Purpose: This study aimed to conduct a bibliometric analysis of the Indian Journal of Finance to uncover key contributions and highlight emerging research trends in finance.

Methodology: Utilizing the SPAR-4-SLR protocol, 739 documents published in the journal between 2010 and 2024 were selected from the Scopus database and examined using VOS-viewer and R-studio software.

Findings: The analysis highlighted publication trends, citation patterns, influential authors, and countries, along with the thematic evolution of research. The peak publication was recorded in 2010, while 2018 marked the most impactful year. The most cited paper received 35 citations, with Kumar, S., and Tripathi as prominent contributors. The thematic developments were mapped across three distinct periods.Practical

Implications: The insights gained offered a foundation for future research in finance by identifying unexplored areas and methodological best practices for conducting rigorous research.Originality/

Value: The study contributed significantly to academic and professional communities by mapping out a comprehensive framework of key theories, variables, constructs, and methodological strategies used in the field.

1. Agarwal, S. (2022). Deep learning in financial analytics: Exchange rate modelling. Indian Journal of Finance,16(9), 8–25. https://doi.org/10.17010/ijf/2022/v16i9/172157
2. Aggarwal, S., & Khurana, S. (2018). Empirical examination of stock market volatility: An international comparison. Indian Journal of Finance,12(1), 47–61. https://doi.org/10.17010/ijf/2018/v12i1/120741
3. Agrawal, P. K., Nandan, T., & Singh, A. P. (2021). Integration of the Indian stock market with select Asian stock markets: An analysis. Indian Journal of Finance,15(8), 40–51. https://doi.org/10.17010/ijf/2021/v15i8/165817
4. Ahmad, S., & Saxena, C. (2023). Mapping of insurance technology (insur-tech) research: A bibliometric analysis. In A. Swaroop, V. Kansal, G. Fortino, & A. E. Hassanien (eds.), Proceedings of Fourth Doctoral Symposium on Computational Intelligence (Vol. 726, pp. 715–728). Springer Nature. https://doi.org/10.1007/978-981-99-3716-5_58
5. Ahuja, B. R., & Singhal, N. (2014). Assessing the financial soundness of companies with special reference to the Indian textile sector: An application of the Altman Z score model. Indian Journal of Finance, 8(4), 38–48. https://doi.org/10.17010/ijf/2014/v8i4/71922
6. Annapurna, V., & Manchala, G. (2017). Balanced scorecard evaluation of the performance of Indian public sector banks. Indian Journal of Finance,11(9), 7–21. https://doi.org/10.17010/ijf/2017/v11i9/118085
7. Arkanuddin, M. F., Saragih, F. D., & Nugroho, B. Y. (2021). The key role of the financial regulation in fintech ecosystem: A model validation. Studies of Applied Economics, 39(12). https://doi.org/10.25115/eea.v39i12.6239
8. Arora, A. K., Kumar, S., & Kansal, A. (2024). Analysis of retail investors' attitudes toward IPO investments. Indian Journal of Finance,18(9), 42–57. https://doi.org/10.17010/ijf/2024/v18i9/174459
9. Arora, M., & Singh, S. (2015). An evaluation of the non performing assets of public and private sector banks under the SHG bank linkage programme. Indian Journal of Finance, 9(6), 41–50. https://doi.org/10.17010/ijf/2015/v9i6/71161
10. Babu, M., & Srinivasan, S. (2014). Testing the co-integration in Indian commodity markets: A study with reference to Multi Commodity Exchange India Ltd. Indian Journal of Finance, 8(3), 35–43. https://doi.org/10.17010/ijf/2014/v8i3/71961
