Reviewing Literature on Financial Contagion: Bibliometric-content Analysis Approach

This research presents a scientific review of the existing literature on financial contagion, employing a bibliometric-content analysis approach to synthesize both quantitative and qualitative aspects of the research. Using 1,813 articles published on Scopus (1989–2024), the study unveils key metrics of research performance, including most influential authors, prominent journals, and highly impactful articles. Based on a descriptive analysis, the study highlights Allen F. (Shaen Corbet) as the most influential author based on the number of citations (number of articles). Contrary to prior research, the present study is one of its kind to unveil four critical knowledge clusters through content analysis, including (a) contagion analysis of global events, (b) financial spillovers in the banking sector, (c) financial contagion in the stock market, and (d) financial contagion in cryptocurrencies and emerging economies, along with future research directions. These knowledge themes explain the evolution of financial contagion as a unique domain. The present study, through scientific mapping of intellectual structures, provides critical implications for scholars and practitioners to direct their efforts and resources toward the underexplored research areas and deepen the domain of financial contagion.