The Role of Academic Libraries in Supporting Research and Innovation in Marketing and Finance Studies

Abstract

Academic libraries today are not just repositories of books and journals; they are strategic partners in research, teaching, and knowledge transfer. In marketing and finance—fields characterized by fast-moving markets, voluminous proprietary datasets, sophisticated analytical methods, and an increasingly open-yet-fragmented scholarly communication ecosystem—libraries play a decisive role in enabling high-quality, innovative research. This paper synthesizes current practice and forward-looking strategies for academic libraries supporting marketing and finance studies. It maps the evolving information behaviors of scholars and students in these disciplines; surveys library services spanning licensed market/finance databases, data literacy and methodology support, research data management (RDM), bibliometrics and research impact, open-access (OA) and scholarly communication, IP and patent guidance, and digital scholarship infrastructure; and outlines how these services catalyze innovation through trading rooms, analytics labs, social-media and text-mining pipelines, and evidence-based decision support. The paper proposes an integrated framework—Libraries as Innovation & Analytics Facilitators (LIAF)—with practical steps, staffing profiles, and metrics to guide implementation. It concludes with a staged roadmap for institutions, paying particular attention to resource constraints, ethical data use, and partnerships with industry and government. While the focus is global, examples include resources and use cases relevant to South Asia.