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Review of Research on Determinants of Stock Profitability: A Bibliometric Analysis Cover

Review of Research on Determinants of Stock Profitability: A Bibliometric Analysis

Open Access
|Sep 2025

Abstract

This paper examines the determinants of stock returns, a critical area for investors and scholars aiming to understand and predict stock market performance. Through analyzing emerging research trends, this study enriches academic discourse and offers practical insights for investors, enabling informed decision-making. Specifically, it qualitatively and quantitatively analyzes 1,756 articles published from 1986 to 2023, identifying key authors, journals, and studies that define the current knowledge landscape while also pinpointing research gaps and topics for future study. The study employs descriptive and network analysis, including bibliometric methods, to systematically assess publication trends and critically examine the literature on stock price determinants. These methods facilitate an objective overview of a substantial research corpus, addressing the primary aims of this work. By adopting a systematic bibliometric approach, this study offers a comprehensive evaluation of stock profitability determinants, shedding new light on key factors influencing stock returns. It highlights research quality, trends, significant contributors, and their geographical and institutional affiliations while mapping relationships across these factors. Moreover, it raises relevant questions and recommends directions for future research and cross-disciplinary collaboration, reinforcing the findings’ validity and reliability. This research emphasizes interdisciplinary dialogue and highlights the importance of collaborative efforts to advance understanding of the determinants of stock returns.

DOI: https://doi.org/10.2478/sbe-2025-0027 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120
Language: English
Page range: 113 - 136
Published on: Sep 4, 2025
Published by: Lucian Blaga University of Sibiu
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2025 Vasco Ferreira, Luís Almeida, Victor Moutinho, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.