Exploring Trends and Advancements in Financial Distress Prediction Research: A Bibliometric Study


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Authors

  • Soumya Ranjan Sethi Research Scholar, School of Management, National Institute of Technology, Rourkela, India
  • Dushyant Ashok Mahadik School of Management, National Institute of Technology, Rourkela, India.
  • Rajkiran V. Bilolikar Centre for Energy Studies, Administrative Staff College of India, Hyderabad, India

DOI:

https://doi.org/10.32479/ijefi.15472

Keywords:

Financial Distress Prediction, Bibliometric Analysis, Forecasting, Financial Distress, Risk

Abstract

Due to the growing complexity and unpredictability of contemporary markets as evidenced by the financial crisis of the past ten years, the field of financial distress prediction (FDP) research is receiving more attention. For creditors, investors, and other stakeholders to make well-informed decisions on their financial relationships with a given entity, financial distress prediction is essential. This paper identified the risk indicators that are the cause of financial distress and latest tools and methods to predict financial distress with identifying the risk management strategies for eradicate the distress condition. In this context, this study explores the landscape of the literature published in this area.  We have used systematic and bibliometric approach for studying the existing literature. For the study, we have collected articles from the Scopus database for the period 1985 to 2022. Science mapping technique has been used for the analysis data has been conducted with the help of Vosviewer and Biblioshiny software. Various important component of a literature review like most relevant authors, most relevant sources, keywords co-occurrence network, thematic analysis and others have been explored. The study will help the scholars and future researchers in getting a comprehensive understanding and insights in the concerned field and add to the existing body of literature.

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Author Biography

Dushyant Ashok Mahadik, School of Management, National Institute of Technology, Rourkela, India.

Dushyant Ashok Mahadik is an Assistant Professor In school of Management, National Institute of Technology, Rourkela. He has finished his PhD at University of Hyderabad, India. His specialization areas are Risk management, Corporate Governance, and Infrastructure Development. He has got different experience in different fields not only in teaching but also in industry. He has published and presented at national and international conferences in his career and Chevening fellow at Said Business School, University of Oxford, United Kingdom, 2017.

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Published

2024-01-20

How to Cite

Sethi, S. R., Mahadik, D. A., & Bilolikar, R. V. (2024). Exploring Trends and Advancements in Financial Distress Prediction Research: A Bibliometric Study. International Journal of Economics and Financial Issues, 14(1), 164–179. https://doi.org/10.32479/ijefi.15472

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Articles