Trends and Research Streams in Small and Medium Enterprises Financial Management: A Bibliometric Analysis

Abstract

This study aims to examine the evolving trends and research streams in SME financial management through a bibliometric analysis of the existing literature. Using a systematic dataset extracted from a reputable academic database, the study employs VOSviewer to generate network, overlay, and density visualizations in order to map the intellectual structure, thematic evolution, and research intensity within this field. The analysis focuses on identifying dominant themes, emerging topics, and the interrelationships among key concepts in SME financial management research. The findings reveal that SME financial management research is predominantly centered on financial performance and organizational performance, which form the core research stream and exhibit the highest level of connectivity and density. Established themes such as risk management, supply chain finance, and industry dynamics remain integral to the literature, while more recent studies increasingly emphasize sustainability, circular economy practices, blockchain technology, and green supply chain management. However, advanced digital technologies, including deep learning and autonomous robotic technology, appear as emerging yet weakly integrated themes. Overall, this study provides a comprehensive overview of the intellectual landscape of SME financial management and highlights underexplored areas that offer promising directions for future research.