MAPPING THE EVOLUTION OF CAPITAL STRUCTURE THEORIES-A BIBLIOMETRIC ANALYSIS USING SCOPUS DATABASE

Abstract

This study is a comprehensive analysis that offers holistic review of academic literature in context of evolution of capital structure theories over the period of time using Scopus database. It aims to provide new perspectives in the scholarly landscape of capital structure by employing bibliometric analysis. It attempts to assess global research trends in the capital structure theories based on keywords, co-occurrences and co-authorships between the authors and the related countries. Further, this study uncovers emerging concepts and theories related to capital structure decisions. It also identifies the influential researchers of this arena and their contribution in the academic world that has also helped corporates in taking most appropriate decisions pertaining to their choice of finance mix. This study uses Scopus database and analyses 673 publications related to capital structure theories published from 1975 to 2024.