Bibliometric analysis of portfolio diversification focusing on alternative investments
Portfolio diversification, a key investment management strategy, traditionally involved stocks, bonds, and cash. However, the growing complexity of financial markets has led to increased interest in alternative investments such as hedge funds, private equity, real estate, commodities, an...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2025-01-01
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| Series: | Ekonomski Anali |
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| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2025/0013-32642545171H.pdf |
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| author | Hristovski Goran Gockov Gjorgji Merdzan Gjunter |
| author_facet | Hristovski Goran Gockov Gjorgji Merdzan Gjunter |
| author_sort | Hristovski Goran |
| collection | DOAJ |
| description | Portfolio diversification, a key investment management strategy,
traditionally involved stocks, bonds, and cash. However, the growing
complexity of financial markets has led to increased interest in alternative
investments such as hedge funds, private equity, real estate, commodities,
and cryptocurrencies due to their low correlations with traditional assets.
This study aims to explore the evolving role of alternative investments in
portfolio diversification by conducting a bibliometric analysis of 405
articles from the Web of Science database. The analysis provides insights
into the most frequently cited articles, journals, co-author teams,
individual authors, organisations, and countries. Additionally, it includes
sentiment analysis of abstracts, followed by keyword co-occurrence,
bibliographic coupling, and co-citation analysis. The findings reveal a
marked increase in research activity on alternative investments over the
past five years, peaking in 2019. Key themes identified include portfolio
optimisation, asset allocation, and the integration of traditional and
alternative investments, underscoring the growing significance of
alternative assets in modern investment strategies. These findings have
implications for both the academic community and practitioners, enhancing
the understanding of alternative investments in portfolio diversification
and informing future research and investment strategies. |
| format | Article |
| id | doaj-art-5427bb660c4e4dd3878e08c07bebc587 |
| institution | Kabale University |
| issn | 0013-3264 1820-7375 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj-art-5427bb660c4e4dd3878e08c07bebc5872025-08-20T03:31:33ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752025-01-017024517120210.2298/EKA2545171H0013-32642545171HBibliometric analysis of portfolio diversification focusing on alternative investmentsHristovski Goran0https://orcid.org/0000-0001-7890-7460Gockov Gjorgji1https://orcid.org/0000-0002-1780-6129Merdzan Gjunter2https://orcid.org/0000-0002-1894-9623Faculty of Economics, Ss. Cyril and Methodius University in SkopjeFaculty of Economics, Ss. Cyril and Methodius University in SkopjeFaculty of Economics, Ss. Cyril and Methodius University in SkopjePortfolio diversification, a key investment management strategy, traditionally involved stocks, bonds, and cash. However, the growing complexity of financial markets has led to increased interest in alternative investments such as hedge funds, private equity, real estate, commodities, and cryptocurrencies due to their low correlations with traditional assets. This study aims to explore the evolving role of alternative investments in portfolio diversification by conducting a bibliometric analysis of 405 articles from the Web of Science database. The analysis provides insights into the most frequently cited articles, journals, co-author teams, individual authors, organisations, and countries. Additionally, it includes sentiment analysis of abstracts, followed by keyword co-occurrence, bibliographic coupling, and co-citation analysis. The findings reveal a marked increase in research activity on alternative investments over the past five years, peaking in 2019. Key themes identified include portfolio optimisation, asset allocation, and the integration of traditional and alternative investments, underscoring the growing significance of alternative assets in modern investment strategies. These findings have implications for both the academic community and practitioners, enhancing the understanding of alternative investments in portfolio diversification and informing future research and investment strategies.https://doiserbia.nb.rs/img/doi/0013-3264/2025/0013-32642545171H.pdfportfolio diversificationalternative investmentsbibliometric analysisdata visualisation and analysis |
| spellingShingle | Hristovski Goran Gockov Gjorgji Merdzan Gjunter Bibliometric analysis of portfolio diversification focusing on alternative investments Ekonomski Anali portfolio diversification alternative investments bibliometric analysis data visualisation and analysis |
| title | Bibliometric analysis of portfolio diversification focusing on alternative investments |
| title_full | Bibliometric analysis of portfolio diversification focusing on alternative investments |
| title_fullStr | Bibliometric analysis of portfolio diversification focusing on alternative investments |
| title_full_unstemmed | Bibliometric analysis of portfolio diversification focusing on alternative investments |
| title_short | Bibliometric analysis of portfolio diversification focusing on alternative investments |
| title_sort | bibliometric analysis of portfolio diversification focusing on alternative investments |
| topic | portfolio diversification alternative investments bibliometric analysis data visualisation and analysis |
| url | https://doiserbia.nb.rs/img/doi/0013-3264/2025/0013-32642545171H.pdf |
| work_keys_str_mv | AT hristovskigoran bibliometricanalysisofportfoliodiversificationfocusingonalternativeinvestments AT gockovgjorgji bibliometricanalysisofportfoliodiversificationfocusingonalternativeinvestments AT merdzangjunter bibliometricanalysisofportfoliodiversificationfocusingonalternativeinvestments |