Investor sentiment is the result of trading behavior and irrational beliefs of investors leading to high volatility and market mispricing. This review aims to study the entire spectrum of articles in the domain of investor sentiment using a bibliometric analysis approach. To this end, the study analyzes a total of 1,919 articles published in the Scopus database between 1979 and 2022. The review uncovers major themes, leading authors, influencing articles, trend topics, top contributing countries, and affiliations. The review shows that the research in the domain of investor sentiment is growing exponentially with an annual growth rate of 15.88%, and the year 2020 witnessed the highest number of scientific productions accounting for 252 (13.68%) total publications. The results display that the USA and China are leading countries in terms of the total contribution and volume of studies from respective authors. The review also reveals that existing research in the field has mainly focused on themes such as market efficiency, asset pricing, stock returns, sentiment analysis, IPO underpricing, overreaction, and volatility, whereas Covid-19 and Bitcoin depicted as emerging themes from recent scholarly works.
As India has set its ambitious target of reaching renewable energy by 2050, it has shown overwhelming interest in Environmental, Social, and Governance (ESG) focused financial products. However, studies on the Indian green bond market are sparse, besides its divergent role in terms of green bond issuance from an emerging market’s perspective. This study aims to fill this gap by employing a systematic review of the literature, emphasizing green bond market growth, the limiting factors, and its future development. This review examined papers published between 2010 and 2022. The review demonstrates that the lack of proper framework, high transaction costs, non-labeling of bonds, higher greenwashing, issuers’ poor creditworthiness, less government involvement, unattractive sovereign rate, unavailability of financial benefits, and lack of awareness have suppressed the rapid expansion of this market. The study based on its findings suggests effective policy measures with the expectation of the active involvement of multiple stakeholders.
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