Title: Geopolitical risks and financial markets: a 27-year bibliometric study of global financial trends

Authors: Kshitij Kumar; Bateshwar Singh

Addresses: Department of Commerce and Financial Studies, Central University of Jharkhand, Ranchi, 835222, India ' Department of Commerce and Financial Studies, Central University of Jharkhand, Ranchi, 835222, India

Abstract: The present research conducts a thorough bibliometric examination of the correlation between geopolitical risks and financial markets between 1997 and 2024. The analysis is conducted using R studio and VOSViewer, with data sourced from Scopus and Web of Science (WoS) databases. The research output has a yearly growth rate of 19.58%, showing significant increase in scholarly interest in this topic. Resources Policy and Energy Economics have made significant contributions in understanding the interplay between geopolitical risk and market volatility. China and India emerged as leaders in the global research collaborations. Thematic evolution reflects a shift from early concerns about financial crises and stock market volatility to recent issues such as climate policy uncertainty and clean energy. Looking ahead, future research should explore new-age risks like cyber warfare and pandemics, with integrating machine learning techniques to enhance the predictive analyses of geopolitical risks on financial markets.

Keywords: bibliometric analysis; geopolitical risk; financial markets; market volatility; RStudio; biblioshiny.

DOI: 10.1504/IJTGM.2025.148622

International Journal of Trade and Global Markets, 2025 Vol.21 No.4, pp.462 - 484

Received: 07 May 2025
Accepted: 23 Jun 2025
Published online: 15 Sep 2025 *

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