11. Balakrishnan, A., & Maiti, M. (2017). Dynamics of size and value factors in stock returns: Evidence from India. Indian Journal of Finance, 11(6), 21–35. https://doi.org/10.17010/ijf/2017/v11i6/115593
12. Basri, S., & Shetty, D. (2018). Predicting e-banking adoption: An evalution of perception and behavioural intentions of small and medium enterprises in Karnataka. Indian Journal of Finance, 12(7), 28–41. https://doi.org/10.17010/ijf/2018/v12i7/129969
13. Batra, G., & Munjal, A. (2018). An analytical study on determinants of capital structure composition during the post liberalization period in India. Indian Journal of Finance, 12(4), 20–36. https://doi.org/10.17010/ijf/2018/v12i4/122792
14. Behal, V., & Uppal, R. K. (2023). Factors impacting corporate social responsibility of top firms listed in India. Indian Journal of Finance, 17(6), 27–44. https://doi.org/10.17010/ijf/2023/v17i6/171974
15. Bhanumurthy, K. V., Singh, A. K., & Aggarwal, A. (2019). Macroeconomic antecedents of stock returns and exchange rate. Indian Journal of Finance, 13(6), 49–53. https://doi.org/10.17010/ijf/2019/v13i6/144848
16. Bhattacharjee, S., & Kaur, H. (2015). An overview of alternative currency: The Bitcoin. Indian Journal of Finance, 9(6), 51–60. https://doi.org/10.17010/ijf/2015/v9i6/71162
17. Cahyono, S. B., & Chawla, A. S. (2021). Capital structure among secondary sectors of Indonesian firms: Does business scale matter? Indian Journal of Finance, 15(10), 8–27. https://doi.org/10.17010/ijf/2021/v15i10/166509
18. Chandanani, P., Singh, K., & Majumdar, S. (2017). Market structure and competition in the banking industry: A review of literature. Indian Journal of Finance, 11(3), 58–76. https://doi.org/10.17010/ijf/2017/v11i3/111649
19. Chandra, P., & Chakraborty, S. K. (2014). Capital-market liberalization is certainly no paragon of virtues: A theoretical review. Indian Journal of Finance, 8(8), 27–43. https://doi.org/10.17010/ijf/2014/v8i8/71854
20. Chandra, S., & Awasthi, R. (2019). Insolvency risk: Issues and challenges for public sector commercial banks of India. Indian Journal of Finance, 13(12), 19–33. https://doi.org/10.17010/ijf/2019/v13i12/149266
21. Chellasamy, P., & Ponsabariraj, N. (2016). FDI in the retail sector and its impact on select macro-economic variables: A comparative study of India and China. Indian Journal of Finance, 10(6), 24–37. https://doi.org/10.17010/ijf/2016/v10i6/94876
22. Dangi, M., & Kohli, B. (2018). Role of behavioral biases in investment decisions: A factor analysis. Indian Journal of Finance, 12(3), 43–57. https://doi.org/10.17010/ijf/2018/v12i3/121997
23. Das, S., & Patnaik, B. C. (2015). Microfinance in eastern India: The role played by regional rural banks. Indian Journal of Finance, 9(11), 45–59. https://doi.org/10.17010/ijf/2015/v9i11/81133
24. De, A., & Banerjee, A. (2017). Capital structure and its determinants during the pre and post period of recession: Pecking order vs. trade off theory. Indian Journal of Finance, 11(1), 44–58. https://doi.org/10.17010/ijf/2017/v11i1/108961
25. Deepak, R., & Gowda, S. (2014). Informational asymmetry between informed and retail investors while investing in the Indian IPO market. Indian Journal of Finance, 8(9), 32–46. https://doi.org/10.17010//2014/v8i9/71850
26. Dhingra, D., Sharma, S., & Ashok, S. (2024). Testing the efficacy of bankruptcy prediction models: A study of Jet Airways. Indian Journal of Finance, 18(4), 8–24. https://doi.org/10.17010/ijf/2024/v18i4/173724
