Insights of Financial Literacy: A Bibliometric Analysis of Literature and Future Research Work

Abstract

This study analyses and summarizes financial literacy (FL) within the Scopus database through bibliometric analysis, identifying key factors, most prolific authors, top countries, keywords, co-occurrence, and prominent theories in the field. The author analysed 122 articles from 2008-2023 using various methods, including citation networks, co-citation analysis, and visualization techniques, using VOS viewer software and R programming language. The study highlights significant advancements in FL literature over the past few decades, using relational approaches like co-occurrence, co-citation, keyword, and Bradford analysis to identify new subjects for future research. The study subject is explored through extensive literature, utilizing bibliometric to gain insights. This comprehensive analysis of Scopus papers provides a targeted exploration of research themes, establishing a robust theoretical foundation for future research. Future researchers can utilize systematic literature review, meta-analysis, science mapping, and performance analysis to create a theoretical framework. This study aids researchers in identifying new research areas, sources, and collaboration opportunities, providing valuable insights for novices and future researchers, particularly in examining government financial literacy initiatives. This study enhances understanding of the FL phenomenon, collaboration networks, and the advantages and disadvantages of working across disciplines, borders, or with business entities.