Medidas del riesgo sistemático: una visión bibliométrica

Daniel Isaac Roque; Jorge Cortes Cortes; Andrés Caicedo Carrero; Gerardo Vaca Lombana; Wilmar Arnulfo Bravo Murillo

Medidas del riesgo sistemático: una visión bibliométrica

Isaac Roque, Daniel ^[1] ; Cortés Cortés, Jorge Alexander ^[2] ; Caicedo Carrero, Andrés ^[1] ; Vaca Lombana, José Gerardo ^[1] ; Bravo Murillo, Wilmar Arnulfo ^[1]
1. [1] Universidad Colegio Mayor de Cundinamarca
  
  Universidad Colegio Mayor de Cundinamarca
  
  Colombia
2. [2] Institución Universitaria Colegios de Colombia
  
  Institución Universitaria Colegios de Colombia
  
  Colombia
Localización: Bibliotecas. Anales de Investigación, ISSN-e 1683-8947, ISSN 0006-176X, Vol. 22, Nº. 1, 2026 (Ejemplar dedicado a: Bibliotecas. Anales de Investigación), págs. 1-18
Idioma: español
Títulos paralelos:
- Systematic Risk Measures: a bibliometric vision
Enlaces
- Texto completo (pdf)
Resumen
- español
  Objetivo: Analizar las tendencias científicas sobre las medidas del riesgo sistemático mediante un estudio bibliométrico que identifique autores, países, clústeres temáticos y líneas emergentes de investigación. Diseño/Metodología/Enfoque: Se utilizó un enfoque cuantitativo, exploratorio, con análisis bibliométrico sobre 313 artículos indexados en Scopus (1974–2024), aplicando indicadores de desempeño, mapeo de la ciencia y análisis de redes, apoyado en las herramientas Bibliometrix (RStudio) y Tree of Science. Resultados/Discusión: Los hallazgos muestran un crecimiento sostenido de publicaciones desde 2012, con liderazgo de países como China y Estados Unidos. Se identifican tres clústeres conceptuales: (i) medición y gestión del riesgo financiero, (ii) estabilidad financiera y riesgo sistémico, y (iii) modelos teóricos de valoración de activos. Además, las temáticas evolucionaron desde una visión centrada en el CAPM y la beta hacia métricas más complejas que incluyen riesgo de cola, riesgos emergentes y aplicaciones sectoriales. El análisis de redes reveló autores seminales como Markowitz, Sharpe y Fama, así como nuevas líneas de investigación sobre riesgos en portafolios islámicos, rentas vitalicias y reaseguros. Conclusiones: La literatura sobre medidas del riesgo sistemático ha transitado de modelos clásicos a enfoques multivariados y dinámicos, integrando herramientas para la gestión práctica del riesgo en contextos financieros complejos y globalizados. Originalidad/Valor: El artículo ofrece una visión integral y sistemática de la evolución científica del riesgo sistemático, destacando oportunidades para futuras investigaciones y aplicaciones en finanzas corporativas.
- English
  Objective: To analyze scientific trends on measures of systematic risk through a bibliometric study that identifies authors, countries, thematic clusters and emerging lines of research. Design/Methodology/Approach: A quantitative, exploratory approach was used, with bibliometric analysis of 313 articles indexed in Scopus (1974-2024), applying performance indicators, science mapping and network analysis, supported by Bibliometrix (RStudio) and Tree of Science tools. Results/Discussion: The findings show a sustained growth of publications since 2012, with leadership of countries such as China and the United States. Three conceptual clusters are identified: (i) financial risk measurement and management, (ii) financial stability and systemic risk, and (iii) theoretical asset pricing models. In addition, the topics evolved from a CAPM and beta-centric view to more complex metrics including tail risk, emerging risks and sectoral applications. Network analysis revealed seminal authors such as Markowitz, Sharpe and Fama, as well as new lines of research on risks in Islamic portfolios, annuities and reinsurance. Conclusions: The literature on systematic risk measures has transitioned from classical models to multivariate and dynamic approaches, integrating tools for practical risk management in complex and globalized financial contexts. Originality/Value: The article provides a comprehensive and systematic overview of the scientific evolution of systematic risk, highlighting opportunities for future research and applications in corporate finance.
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