Role of Social Media in Investment Decision-making: A Comprehensive Review and Future Roadmap

Shruti Singh and Anindita Chakraborty

Paradigm, 2024, vol. 28, issue 1, 45-64

Abstract: In recent years, the importance of social media has grown analytically, emphasizing the importance of an appropriate framework that can clarify its role in financial investment decision-making. This essay aims to establish a link between social media use and stock market participation. We used the SPAR-4-SLR technique with theory, context, characteristics and methodology framework analysis to conduct a systematic literature review of essential journal articles published between 2013 and 2023. This review summarizes theoretical and empirical research on social media use and stock market participation. By revealing a significant association between social media use and stock market participation and explaining the impact of other elements that remain unresearched, this study has added a new perspective to the literature. This study will help financial specialists, economic institutions and policymakers design better stock market strategies, make financial decisions and add to the body of knowledge concerning the relationship between social impact and SMP.

Keywords: Social media; social interaction; stock market participation; investment decision; SPAR-4-SLR; TCCM framework (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/09718907241243187 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:padigm:v:28:y:2024:i:1:p:45-64

DOI: 10.1177/09718907241243187

Access Statistics for this article

More articles in Paradigm
Bibliographic data for series maintained by SAGE Publications ().