A Bibliometric Analysis on CAMEL Model as a Tool for Measuring Financial Performance of Banks: Analyzing the Current Research Trends and Future Direction

Abstract

The study was carried out to identify the main and emerging source, author, document, and theme, main co-occurrence network theme, gauge the degree of collaboration network of authors, institutions, and countries, and to find out the current trend and future scope of research in the study area. Methodology: The study extracted 114 documents following the PRISMA model from the Scopus database between 2003 and 2023. The dataset was analyzed using free Biblioshiny open software through R studio. Finding: The study revealed that the Journal of Banking and Finance was the most prominent and influential journal followed by EuroMed Journal of Business and the Indian Journal of Finance. Whereas, the dominating and well-explored themes were CAMEL, CAMELS, liquidity, and capital adequacy. The dominance and significance of the theme evolved where before 2003 the dominant themes were financial performance, CAMEL, Islamic banks, and the banking industry which were shifted to new themes such as Islamic banks, corporate governance, financial soundness, liquidity, performance, banking sector, capital adequacy, and asset quality except CAMEL. The documents produced by M. Doumpos (2010), A. Derviz (2008) and U. Dang (2011) were the most relevant and significant papers in this field of study. Whereas authors: V. Kumar, W.-K. Wang and A. Makkar initially initiated the study and formed a cluster. 3 authors collaboration was the highest collaboration with only two clusters while the remaining cluster had only two authors collaboration. In terms of institutions, only one cluster represented two institutions namely the Federal University of Rio De Janeiro and the University of Malaya comwhich were collaborating. 23 countries had contributed to this study. Country-wise Malaysia (4 collaborations) had the highest collaboration with other countries followed by India and Pakistan with 3 collaborations each. Originality/Value: This study used data from the Scopus database. Practical Implication: The result of this study will be significant to researchers, regulators, central banks, banks, and policymakers as it shows the current and future research trends.

Keywords: Bibliometric analysis, CAMEL model, Current research trends.

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