27. Dikshita, & Singh, H. (2019). Estimating and forecasting volatility using ARIMA model: A study on NSE, India. Indian Journal of Finance, 13(5), 37–51. https://doi.org/10.17010/ijf/2019/v13i5/144184
28. Dzung, P. T., Tung, N. X., Van, L. H., & Thanh, N. T. (2021). Experimental evidences for prospect theory in Vietnam. Indian Journal of Finance, 15(5–7), 26–43. https://doi.org/10.17010/ijf/2021/v15i5-7/164491
29. Eldhose, K. V., & Kumar, S. S. (2019). Determinants of financial leverage: An empirical analysis of manufacturing companies in India. Indian Journal of Finance, 13(7), 41–49. https://doi.org/10.17010/ijf/2019/v13i7/145534
30. Gaur, A., & Bansal, M. (2010). A comparative study of gold price movements in Indian and global markets. Indian Journal of Finance, 4(2), 32–46. https://www.indianjournaloffinance.co.in/index.php/IJF/article/view/72636
31. Gupta, N., & Gupta, V. (2023). The saga of Ruchi Soya Industries Limited: Could credit risk models predict bankruptcy? Indian Journal of Finance, 17(3), 64–76. https://doi.org/10.17010/ijf/2023/v17i3/172673
32. Gupta, P., & Jaiswal, K. K. (2020). Analysis of financial performance of selected public and private sector banks. Indian Journal of Finance, 14(1), 45–57. https://doi.org/10.17010/ijf/2020/v14i1/149856
33. Gupta, U., & Agarwal, B. (2023). The role of digital financial services on Indian MSMEs. Indian Journal of Finance, 17(2), 8–26. https://doi.org/10.17010/ijf/2023/v17i2/170125
34. Gurinovich, A. G., & Shakhmametiev, A. A. (2023). Taxation of economic cross-border operations for providing services in electronic form. Indian Journal of Finance, 17(10), 8–20. https://doi.org/10.17010/ijf/2023/v17i10/171602
35. Heggede, S., & Jadhav, A. M. (2021). Regulatory changes and role of audit committee: Indian evidence. Indian Journal of Finance, 15(3), 8–22. https://doi.org/10.17010/ijf/2021/v15i3/158126
36. Himanshu, & Madhur. (2020). Intellectual capital performance: A case study of public sector banks in India. Indian Journal of Finance, 14(10–11), 43–53. https://doi.org/10.17010/ijf/2020/v14i10-11/155970
37. Isidore, R. R., & Christie, P. (2018). Investment behavior of secondary equity investors: An examination of the relationship among the biases. Indian Journal of Finance, 12(9), 7–20. https://doi.org/10.17010/ijf/2018/v12i9/131556
38. Jagannathan, U. K., & Khan, N. (2019). A study on factors related to market capitalization in Indian manufacturing firms. Indian Journal of Finance, 13(12), 50–61. https://doi.org/10.17010/ijf/2019/v13i12/149268
39. Jain, S., Dhillon, L. K., Aggarwal, R., & Bagga, T. (2023). Corporate governance mechanism, ownership structure, and firm performance: Evidence from India. Indian Journal of Finance, 17(9), 25–40. https://doi.org/10.17010/ijf/2023/v17i9/173182
40. Kalra, N., & Gupta, G. (2023). Impact of economic policy uncertainty on the Indian stock market: An empirical investigation. Indian Journal of Finance, 17(3), 50–63. https://doi.org/10.17010/ijf/2023/v17i3/172672
41. Kar, B., & Das, P. P. (2022). Impact of sector and region on survival and closure. Indian Journal of Finance, 16(2), 8–23. https://doi.org/10.17010/ijf/2022/v16i2/160397
42. Kaur, H., & Singh, R. (2019). Modelling volatility clustering and asymmetry: A study of Indian index futures markets. Indian Journal of Finance, 13(3), 51–65. https://doi.org/10.17010/ijf/2019/v13i3/142269
