Financial Literacy and Investment Behavior of Women – A Bibliometric Analysis

Abstract

This research provides a bibliometric analysis of the materials available regarding the level of financial literacy and investment decisions of women. The paper investigates a systematic bibliometric analysis, including articles ranging from 2014 to 2024, from the Scopus and Web of Science databases. The bibliometric analysis was processed through RStudio and Biblioshiny to produce co-citation networks, keywords, and the depiction of themes over the years. This study highlighted increasing attention toward women investing; their knowledge and behaviour in the rapidly developing markets and sustainable investment. This involves age and marital status, affirming that young and single females exhibit a lower level of financial literacy than older married females because the latter acquire some financial literacy from managing finances in their homes. Also, employed women have relatively better financial literacy because women need to get the chance to manage some of the financial aspects independently. Thus, women have limited financial literacy.