IDEAS home Printed from https://ideas.repec.org/a/spr/futbus/v11y2025i1d10.1186_s43093-025-00549-z.html
   My bibliography  Save this article

The Philippines in ASEAN financial literacy research: insights from a bibliometric review

Author

Listed:
  • Melvin Sarsale

    (Southern Leyte State University)

Abstract

This bibliometric review explores the Philippine’s contribution in ASEAN financial literacy research. This paper depicts research trends, key contributions, and emerging themes to position the country within the regional and global scenario. This paper applied Biblioshiny, VOSviewer, and Microsoft Excel to analyze co-authorship, citations, and thematic trends from 522 Scopus-indexed publications (2009–2025) screened using PRISMA guidelines. Findings show that Indonesia and Malaysia lead the way in financial literacy research, with the Philippines still underrepresented but having shown robust international collaborations. Most research in the Philippines has been on education and financial behavior, with minimal engagement on emerging topics such as digital financial literacy and SME financial management. Philippine researchers must further expand their scope by engaging with top scholars, publishing their work in high-impact journals, and, generally, enhancing their contribution. With this, policymakers and educators can infer ideas to inform and develop strategic financial literacy plans to overcome these gaps regarding digital finance, financial resilience, and SME management, thereby making for better avenues to financial inclusion and economic empowerment.

