Affiliation:
1. Research Scholar, Department of Commerce, Manipal Academy of Higher Education
2. Dr., Professor, Head of Department of Commerce, Manipal Academy of Higher Education
3. Dr., Associate Professor, Coordinator of Centre for Advanced Learning in Finance and Accounting, Department of Commerce, Manipal Academy of Higher Education
Abstract
Investor sentiment is the result of trading behavior and irrational beliefs of investors leading to high volatility and market mispricing. This review aims to study the entire spectrum of articles in the domain of investor sentiment using a bibliometric analysis approach. To this end, the study analyzes a total of 1,919 articles published in the Scopus database between 1979 and 2022. The review uncovers major themes, leading authors, influencing articles, trend topics, top contributing countries, and affiliations. The review shows that the research in the domain of investor sentiment is growing exponentially with an annual growth rate of 15.88%, and the year 2020 witnessed the highest number of scientific productions accounting for 252 (13.68%) total publications. The results display that the USA and China are leading countries in terms of the total contribution and volume of studies from respective authors. The review also reveals that existing research in the field has mainly focused on themes such as market efficiency, asset pricing, stock returns, sentiment analysis, IPO underpricing, overreaction, and volatility, whereas Covid-19 and Bitcoin depicted as emerging themes from recent scholarly works.
Publisher
LLC CPC Business Perspectives
Subject
Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,Finance
Cited by
10 articles.
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