An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects

Fatih Güçlü

Article Details

An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects

Authors:

Fatih Güçlü

Publisher:

Afyon Kocatepe University

Main Topics:

İslam Finansı

Journal:

Kocatepe İslami İlimler Dergisi Vol.7 Issue 3, pp.1-24

Document Type:

Article

Publication Date:

12/2024

Document Language:

English

Document ID (Org No.):

2001317305

pISSN:

2757-8399

Keywords:

Abstract:

 This study aims to provide a comprehensive overview of current knowledge, highlight research gaps, and identify emerging trends to guide future research in the area of Islamic stock markets. It addresses the lack of a thorough bibliometric analysis in this area using reliable databases such as Scopus. The study applied a bibliometric analysis on 624 documents retrieved from the Scopus database using certain criteria. The Bibliometrix R package was used to perform the analysis. In this way, the most prolific affiliations, authors, documents, scientific networks between different countries, co-occurrence and co-citation networks, and trends in the research field were identified in the study. The results reveal that Pacific Basin Finance Journal and International Journal of Islamic and Middle Eastern Finance and Management are the journals that contribute the most in this field. The results also reveals that the most influential authors are M. Masih and S. Hammoudeh. Malaysian universities are the most productive institutions, while Malaysia is the most cooperative country according to the country cooperation network. The most studied topics in this field are the comparison of Islamic and conventional stock markets in terms of performance and volatility spillovers between them. New topics within Islamic stock markets research field have focused more COVID-19 and bitcoin. Most of the bibliometric studies in the field of Islamic finance have focused on Islamic banking, sukuk, Islamic capital markets and takaful.

 This study aims to provide a comprehensive overview of current knowledge, highlight research gaps, and identify emerging trends to guide future research in the area of Islamic stock markets. It addresses the lack of a thorough bibliometric analysis in this area using reliable databases such as Scopus. The study applied a bibliometric analysis on 624 documents retrieved from the Scopus database using certain criteria. The Bibliometrix R package was used to perform the analysis. In this way, the most prolific affiliations, authors, documents, scientific networks between different countries, co-occurrence and co-citation networks, and trends in the research field were identified in the study. The results reveal that Pacific Basin Finance Journal and International Journal of Islamic and Middle Eastern Finance and Management are the journals that contribute the most in this field. The results also reveals that the most influential authors are M. Masih and S. Hammoudeh. Malaysian universities are the most productive institutions, while Malaysia is the most cooperative country according to the country cooperation network. The most studied topics in this field are the comparison of Islamic and conventional stock markets in terms of performance and volatility spillovers between them. New topics within Islamic stock markets research field have focused more COVID-19 and bitcoin. Most of the bibliometric studies in the field of Islamic finance have focused on Islamic banking, sukuk, Islamic capital markets and takaful.

 This study aims to provide a comprehensive overview of current knowledge, highlight research gaps, and identify emerging trends to guide future research in the area of Islamic stock markets. It addresses the lack of a thorough bibliometric analysis in this area using reliable databases such as Scopus. The study applied a bibliometric analysis on 624 documents retrieved from the Scopus database using certain criteria. The Bibliometrix R package was used to perform the analysis. In this way, the most prolific affiliations, authors, documents, scientific networks between different countries, co-occurrence and co-citation networks, and trends in the research field were identified in the study. The results reveal that Pacific Basin Finance Journal and International Journal of Islamic and Middle Eastern Finance and Management are the journals that contribute the most in this field. The results also reveals that the most influential authors are M. Masih and S. Hammoudeh. Malaysian universities are the most productive institutions, while Malaysia is the most cooperative country according to the country cooperation network. The most studied topics in this field are the comparison of Islamic and conventional stock markets in terms of performance and volatility spillovers between them. New topics within Islamic stock markets research field have focused more COVID-19 and bitcoin. Most of the bibliometric studies in the field of Islamic finance have focused on Islamic banking, sukuk, Islamic capital markets and takaful.

 Bu çalışma, halihazırdaki bilgiyi kapsamlı bir şekilde inceleyip, araştırma boşluklarını vurgulayarak ve gelişen araştırma eğilimlerini belirleyerek İslami hisse senedi piyasaları alanında yapılacak çalışmalara yol göstermeyi amaçlamaktadır. Çalışmada, en kapsamlı veri tabanlarından Scopus kullanılarak bu alandaki bibliyometrik analiz boşluğu doldurulmaya çalışılmıştır. Scopus veri tabanından belirli kriterler kullanılarak alınan 624 belge üzerinde bibliyometrik bir analiz uygulanmıştır. Analizlerde Bibliometrix R paketi kullanılmıştır. Bu sayede çalışmada; en üretken kurumlar, yazarlar, yayınlar, ülkeler arasındaki bilimsel işbirlikleri, ortak kelime ve ortak atıf ağları ile araştırma alanındaki eğilimler belirlenmiştir. Sonuçlar, Pacific Basin Finance Journal ve International Journal of Islamic and Middle Eastern Finance and Management dergilerinin bu alana en çok katkı sağlayan dergiler olduğunu ortaya koymaktadır. En etkili yazarlar ise M. Masih ve S. Hammoudeh olarak belirlenmiştir. Malezya üniversiteleri en üretken kurumlar iken, ülke işbirliği ağına göre Malezya, en çok işbirliği yapan ülkedir. Bu alanda en çok çalışılan konular, İslami ve konvansiyonel hisse senedi piyasalarının performans açısından karşılaştırılması ve aralarındaki volatilite yayılımlarıdır. İslami hisse senedi piyasaları araştırma alanındaki yeni konular daha çok COVID-19 ve bitcoine odaklanmıştır. İslami finans alanındaki bibliyometrik çalışmaların çoğu İslami bankacılık, sukuk, İslami sermaye piyasaları ve tekafül üzerine odaklanmıştır.

Article Details

An Analysis of Islamic Stock Markets Literature: Trends, Emerging Themes and Future Prospects

Authors:

Fatih Güçlü

Publisher:

Afyon Kocatepe University

Main Topics:

İslam Finansı

Journal:

Kocatepe İslami İlimler Dergisi Vol.7 Issue 3, pp.1-24

Document Type:

Article

Publication Date:

12/2024

Document Language:

English

Document ID (Org No.):

2001317305

pISSN:

2757-8399

Islamic Finance

Islamic Equity Markets

Islamic Equity Indices

Bibliometric analysis

Bibliometrix

Sharia-compliant

Scopusİslami Finans

İslami Pay Piyasaları

Katılım Endeksleri

Bibliyometrik analiz

Bibliometrix

Şer’i uygunluk

Scopus

Issues

Article Details

Authors: Fatih Güçlü

Publisher: Afyon Kocatepe University

Main Topics: İslam Finansı

Journal: Kocatepe İslami İlimler Dergisi Vol.7 Issue 3, pp.1-24

Document Type: Article

Publication Date: 12/2024

Document Language: English

Document ID (Org No.): 2001317305

pISSN: 2757-8399

Issues

Authors:

Fatih Güçlü

Publisher:

Afyon Kocatepe University

Main Topics:

İslam Finansı

Journal:

Kocatepe İslami İlimler Dergisi Vol.7 Issue 3, pp.1-24

Document Type:

Article

Publication Date:

12/2024

Document Language:

English

Document ID (Org No.):

2001317305

pISSN:

2757-8399