43. Khan, F. M., Anas, M., & Uddin, S. M. (2024). Anthropomorphism and consumer behaviour: A SPAR‐4‐SLR protocol compliant hybrid review. International Journal of Consumer Studies, 48(1), Article ID e12985. https://doi.org/10.1111/ijcs.12985
44. Khanna, S., & Kumar, A. (2020). GARCH and TGARCH approach to information linkages. Indian Journal of Finance, 14(8–9), 35–51. https://doi.org/10.17010/ijf/2020/v14i8-9/154947
45. Kotishwar, A. (2018). Impact of digitalization on select banks. Indian Journal of Finance, 12(12), 32–51. https://doi.org/10.17010/ijf/2018/v12i12/139890
46. Kumar, R., & Chandel, K. (2010). Nurturing corporate culture with the wisdom of the GITA - A gateway for good governance. Prabandhan: Indian Journal of Management, 3(7), 3–11. https://doi.org/10.17010/pijom/2010/v3i7/61059
47. Kumar, R. (2011). Governance and trusteeship philosophy in the 2 G saga. Prabandhan: Indian Journal of Management, 4(4), 12–22. https://doi.org/10.17010/pijom/2011/v4i4/62411
48. Kumar, R., & Verma, Y. (2011). Ethical dimensions of corporate governance in the neoliberal era. Amity Global Business Review, 6(1), 91–104. https://www.researchgate.net/publication/378109098
49. Kumar, D. S. (2017). Housing finance snags faced by Indian home loan mortgagors: A matter-of-fact study. Indian Journal of Finance, 11(11), 56–65. https://doi.org/10.17010/ijf/2017/v11i11/119342
50. Kumar, K. V., & Rao, P. S. (2016). A book review of “strategic financial management: Managing for value creation” by Dr. Prasanna Chandra. Indian Journal of Finance, 10(12), 56–64. https://doi.org/10.17010/ijf/2016/v10i12/106899
51. Kumar, N., & Goel, D. (2024). Macroeconomic determinants of price dynamics in the Indian stock market. Indian Journal of Finance, 18(9), 25–41. https://doi.org/10.17010/ijf/2024/v18i9/174457
52. Kumar, S. S., & Bindu, C. (2018). Determinants of capital structure: An exclusive study of passenger car companies in India. Indian Journal of Finance, 12(5), 43–53. https://doi.org/10.17010/ijf/2018/v12i5/123695
53. Kuznetsova, N. V., & Kuznetsova, E. V. (2015). Economic security outlook for India in a world of growing political uncertainty. Indian Journal of Finance, 9(7), 43–56. https://doi.org/10.17010//2015/v9i7/72353
54. Lethesh, M., & Reddy, C. V. (2023). Price discovery mechanism in the Indian agricultural commodity futures market – An empirical analysis. Indian Journal of Finance, 17(12), 8–25. https://doi.org/10.17010/ijf/2023/v17i12/172823
55. Lithin, B. M., Chakraborty, S., & Nikhil, M. N. (2023). Are liquidity and credit risk key determinants of corporate credit spreads (CCS) in India? Indian Journal of Finance, 17(6), 8–26. https://doi.org/10.17010/ijf/2023/v17i6/172773
56. Makkar, M. K., Ghayas, A., & Gupta, N. (2023). Performance of conventional and sustainable index in pre and during the COVID-19 pandemic: A comparative analysis. Indian Journal of Finance, 17(5), 39–52. https://doi.org/10.17010/ijf/2023/v17i5/172736
57. Mohania, S., & Mainrai, G. (2020). The COVID-19 pandemic and its impact on the banking industry—A case of National Bank Ltd. Indian Journal of Finance, 14(8–9), 80–89. https://doi.org/10.17010/ijf/2020/v14i8-9/154950
58. Narsimhulu, S., & Satyanarayana, S. V. (2016). Efficiency of commodity futures in price discovery and risk management: An empirical study of agricultural commodities in India. Indian Journal of Finance, 10(10), 7–26. https://doi.org/10.17010/ijf/2016/v10i10/102990
