Type of the article: Research Article
Abstract
The Russia–Ukraine war has fundamentally reshaped global and European energy markets, intensifying concerns over energy security, macroeconomic stability, financial risk, investment priorities, and the coordination of public policy. This study maps the development, performance, and intellectual structure of management- and governance-oriented research on energy-market transformation under the conditions created by the war. The analysis covers 417 Scopus-indexed publications issued between 2014 and the first half of 2026 and applies descriptive bibliometric indicators using Biblioshiny. The related literature expanded rapidly, recording an annual growth rate of 44.22%. In contrast, 403 publications, or 96.64% of the corpus, appeared between 2022 and the first half of 2026, showing a pronounced increase in scholarly output following the full-scale invasion. The 2023 publication cohort achieved the strongest citation performance, averaging 40.20 citations per document and 10.05 citations per document per citable year, while the most cited paper accumulated 363 citations. China was the leading first-author country, with 86 publications (20.62% of the corpus), while international co-authorship accounted for 37.41% of all documents, indicating substantial cross-border scientific collaboration. The thematic results show a transition from an earlier focus on investment, geopolitics, and energy security toward a broader agenda encompassing Ukraine, energy policy, renewable energy, inflation, natural gas, volatility, and market spillovers. Multiple correspondence analysis, using an eight-cluster solution, revealed two dominant knowledge domains: the first two dimensions accounted for 67.76% of total inertia and centered on geopolitical energy-market disruption and energy policy, transition, and sustainable development.
Acknowledgment
Tetiana Vasylieva contributed to this article within the framework of the MSCA4Ukraine project 06030419, which is funded by the European Union. Views and opinions expressed are, however, those of the authors only and do not necessarily reflect those of the European Union, the European Research Executive Agency or the MSCA4Ukraine Consortium. Neither the European Union, the European Research Executive Agency, nor the MSCA4Ukraine Consortium, nor any individual member institution of the MSCA4Ukraine Consortium can be held responsible for them.
