Market microstructure to enhance sustainable investment decision and asset growth through financial literacy

Nitika Sharma, Sridhar Manohar, Arjun J. Nair and A. B. Satish Rao ()
Additional contact information
Nitika Sharma: Chitkara University
Sridhar Manohar: Chitkara University
Arjun J. Nair: Chitkara University
A. B. Satish Rao: Manipal Academy of Higher Education

Journal of Innovation and Entrepreneurship, 2025, vol. 14, issue 1, 1-20

Abstract: Abstract The purpose of this study is to present a literature review of market microstructure research to identify the impacts of investment decision and asset growth. It seeks to come up with a conceptual framework related to market microstructure that can promote sustainable investment practices and long-term asset growth towards economic prosperity. An infometric analysis has been conducted based on data extracted from Scopus using VosViewer to generate themes from the literature. Furthermore, a lexicometric analysis is undertaken using an open-source software named Iramuteq to analyze the overall structure of the textual corpus analyzed through infometric analysis. The most important contribution of this research is a comprehensive conceptual framework with a focus on the importance of financial literacy to affect sustainable investment decisions via market microstructure. In addition, the framework posits sustainable investment and investment channels as moderating variables. The study provides a conceptual framework with future direction and scope to work on. In addition, the study is inclusive of unexplored research themes on which future studies can be based. It acts as a base for examining the interplay of market microstructure in shaping informed and sustainable investment decision-making. The study provides a thorough review of the existing body of literature through infometric and lexicometric analysis. Followed by this, the research develops a novel conceptual framework linking market microstructure with investment decision, asset growth and financial literacy.

Keywords: Market microstructure; Financial literacy; Financial sustainability; Economic growth; Asset growth; Investment decision (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1186/s13731-025-00517-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:joiaen:v:14:y:2025:i:1:d:10.1186_s13731-025-00517-5

Ordering information: This journal article can be ordered from
https://innovation-e ... ip.springeropen.com/

DOI: 10.1186/s13731-025-00517-5

Access Statistics for this article

Journal of Innovation and Entrepreneurship is currently edited by Elias G. Carayannis

More articles in Journal of Innovation and Entrepreneurship from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().