Exploring behavioural bias affecting investment decision-making: a network cluster based conceptual analysis for future research

Abstract

PurposeThis study systematically explores the patterns and connections in the behavioural bias and investment decisions of the existing literature in the Scopus database published between 2007 and 2022. The purpose of this paper is to address this issue.FindingsIn the article it was determined which contributed documents were the most significant in this particular subject area along with the citations, publications and nations that were associated with them. The bibliographic coupling offered more in-depth insights into the papers by organizing them into distinct groups. The pattern of the publications has been brought to light, and the connection between different types of literature has provided insight into the path that future studies should take.Research limitations/implicationsThis study considered only articles from the Scopus database. Future studies can be based on papers that have been published in other databases.Originality/valueThe outcome of this study provides valuable insights into the intellectual structure and biases of investors and adds value to existing knowledge. This review provides a road map for the future trend of research on behavioural bias and investment decisions.