究采用专题和文献计量分析方法，对570篇从另类投资主流文献中挑选出来的论文进行分析。本研究提供了科学映射的分析，包括共被引分析、文献计量耦合、词分析和另类投资趋势主题。此外，本研究还进行了主题分析，将现有的研究分为九个主题。替代投资具有分散投资效益，在投资组合构建中起着至关重要的作用，对替代投资的研究是近年来发展起来的。本研究发现，对冲基金、私募股权、艺术品、收藏品、大宗商品、精品葡萄酒和风险投资仍是该领域的突出主题。加密货币投资是另类投资研究中的一个新兴领域。研究局限/启示本研究仅限于Scopus数据库中列出的金融和经济领域发表的论文。原创性/价值本研究对另类投资的现有文献进行了定量的文献计量分析和专题分析，并确定了可以发展的领域，以推进另类投资的研究。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Qualitative Research in financial Markets BUSINESS, FINANCE-

CiteScore

4.60

自引率

10.50%

发文量

期刊介绍： Qualitative Research in Financial Markets is the only peer-reviewed journal dedicated to exploring the rapidly-growing area of research activity in finance that uses qualitative methods. Building on a long pedigree of finance research, the journal publishes international and innovative analyses and novel insights into financial markets worldwide