BIMTECH Business Perspectives
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Umra Rashid1, Javaid Akhter1 and Asif Akhtar1

First Published 26 Dec 2023.
Article Information Volume 4, Issue 2 December 2023
Corresponding Author:

Umra Rashid, Department of Business Administration, Aligarh Muslim University, Aligarh, Uttar Pradesh, India.

1 Department of Business Administration, Aligarh Muslim University, Aligarh, Uttar Pradesh, India

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License ( which permits non-Commercial use, reproduction and distribution of the work without further permission provided the original work is attributed.


A company’s capital structure has long captured the interest of academics, industry professionals and decision-makers in corporate finance. This scientometric review carefully examines the large body of research on capital structure decisions. Co-word and co-citation analyses were used as two scientometric analytic techniques. Combining these two techniques helps the researcher understand the studied issue’s evolution and the field’s overall picture. A final dataset of 4,873 was used to synthesise and analyse the capital structure-related research. To the best of our knowledge, there is no comprehensive scientometric review of the literature on the domain of capital structure with this extensive data corpus. This review uses a scientometric approach to analyse the evolution of capital structure research, identify emergent trends and highlight areas that necessitate further investigation. This research lays the groundwork for future scholarly endeavours that resonate with the intricacies of capital structure’s role in value creation and firm sustainability, thereby improving our understanding of capital structure decisions in the contemporary financial landscape.


Capital structure decisions, financial decisions, bibliometrix-R, scientometric review, VOSviewer



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