Papers on “retail investors”
Research on “retail investors” in the 480 tracked journals: papers per year and category, the journals, institutions and countries publishing it, the keywords studied with it and its most-cited papers. It is not among the most frequent keywords of the last 30 days, so this page has no list of its latest papers. Also as Markdown.
← Top research keywords · Keyword trends
Key findings#
- From 2017 to 2026 (so far), the keyword “retail investors” appeared in 816 papers in the tracked journals, most of them in finance (620), economics (81) and accounting (44).
- 103 of them were published in 2025, against 55 in 2017.
- Since 2023, the institutions with the most of these papers were Southwestern University of Finance and Economics (16), Tianjin University (9) and Central University of Finance and Economics (8).
- The journals publishing most of them were Finance research letters (67), Pacific-Basin Finance Journal (45) and International Review of Economics & Finance (24).
- The most-cited of them is “Machine learning in the Chinese stock market” (Journal of Financial Economics, 2021), with 594 citations.
Papers per year#
20172026 (so far)
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (so far) |
|---|---|---|---|---|---|---|---|---|---|---|
| Finance | 37 | 34 | 41 | 43 | 71 | 66 | 76 | 100 | 81 | 71 |
| Economics | 10 | 8 | 5 | 5 | 10 | 10 | 10 | 9 | 8 | 6 |
| Accounting | 3 | 6 | 0 | 2 | 2 | 6 | 1 | 8 | 4 | 12 |
| Management | 3 | 1 | 2 | 1 | 5 | 3 | 2 | 1 | 4 | 9 |
| Marketing | 2 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 |
| Operations Research | 0 | 0 | 2 | 1 | 2 | 5 | 1 | 0 | 1 | 0 |
| Information Systems | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 0 |
| AI | 0 | 0 | 0 | 1 | 0 | 0 | 2 | 0 | 1 | 0 |
| All categories | 55 | 51 | 51 | 55 | 93 | 92 | 94 | 120 | 103 | 102 |
Where the papers come from#
| # | Journal | Papers |
|---|---|---|
| 1 | Finance research letters | 67 |
| 2 | Pacific-Basin Finance Journal | 45 |
| 3 | International Review of Economics & Finance | 24 |
| 4 | International Review of Financial Analysis | 23 |
| 5 | Journal of Banking & Finance | 20 |
| 6 | Journal of Behavioral and Experimental Finance | 19 |
| 7 | Research in International Business and Finance | 14 |
| 8 | Journal of Financial Economics | 14 |
| 9 | Journal of International Financial Markets Institutions and Money | 12 |
| 10 | Review of Accounting Studies | 10 |
| # | Institution | Papers |
|---|---|---|
| 1 | Southwestern University of Finance and Economics | 16 |
| 2 | Tianjin University | 9 |
| 3 | Central University of Finance and Economics | 8 |
| 4 | Capital University of Economics and Business | 7 |
| 5 | East China University of Science and Technology | 7 |
| 6 | Peking University | 7 |
| 7 | National Chengchi University | 6 |
| 8 | Stanford University | 6 |
| 9 | Sun Yat-sen University | 6 |
| 10 | Sungkyunkwan University | 6 |
| # | Country | Papers |
|---|---|---|
| 1 | China | 145 |
| 2 | United States | 91 |
| 3 | Germany | 40 |
| 4 | United Kingdom | 36 |
| 5 | Taiwan | 25 |
| 6 | South Korea | 23 |
| 7 | Australia | 21 |
| 8 | India | 18 |
| 9 | France | 14 |
| 10 | Hong Kong | 13 |
| # | Keyword | Papers |
|---|---|---|
| 1 | institutional investors | 81 |
| 2 | behavioral finance | 48 |
| 3 | Chinese stock market | 45 |
| 4 | investor behavior | 39 |
| 5 | investor sentiment | 37 |
| 6 | investor attention | 30 |
| 7 | information asymmetry | 24 |
| 8 | stock returns | 24 |
| 9 | corporate governance | 21 |
Most-cited papers#
| # | Citations | Per month | Title | Journal | Published | Authors |
|---|---|---|---|---|---|---|
| 1 | 594 | 9.5 | Machine learning in the Chinese stock market | Journal of Financial Economics | 2021-08-27 | Markus Leippold, Qian Wang, Wenyu Zhou |
| 2 | 281 | 3.1 | Investors’ choices between cash and voting rights: Evidence from dual-class equity crowdfunding | Research Policy | 2019-04-02 | Douglas J. Cumming, Michele Meoli, Silvio Vismara A |
| 3 | 273 | 3.8 | Has financial attitude impacted the trading activity of retail investors during the COVID-19 pandemic? | Journal of Retailing and Consumer Services | 2020-10-09 | Manish Talwar, Shalini Talwar, Puneet Kaur et al. |
| 4 | 262 | 3.2 | Investor Attention and Global Market Returns during the COVID-19 Crisis | International Review of Financial Analysis | 2020-01-01 | Lee A. Smales |
| 5 | 255 | 5.1 | Retail trader sophistication and stock market quality: Evidence from brokerage outages | Journal of Financial Economics | 2022-08-30 | Gregory W. Eaton, T. Clifton Green, Brian Roseman et al. |
Research ideas that follow this keyword#
Cite this page
Scholar4AI. (2026). Papers on “retail investors”. Journal and Conference Research Rankings. Retrieved November 3, 2026, from https://scholar4ai.com/keywords/retail-investors
@misc{scholar4ai-keywords-retail-investors,
author = {{Scholar4AI}},
title = {Papers on “retail investors”},
year = {2026},
howpublished = {\url{https://scholar4ai.com/keywords/retail-investors}},
urldate = {2026-11-03},
note = {Journal and Conference Research Rankings; data from OpenAlex (CC0); licensed CC BY-NC 4.0}
}