59. Nayyar, A., & Singh, I. (2018). A comprehensive analysis of goods and services tax (GST) in India. Indian Journal of Finance, 12(2), 57–71. https://doi.org/10.17010/ijf/2018/v12i2/121377
60. Patel, R. J. (2017). Co-movement and integration among stock markets: A study of 14 countries. Indian Journal of Finance, 11(9), 53–68. https://doi.org/10.17010/ijf/2017/v11i9/118089
61. Patel, R. J., Gandhi, D. J., Patel, M. K., & Modi, T. M. (2023). Integration of bond markets and portfolio diversification: Evidence from the 2008 global financial crisis. Indian Journal of Finance, 17(4), 27–44. https://doi.org/10.17010/ijf/2023/v17i4/172697
62. Patel, R., Patel, M., & Patel, N. (2018). Impact of microfinance on women empowerment: A study of rural Gujarat. Indian Journal of Finance, 12(8), 22–35. https://doi.org/10.17010/ijf/2018/v12i8/130742
63. Pathak, T. (2018). Linkages between global capital flows, stock market, and monetary policy: Evidences from India. Indian Journal of Finance, 12(2), 26–42. https://doi.org/10.17010/ijf/2018/v12i2/121369
64. Perumandla, S., & Kurisetti, P. (2018). Time-varying correlations, causality, and volatility linkages of Indian commodity and equity markets: Evidence from DCC–GARCH. Indian Journal of Finance, 12(9), 21–40. https://doi.org/10.17010/ijf/2018/v12i9/131558
65. Pillai, K. R. (2018). Temporal and institutional essence of non-performing assets in banks: An Indian scenario. Indian Journal of Finance, 12(3), 58–68. https://doi.org/10.17010/ijf/2018/v12i3/121998
66. Prihandini, W. (2017). Determinants of tax inspection in Indonesia Stock Exchange. Indian Journal of Finance, 11(2), 52–64. https://doi.org/10.17010/ijf/2017/v11i2/110236
67. Ray, K. K., & Das, C. (2024). Nonlinear response of fuel price returns to monetary policy: A regime-switching approach. Indian Journal of Finance, 18(1), 42–56. https://doi.org/10.17010/ijf/2024/v18i1/172011
68. Reddy, M. M. (2016). Impact of FDI on performance of select private sector banks in India. Indian Journal of Finance, 10(3), 52–65. https://doi.org/10.17010/ijf/2016/v10i3/89024
69. Rekha, I. S., Basri, S., & Kavitha, T. C. (2020). Acceptance of internet banking: Comparing six theoretical models. Indian Journal of Finance, 14(3), 7–21. https://doi.org/10.17010/ijf/2020/v14i3/151073
70. Riyazahmed, K., & Sriram, M. (2024). Do cash holdings impact the financials of companies? Evidence from India. Indian Journal of Finance, 18(3), 8–24. https://doi.org/10.17010/ijf/2024/v18i3/173614
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77. Sharma, P., & Gupta, S. (2019). A comparative study on effect of IFRS on profitability of selected companies in developed and developing countries. Indian Journal of Finance, 13(6), 65–73. https://doi.org/10.17010/ijf/2019/v13i6/144852
78. Siddik, M. N., Sun, G., & Kabiraj, S. (2015). Financial inclusion and its determinants: A study of Bangladesh. Indian Journal of Finance, 9(6), 7–29. https://doi.org/10.17010/ijf/2015/v9i6/70988
79. Sifolo, P. P., & Sokhela, P. (2022). Digitalization opportunities for tourism micro-entrepreneurship in South Africa: An academic gaze. Indian Journal of Finance, 16(12), 8–25. https://doi.org/10.17010/ijf/2022/v16i12/172568
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81. Singh, H. P., Goyal, N., & Kumar, S. (2016). Behavioural biases in investment decisions: An exploration of the role of gender. Indian Journal of Finance, 10(6), 51–62. https://doi.org/10.17010/ijf/2016/v10i6/94879
