FinTech Bibliometric in Capital Market: A Global Comparison with a Focus on Iran's Status (Emphasizing Executive and Policy Proposals for Iran Capital Market)
Quarterly Journal of Securities Exchange

Quarterly Journal of Securities Exchange

FinTech Bibliometric in Capital Market: A Global Comparison with a Focus on Iran's Status (Emphasizing Executive and Policy Proposals for Iran Capital Market)

Document Type : Original Article

Authors
1 Assistant Professor, Department of Finance, Esfarayen Branch, Islamic Azad University, Esfarayen, Iran
2 Ph.D Student, Department of Finance, Qom Branch, Islamic Azad University, Qom, Iran
Abstract
The aim of this research is to provide a comprehensive analysis of the current advancements and weaknesses in the fintech sector, followed by proposing practical and policy recommendations for the development of the Iranian capital market. The research methodology involves utilizing a systematic literature review in the Web of Science database within the timeframe of 2015-2022. Through bibliometric analysis of 2450 selected documents, biblioshiny and the R language are employed for bibliometrics interpolation. The results of citation analysis, co-citation, and social network analysis indicate the development of fintech as a well-established field.
Findings reveal that fintech has been recognized as a developed area over time. The research results demonstrate that the development of fintech literacy in the capital market, with a focus on practical and policy recommendations, can enhance and align the Iranian capital market with global experiences.
The conclusion of this research underscores the significance of fintech development for the Iranian capital market and suggests that practical and policy recommendations in this domain should receive attention. This study not only elucidates the conceptual framework of the field but also reveals its intellectual and social structure.
The knowledge expansion of this research demonstrates the scientific authenticity and added value of fintech bibliometric transformations in the capital market. By comparing globally and emphasizing practical and policy recommendations, this study contributes to the development and improvement of the Iranian capital market. It provides valuable insights into areas that require further research
Keywords

