Mapping the Intellectual Structure of Share Buyback Studies: A Bibliometric Approach
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Abstract
This paper delineates the intellectual framework of share buyback research through a thorough bibliometric analysis. This research utilizes articles indexed in Scopus and employs co-citation, co-authorship, keyword co-occurrence, overlay, and density mapping approaches to identify prevailing topics, prominent authors, institutional networks, and patterns of worldwide collaboration. The findings indicate two principal research streams: a primary cluster based in corporate finance, emphasizing signaling theory, agency issues, governance mechanisms, payout policy, and earnings management; and a secondary cluster originating from operations and supply chain literature, concentrating on buyback contracts and coordination mechanisms. Although they utilize similar language, these streams are theoretically separate, highlighting the transdisciplinary nature of buyback research. The findings indicate that the United States functions as the primary center for academic output and collaboration, with notable contributions from Taiwan, India, France, and Switzerland. This study synthesizes structural trends and theme developments, offering a clear framework for future research that emphasizes prospects for theoretical integration, exploration of developing market situations, and enhancement of cross-disciplinary comprehension of buyback-related phenomena.
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