금융시장 모멘텀 현상에 관한 계량서지분석 및 문헌연구

This study investigates trends in research on price momentum, a well-known anomaly in financial markets. By reviewing key literature, we explore different types of momentum and the development of related studies. Additionally, we analyze momentum research specific to the Korean market to highlight the key differences between Korean and international findings. The study offers several academic contributions. First, it employs a quantitative methodology using big data bibliometric analysis to identify core literature and key topics in price momentum research, providing an objective assessment of research trends and minimizing researcher bias. Second, it reviews major research on price momentum in financial markets, including cross-sectional momentum, time-series momentum, and factor momentum, thus offering a comprehensive overview of the research landscape and suggesting future directions. Third, it examines distinctions between momentum research in the Korean market and international markets, offering insights that could help develop investment strategies tailored to the unique characteristics of the Korean market. Overall, this study provides an objective and comprehensive understanding of financial research related to momentum.