Exploring the Research Journey of Investment-Cash Flow Sensitivity: A Bibliometric, SLR, and Content Analysis

This paper undertakes a novel endeavour to bridge the knowledge gap on Investment-Cash Flow Sensitivity (ICFS) through bibliometric analysis, analyzing 402 documents from Scopus and Web of Science databases spanning over three decades (1989-2022). The study not only identifies influential authors and papers but also illuminates major themes, publication trends, active institutions, and countries, thereby delineating the intellectual landscape of ICFS. Moreover, it evaluates current themes, identifies barriers to literature growth, and proposes directions for future research. Furthermore, it is recognized that there is a lack of cross-national collaboration in ICFS research, particularly among researchers from developed and developing nations. Notably, the underrepresentation of short-term investments, macroeconomic factors, and Environmental, Social, and Governance (ESG) considerations in the ICFS research domain is highlighted and can be used in future studies.