Sanskara Ekonomi dan Kewirausahaan
Vol. 4 No. 03 (2026): Sanskara Ekonomi dan Kewirausahaan (SEK)

Idiosyncratic Risk in Corporate Finance: A Global Research Landscape

Indra Halim (Universitas Kristen Indonesia)
Yana Priyana (Universitas Nusa Putra)
Muhamad Ammar Muhtadi (Universitas Nusa Putra)
Muhammad Fithrayudi Triatmaja (Universitas Muhammadiyah Pekajangan Pekalongan)
Ferlinda Ainur Rachmani (Universitas Muhammadiyah Pekajangan Pekalongan)



Article Info

Publish Date
30 Jun 2026

Abstract

This study aims to map and analyze the global research landscape of idiosyncratic risk in corporate finance using a bibliometric approach. Data were retrieved from the Scopus database and analyzed using VOSviewer software to examine publication trends, co-authorship patterns, institutional collaborations, country contributions, and keyword co-occurrence structures. The findings indicate that research on idiosyncratic risk is highly concentrated within a core intellectual structure dominated by corporate finance, asset pricing, and financial market theories. Co-authorship and institutional analyses reveal a significant dominance of U.S.-based authors and universities, while emerging contributions from countries such as China, Germany, and India highlight increasing global participation. Keyword analysis shows that the field has evolved from foundational studies on volatility and market efficiency toward more interdisciplinary themes, including behavioral finance, corporate governance, and macroeconomic policy. The study concludes that idiosyncratic risk research has developed into a mature and expanding field that integrates multiple dimensions of financial economics and corporate decision-making.

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Journal Info

Abbrev

sek

Publisher

Subject

Economics, Econometrics & Finance

Description

Fokus: Sanskara Ekonomi dan Kewirausahaan merupakan jurnal yang membahas topik-topik terkait Ekonomi dan Kewirausahaan di Indonesia dan Asia Tenggara. Jurnal ini mempublikasikan artikel-artikel berkualitas yang berisi analisis kritis, pemikiran inovatif, dan hasil penelitian terbaru dalam bidang ...