A bibliometric review of Market Microstructure literature: Current status, development, and future directions

We present a bibliometric literature review of the research conducted in the field of Market Microstructure over the past two decades. Covering 981 articles from the Web of Science (WOS) database published from 2004–2023, we summarise the publication trends and identify the most important contributo...

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Bibliographic Details
Published inFinance research letters Vol. 69; p. 106086
Main Authors V.K., Anand Krishnan, Chalissery, Meera Davi, Thomas, Sony
Format Journal Article
LanguageEnglish
Published Elsevier Inc 01.11.2024
Subjects
Bibliometric analysis
Content analysis
Market microstructure
Market microstructure
G20
C58
G13
G14
Bibliometric analysis
Content analysis
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Summary:We present a bibliometric literature review of the research conducted in the field of Market Microstructure over the past two decades. Covering 981 articles from the Web of Science (WOS) database published from 2004–2023, we summarise the publication trends and identify the most important contributors to the field. We map the conceptual structure and identify the popular themes using the Bibliometrix package run in R software. We also suggest several future research topics. Given the growing interest in applying high-frequency data in the finance literature, our study helps in understanding the application of Market Microstructure theories in modern financial markets. •The article examines the research developments in the field of Market Microstructure over the past 20 years.•We identify prominent authors, sources, institutions and countries that have contributed to the field.•We map different research clusters and major themes in the field.•The article also suggests several potential future research areas in microstructure literature.
ISSN:1544-6123
DOI:10.1016/j.frl.2024.106086