Public policy and financial regulation in preventing and combating financial fraud: a bibliometric analysis

  • Received April 12, 2023;
    Accepted June 14, 2023;
    Published June 30, 2023
  • Author(s)
  • DOI
  • Article Info
    Volume 12 2023, Issue #1, pp. 48-61
  • Cited by
    4 articles

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This work is licensed under a Creative Commons Attribution 4.0 International License

This study aims to conduct a bibliometric analysis on the topic of public policy and financial regulation in preventing and combating financial fraud using a variety of bibliometric methods and tools, including the in-built tools of Scopus by Elsevier (SciVal) and Web of Science by Clarivate Analytics, as well as VOSviewer software. The most relevant publications related to the search terms were identified. Based on the results, a map illustrating the interrelationships of concepts such as “financial fraud,” “public policy,” and “financial regulation” with other categories was created, allowing for the identification of five clusters, each of which was characterized in detail. The results of the evolutionary and temporal analysis of scientific research showed that before 2000, scholars focused on the legislative aspects of combating financial fraud; from 2000 to 2015, on risk management and the impact of financial fraud on economic growth; from 2016 to the present, on the search for methods and tools to detect and combat financial fraud. The spatial analysis confirmed a predominantly intercontinental connection between researchers. The comparison of subject areas demonstrated the interdisciplinary nature of the study, with a predominant focus on the fields of “computer science” and “economics, econometrics, and finance,” which is logical considering the economic nature and the ongoing technological transformation of financial fraud. The results can be utilized to develop new strategies, policies, and legislative initiatives to ensure financial integrity and increase confidence in financial systems.

This study is funded by the Ministry of Education and Science of Ukraine and contains the results of the projects No. 0123U101945 “National security of Ukraine through prevention of financial fraud and money laundering: War and post-war challenges”, 0121U109559 “National security through the convergence of financial monitoring systems and cyber security: Intelligent modelling of financial market regulation mechanisms” and by the Vega Agency No. 1/0638/23.

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    • Figure 1. Identification of the relationship between “financial fraud” AND “public policy” AND “financial regulation” with other concepts
    • Figure 2. Top 50 key phrases by relevance on the topic of public policy and financial regulation in combating financial fraud
    • Figure 3. Map of the density of connections between concepts
    • Figure 4. Visualization map of the contextual and temporal dimension of research
    • Figure 5. Spatial-temporal component of bibliometric analysis
    • Figure 6. Visualization map of co-authorship of scientists (criterion – country indicated in the affiliation)
    • Figure 7. Structural analysis of publications on public policy in the field of combating financial fraud by subject area
    • Figure 8. Top 100 topics and thematic clusters in the research area
    • Conceptualization
      Hanna Filatova, Serhiy Lyeonov
    • Data curation
      Hanna Filatova, Milos Tumpach, Nataliia Vynnychenko
    • Investigation
      Hanna Filatova, Yaroslav Reshetniak, Nataliia Vynnychenko
    • Project administration
      Hanna Filatova, Serhiy Lyeonov
    • Supervision
      Hanna Filatova
    • Writing – original draft
      Hanna Filatova
    • Writing – review & editing
      Hanna Filatova, Milos Tumpach, Yaroslav Reshetniak, Serhiy Lyeonov, Nataliia Vynnychenko
    • Formal Analysis
      Milos Tumpach, Yaroslav Reshetniak, Serhiy Lyeonov
    • Funding acquisition
      Milos Tumpach, Serhiy Lyeonov
    • Methodology
      Milos Tumpach, Yaroslav Reshetniak, Nataliia Vynnychenko
    • Visualization
      Milos Tumpach, Yaroslav Reshetniak
    • Resources
      Yaroslav Reshetniak, Nataliia Vynnychenko
    • Validation
      Serhiy Lyeonov, Nataliia Vynnychenko