Suggested Citation

  • Melvin Sarsale, 2025. "The Philippines in ASEAN financial literacy research: insights from a bibliometric review," Future Business Journal, Springer, vol. 11(1), pages 1-17, December.
  • Handle: RePEc:spr:futbus:v:11:y:2025:i:1:d:10.1186_s43093-025-00549-z
    DOI: 10.1186/s43093-025-00549-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s43093-025-00549-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1186/s43093-025-00549-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Mary A. Caplan & Julie Birkenmaier & Junghee Bae, 2021. "Financial exclusion in OECD countries: A scoping review," International Journal of Social Welfare, John Wiley & Sons, vol. 30(1), pages 58-71, January.
    2. Donthu, Naveen & Kumar, Satish & Mukherjee, Debmalya & Pandey, Nitesh & Lim, Weng Marc, 2021. "How to conduct a bibliometric analysis: An overview and guidelines," Journal of Business Research, Elsevier, vol. 133(C), pages 285-296.
    3. Aria, Massimo & Cuccurullo, Corrado, 2017. "bibliometrix: An R-tool for comprehensive science mapping analysis," Journal of Informetrics, Elsevier, vol. 11(4), pages 959-975.
    4. Mohd Mohid Rahmat & Takiah Mohd Iskandar & Norman Mohd Saleh, 2009. "Audit committee characteristics in financially distressed and non‐distressed companies," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 24(7), pages 624-638, July.
    5. Amit Pandey & Ravi Kiran & Rakesh Kumar Sharma, 2022. "Investigating the Impact of Financial Inclusion Drivers, Financial Literacy and Financial Initiatives in Fostering Sustainable Growth in North India," Sustainability, MDPI, vol. 14(17), pages 1-21, September.
    6. repec:eme:maj000:02686900910975350 is not listed on IDEAS
    7. Mohd Mohid Rahmat & Takiah Mohd Iskandar & Norman Mohd Saleh, 2009. "Audit committee characteristics in financially distressed and non-distressed companies," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(7), pages 624-638, July.
    8. Robert Jeyakumar Nathan & Budi Setiawan & Mac Nhu Quynh, 2022. "Fintech and Financial Health in Vietnam during the COVID-19 Pandemic: In-Depth Descriptive Analysis," JRFM, MDPI, vol. 15(3), pages 1-19, March.
    9. Shawn Cole & Thomas Sampson & Bilal Zia, 2011. "Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?," Journal of Finance, American Finance Association, vol. 66(6), pages 1933-1967, December.
    10. Junwan Liu & Xiaofei Guo & Shuo Xu & Yueyan Zhang, 2023. "Quantifying the impact of strong ties in international scientific research collaboration," PLOS ONE, Public Library of Science, vol. 18(1), pages 1-26, January.
    11. Khurram Rehman & Md Aslam Mia, 2024. "Determinants of financial literacy: a systematic review and future research directions," Future Business Journal, Springer, vol. 10(1), pages 1-25, December.
    12. Morgan, Peter J. & Long, Trinh Quang, 2020. "Financial literacy, financial inclusion, and savings behavior in Laos," Journal of Asian Economics, Elsevier, vol. 68(C).
    13. Mansi Yadav & Priyanka Banerji, 2023. "A bibliometric analysis of digital financial literacy," American Journal of Business, Emerald Group Publishing Limited, vol. 38(3), pages 91-111, May.
    14. Zhian Zhiow Augustinne Wong & Ramez Abubakr Badeeb & Abey P. Philip, 2023. "Financial Inclusion, Poverty, and Income Inequality in ASEAN Countries: Does Financial Innovation Matter?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 471-503, September.
    15. Mansi Yadav & Priyanka Banerji, 2024. "Systematic literature review on Digital Financial Literacy," SN Business & Economics, Springer, vol. 4(11), pages 1-25, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Megha Garg & Parveen Kumar, 2024. "Harnessing digital technologies for triple bottom line sustainability in the banking industry: a bibliometric review," Future Business Journal, Springer, vol. 10(1), pages 1-23, December.
    2. Bansal, Sanchita & Kumar, Satish & Ali, Searat & Singh, Shifali & Nangia, Priya & Bamel, Umesh, 2025. "Harnessing digital finance for sustainability: An integrative review and research agenda," Research in International Business and Finance, Elsevier, vol. 74(C).
    3. Katherin Carrera-Silva & Olga Maritza Rodríguez Ulcuango & Paula Abdo-Peralta & Ángel Gerardo Castelo Salazar & Carmen Amelia Samaniego Erazo & Diego Haro Ávalos, 2024. "Beyond the Financial Horizon: A Critical Review of Social Responsibility in Latin American Credit Unions," Sustainability, MDPI, vol. 16(18), pages 1-23, September.
    4. Shuangqing Sheng & Wei Song & Hua Lian & Lei Ning, 2022. "Review of Urban Land Management Based on Bibliometrics," Land, MDPI, vol. 11(11), pages 1-25, November.
    5. Gour Gobinda Goswami & Tahmid Labib, 2022. "Modeling COVID-19 Transmission Dynamics: A Bibliometric Review," IJERPH, MDPI, vol. 19(21), pages 1-19, October.
    6. Charlie Karlsson & Björn Hammarfelt, 2025. "Correction: The growth and development of Nordic regional science research 1982–2022: bibliometric evidence from thirteen regional science journals," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(2), pages 1-1, June.
    7. Das, Kallol & Patel, Jayesh D. & Sharma, Anuj & Shukla, Yupal, 2023. "Creativity in marketing: Examining the intellectual structure using scientometric analysis and topic modeling," Journal of Business Research, Elsevier, vol. 154(C).
    8. Ying Liang & Wei Song, 2022. "Ecological and Environmental Effects of Land Use and Cover Changes on the Qinghai-Tibetan Plateau: A Bibliometric Review," Land, MDPI, vol. 11(12), pages 1-23, November.
    9. Lanzalonga Federico & Chmet Federico & Petrolo Basilio & Brescia Valerio, 2023. "Exploring Diversity Management to Avoid Social Washing and Pinkwashing: Using Bibliometric Analysis to Shape Future Research Directions," Journal of Intercultural Management, Sciendo, vol. 15(1), pages 41-65, March.
    10. Hutchinson, Mark C. & Lucey, Brian, 2024. "A bibliometric and systemic literature review of biodiversity finance," Finance Research Letters, Elsevier, vol. 64(C).
    11. Ballouk, Hossein & Ben Jabeur, Sami & Challita, Sandra & Chen, Chaomei, 2024. "Financial stability: A scientometric analysis and research agenda," Research in International Business and Finance, Elsevier, vol. 70(PA).
    12. Horobet, Alexandra & Boubaker, Sabri & Belascu, Lucian & Negreanu, Cristina Carmencita & Dinca, Zeno, 2024. "Technology-driven advancements: Mapping the landscape of algorithmic trading literature," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    13. Dennis Opoku Boadu & Justice Kwame Appati & Joseph Agyapong Mensah, 2024. "Exploring the Effectiveness of Graph-based Computational Models in COVID-19 Research," SN Operations Research Forum, Springer, vol. 5(3), pages 1-41, September.
    14. Jin Su & Mo Wang & Mohd Adib Mohammad Razi & Norlida Mohd Dom & Noralfishah Sulaiman & Lai-Wai Tan, 2023. "A Bibliometric Review of Nature-Based Solutions on Urban Stormwater Management," Sustainability, MDPI, vol. 15(9), pages 1-23, April.
    15. Manta Eduard Mihai & Davidescu Adriana Ana Maria & Geambasu Maria Cristina & Florescu Margareta Stela, 2023. "Exploring the research area of direct taxation. An empirical analysis based on bibliometric analysis results," Management & Marketing, Sciendo, vol. 18(s1), pages 355-383, December.
    16. Khan, Ashraf & Goodell, John W. & Hassan, M. Kabir & Paltrinieri, Andrea, 2022. "A bibliometric review of finance bibliometric papers," Finance Research Letters, Elsevier, vol. 47(PA).
    17. Ajjima Jiravichai & Ruth Banomyong, 2022. "A Proposed Methodology for Literature Review on Operational Risk Management in Banks," Risks, MDPI, vol. 10(5), pages 1-18, May.
    18. Hussain, Walayat & Merigó, José M. & Rahimi, Iman & Lev, Benjamin, 2025. "Half a century of Omega – The International Journal of Management Science: A bibliometric analysis," Omega, Elsevier, vol. 133(C).
    19. Carè, Rosella & Fatima, Rabia & Agnese, Paolo, 2025. "Crowdfunding and sustainable development: A systematic review," Finance Research Letters, Elsevier, vol. 78(C).
    20. Deepa Sharma & Suman Chakraborty & Ashwath Ananda Rao & Lumen Shawn Lobo, 2023. "The Relationship of Corporate Social Responsibility and Firm Performance: A Bibliometric Overview," SAGE Open, , vol. 13(1), pages 21582440231, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:futbus:v:11:y:2025:i:1:d:10.1186_s43093-025-00549-z. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.