Bibliometric analysis of stock market performance throughout the COVID-19 outbreak

  • Received March 2, 2022;
    Accepted April 5, 2022;
    Published April 11, 2022
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/imfi.19(2).2022.02
  • Article Info
    Volume 19 2022, Issue #2, pp. 14-23
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This work is licensed under a Creative Commons Attribution 4.0 International License

The major event of the emergence of the infectious disease COVID-19 has changed the perspective and behavior of investors in the stock market. This study aims to analyze the determinants of the research roadmap cluster in the field of capital market performance. Analysis was conducted on manuscripts published in Scopus-indexed publications from 2020 to the end of 2021. Using the search engine software Publish or Perish (PoP), 400 manuscripts were obtained. Furthermore, manuscripts with high credibility were selected through double-blind review and journal categories. The results of the extraction of 240 article titles and their abstracts using VOSviewer revealed that the determinants of the research roadmap in the stock market during the COVID-19 outbreak were divided into four clusters, namely: 1) an increase in cryptocurrencies such as bitcoin due to the spillover of oil and gold prices; 2) international stock market response and behavior; 3) major stock market performance results such as stock returns and equity; and 4) changes in stock market dynamics in the form of volatility and investor attention.

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    • Figure 1. The number of articles on the topic of “The stock market throughout the COVID-19 pandemic” published in Scopus indexed journals from 2020 to 2021
    • Figure 2. Pie diagram of the top 15 most productive authors on the topic of “The stock market throughout the COVID-19 pandemic” published in Scopus indexed journals from 2020 to 2021
    • Figure 3. Network visualization on the Scopus database of “The stock market throughout the COVID-19 pandemic”
    • Figure 4. Overlay visualization on the Scopus database of “The stock market throughout the COVID-19 pandemic”
    • Figure 5. Density visualization on the Scopus database of “The stock market throughout the COVID-19 pandemic”
    • Table 1. Refinement of search results
    • Table 2. Academic articles with the most citations (> 100 times).
    • Table 3. The most constructive scientific journals related to this study (2020–2021).
    • Tabel 4. The most productive countries published articles on this study
    • Conceptualization
      Zulfikar Zulfikar
    • Data curation
      Zulfikar Zulfikar
    • Formal Analysis
      Zulfikar Zulfikar
    • Funding acquisition
      Zulfikar Zulfikar
    • Investigation
      Zulfikar Zulfikar
    • Methodology
      Zulfikar Zulfikar
    • Project administration
      Zulfikar Zulfikar
    • Resources
      Zulfikar Zulfikar
    • Software
      Zulfikar Zulfikar
    • Supervision
      Zulfikar Zulfikar
    • Validation
      Zulfikar Zulfikar
    • Visualization
      Zulfikar Zulfikar
    • Writing – original draft
      Zulfikar Zulfikar
    • Writing – review & editing
      Zulfikar Zulfikar