Aria, M; Cuccurullo, C. (2017). bibliometrix: An R-tool for comprehensive science mapping analysis. Journal of Informetrics, 11(4), 959–975.
Bedi, H. S; Karn, A. K; Kaur, G. P; Duggal, R. (2019). Financial literacy–A Bibliometric analysis. Financial Literacy–A Bibliometric Analysis. Our Heritage, 67(10), 1042-1054.‏
Carlsson, H; Larsson, S; Svensson, L; Åström, F. (2017). Consumer Credit Behavior in the Digital Context: A Bibliometric Analysis and Literature Review. Journal of Financial Counseling and Planning, 28(1), 76–94.
Dambiski Gomes de Carvalho, G; Alisson Westarb Cruz, J; Gomes de Carvalho, H; Carlos Duclós, L; de Fátima Stankowitz, R. (2017). Innovativeness measures: a bibliometric review and a classification proposal. International Journal of Innovation Science, 9(1), 81–101.
Dawood, H. M; Liew, C. Y; & Lau, T. C. (2021). Mobile perceived trust mediation on the intention and adoption of FinTech innovations using mobile technology: A systematic literature review. F1000Research, 10.‏
Fahimnia, B; Sarkis, J; Davarzani, H. (2015). Green supply chain management: A review and bibliometric analysis. International Journal of Production Economics, 162, 101–114.
Gao, J; Liu, S; & Li, Z. (2021). Cooperative evolution of china’s excellent innovative research groups from the perspective of innovation ecosystem: Taking an “environmental biogeochemistry” research innovation group as a case study. International Journal of Environmental Research and Public Health, 18(23), 12584.‏
Garfield, E. (2004). Historiographic Mapping of Knowledge Domains Literature. Journal of Information Science, 30(2), 119–145.
Garfield, E; Sher, I. H. (1993). Key words plus [TM]-algorithmic derivative indexing. Journal-American Society for Information Science, 44(5), 298-298.‏
Gomber, P; Kauffman, R. J; Parker, C; & Weber, B. W. (2018). On the fintech revolution: Interpreting the forces of innovation, disruption, and transformation in financial services. Journal of management information systems, 35(1), 220-265.
Goyal, K; Kumar, S. (2020). Financial literacy: A systematic review and bibliometric analysis. International Journal of Consumer Studies.
Irimia-Diéguez, A; Velicia-Martín, F; & Aguayo-Camacho, M. (2023). Predicting FinTech innovation adoption: the mediator role of social norms and attitudes. Financial Innovation, 9(1), 1-23.‏
Jayantha, W. M; Oladinrin, O. T. (2019). Bibliometric analysis of hedonic price model using CiteSpace. International Journal of Housing Markets and Analysis, 13(2), 357–371.
Khan, A; Hassan, M. K; Paltrinieri, A; Dreassi, A; Bahoo, S. (2020). A bibliometric review of takaful literature. International Review of Economics & Finance, 69, 389–405.
Liu, J. S; Lu, L. Y. Y; Lu, W. M; Lin, B. J. Y. (2013). A survey of DEA applications. Omega, 41(5), 893–902.
Low, M. P; Siegel, D. (2019). A bibliometric analysis of employee-centred corporate social responsibility research in the 2000s. Social Responsibility, 16(5), 691–717.
Lucero-Prisno III, D. E; Olayemi, A. H; Ekpenyong, I; Okereke, P; Aldirdiri, O; Buban, J. M; ... & Kouwenhoven, M. B. N. (2022). Prospects for financial technology for health in Africa. Digital Health, 8, 20552076221119548.‏
Merigó, J. M; Yang, J.-B. (2017). Accounting Research: A Bibliometric Analysis. Australian Accounting Review, 27(1), 71–100.
Ozili, P. K. (2018). Impact of digital finance on financial inclusion and stability. Borsa Istanbul Review, 18(4), 329-340.‏
Rialti, R; Marzi, G; Ciappei, C; Busso, D. (2019). Big data and dynamic capabilities: a bibliometric analysis and systematic literature review. Management Decision, 57(8), 2052–2068.
Riehmann, P; Hanfler, M; Froehlich, B. (2005). Interactive Sankey diagrams. IEEE Xplore.
Rjoub, H; Adebayo, T. S; & Kirikkaleli, D. (2023). Blockchain technology-based FinTech banking sector involvement using adaptive neuro-fuzzy-based K-nearest neighbor's algorithm. Financial Innovation, 9(1), 65.‏
Rodríguez-Ruiz, F; Almodóvar, P; Nguyen, Q. T. K. (2019). Intellectual structure of international new venture research. Multinational Business Review, 27(4), 285–316.
Singh, S; Dhir, S. (2019). Structured review using TCCM and bibliometric analysis of international cause-related marketing, social marketing, and innovation of the firm. International Review on Public and Nonprofit Marketing, 16(2-4), 335–347.
Takeda, A; & Ito, Y. (2021). A review of FinTech research. International Journal of Technology Management, 86(1), 67-88.‏
Tella, A; Aisha Olabooye, A. (2014). Bibliometric analysis ofAfrican Journal Of Library,Archives and Information Sciencefrom 2000-2012. Library Review, 63(4/5), 305–323.
Valencia, D. C; Giraldo, C; Valencia, J; Palacios, L; Piedrahita, L. (2018). Relationship between ICT use and financial education levels in Latin America. International Journal of Innovation, Management and Technology, 9(4) , 174–177.
Wan, Q; Miao, X; Wang, C; Dinçer, H; & Yüksel, S. (2023). A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects. Financial Innovation, 9(1), 1-25.‏
Xu, X; Chen, X; Jia, F; Brown, S; Gong, Y; Xu, Y. (2018). Supply chain finance: A systematic literature review and bibliometric analysis. International Journal of Production Economics, 204, 160–173.
Zhang, D; Zhang, Z; Managi, S. (2019). A bibliometric analysis on green finance: Current status, development, and future directions. Finance Research Letters, 29, 425–430.
Zhang, J; Yu, Q; Zheng, F; Long, C; Lu, Z; Duan, Z. (2016). Comparing keywords plus of WOS and author keywords: A case study of patient adherence research. Journal of the Association for Information Science and Technology, 67(4), 967–972.