Page 112 - Azerbaijan State University of Economics

Amit Mishra, Vibhuti Tripathi: From Mobile Trading to Intelligent Investing:
A Bibliometric and Thematic Review of AI-Driven Financial Investments

Figure 1: Flowchart of the study based on PRISMA (Moher et al., 2010)
Source : Author’s own compilation

In stage 2 of screening, the study excluded the document type such as “conference
proceedings”, book chapters, review articles, book, and editorial and included
publications categorized as “articles”. Based on this, a total of 250 articles were
retained. In stage three, the publication classified in source type “trade journal” were
excluded, and only documents published in Journal category were included. In this
regard, 249 articles published in journal category were retained. Finally, based on
language screening, only articles published in journal which are in English were
selected for final synthesis of the study which yielded a total of 243.

2.3 Analyzing and Reporting Phase
The retrieved articles were analyzed using two software packages; “Biblioshiny” from
R 4.0.3 package program and “Vosviewer” using sequential techniques including year
and citation wise publications, Journal wise publications, Country wise publications
with citations, Authors in terms of publications with citations, Network Analysis,
Most cited articles, and Theme based cluster analysis, . The flow diagram based on
PRISMA framework (Moher et al., 2010) shown in Figure 1.

3. FINDINGS AND DISCUSSIONS
The findings showed that the 243 documents that were taken out of the Scopus
database were published in 190 different sources. The following are the study's
principal findings:

3.1 Year and citation wise publication
According to the search string, the first study was published in 1983 in the context of
retail investments; however research on mobile trading applications for investment
decisions has drawn attention among researchers starting in year 2013. Initially, only 1
document is published in the year 2013. However, subsequent years witnessed a
substantial surge in publications and citations within this domain. In particular, year 2021
recorded 20 publications and 744 citations, indicating a notable escalation in scholarly
attention and exploration after the covid pandemic 2019 as presented in Figure 2. The
growth in publications and citations are attributed to the rapid advancement of improved
digital infrastructure leading to transform in retail investment behavior and increasing the
adoption of technology-driven investment practices.

112