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83. Singh, R. K., Kumar, A., & Singh, Y. (2024). Mapping the influence of the COVID-19 pandemic on the Indian economy: Insights from the smart PLS-SEM approach with IPMA. Indian Journal of Finance, 18(7), 25–43. https://doi.org/10.17010/ijf/2024/v18i7/174031
84. Singh, R. K., Singh, Y., Kumar, S., Kumar, A., & Alruwaili, W. S. (2024). Mapping risk–return linkages and volatility spillover in BRICS stock markets through the lens of linear and non-linear GARCH models. Journal of Risk and Financial Management, 17(10), 437. https://doi.org/10.3390/jrfm17100437
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86. Srivastava, H., Solomon, P., & Singh, S. P. (2022). Oversubscription of initial public offerings of SMEs in India: A quantile regression analysis. Indian Journal of Finance, 16(7), 42–56. https://doi.org/10.17010/ijf/2022/v16i7/170634
87. Suresh, G., & Loang, O. K. (2024). The rationality conundrum: Exploring herd mentality among individual investors in the Indian stock market. Indian Journal of Finance, 18(6), 26–45. https://doi.org/10.17010/ijf/2024/v18i6/173967
88. Syed, A. A., & Tripathi, R. (2019). Non-performing loans in BRICS nations: Determinants and macroeconomic impact. Indian Journal of Finance, 13(2), 22–35. https://doi.org/10.17010/ijf/2019/v13i2/141684
89. Syed, A. A., Tripathi, R., & Deewan, J. (2021). Investigating the impact of the first and second waves of the COVID-19 pandemic on the Indian stock and commodity markets: An ARDL analysis of gold, oil, and stock market prices. Indian Journal of Finance, 15(12), 8–21. https://doi.org/10.17010/ijf/2021/v15i12/167306
90. Tripathi, R., Yadav, N., & Shastri, R. K. (2016). Financial inclusion in India through Pradhan Mantri Jan Dhan Yojana: An empirical analysis of statistical evidence. Indian Journal of Finance, 10(10), 42–55. https://doi.org/10.17010/ijf/2016/v10i10/103014
91. Vaghela, P. S., Kapadia, J. M., Patel, H. R., & Patil, A. G. (2023). Effect of financial literacy and attitude on financial behavior among university students. Indian Journal of Finance, 17(8), 43–57. https://doi.org/10.17010/ijf/2023/v17i8/173010
92. Venkataramanaiah, M., Latha, C. M., & Rao, K. S. (2018). Determinants of dividend policy in the Indian corporate sector: A study of companies listed on Nifty 50, NSE. Indian Journal of Finance, 12(1), 37–46. https://doi.org/10.17010/ijf/2018/v12i1/120740
93. Verma, Y., & Garg, P. (2016). Pradhan Mantri Jan Dhan Yojana (PMJDY): A step towards eradicating financial untouchability. Indian Journal of Finance, 10(1), 56–64. https://doi.org/10.17010/ijf/2016/v10i1/85845
94. Vijaykumar, N. V., & Naidu, G. J. (2016). Does microfinance training enhance the financial literacy among members of self-help groups? Indian Journal of Finance, 10(7), 22–33. https://doi.org/10.17010/ijf/2016/v10i7/97247
95. Vijaykumar, N. V., & Tripathi, A. (2022). A revised paradigm for calculating the NPA percentage in banks. Indian Journal of Finance, 16(11), 40–55. https://doi.org/10.17010/ijf/2022/v16i11/172463
96. Viswanathan, P. K., & Muthuraj, M. (2019). Factors leading to non - performing assets (NPAs): An empirical study. Indian Journal of Finance, 13(10), 55–64. https://doi.org/10.17010/ijf/2019/v13i1/141051
97. Zerihun, M. F., & Mashigo, M. P. (2022). Municipal services and financial performance of three metropolitan municipalities in South Africa. Indian Journal of Finance, 16(12), 43–56. https://doi.org/10.17010/ijf/2022/v16i12/172570