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Decision Support Systems For Financial Recovery and Turnaround Management: A Bibliometric Analysis

Economic volatility, complex business environments, and recurring financial crises have increased the need for structured and information-based decision-making. In this context, Decision Support Systems (DSS) play a key role in financial recovery and turnaround management by reducing uncertainty, integrating multiple criteria, and supporting strategic decisions. De-spite growing academic interest, research in this field remains fragmented. This study aims to provide a systematic overview of the scientific literature on DSS applied to financial recovery and turnaround management using a bibliometric approach. Articles indexed in the Scopus database were analysed through performance analysis and science mapping techniques. In ad-dition, keyword co-occurrence analysis using VOSviewer was conducted to identify dominant themes, conceptual clusters, and emerging research trends. The findings show a significant increase in publications over the last decade, mainly within management, economics, and finance. The results highlight the importance of DSS in crisis situations, particularly their integration with multicriteria decision-making methods, bankruptcy prediction models, artificial intelligence, and resilience-oriented approaches. However, important gaps persist, including limited connections between DSS and turnaround strategies and weak integration between failure prediction and strategic decision-making. Overall, this study contributes by offering a con-cise and structured overview of the evolution of research on DSS in financial recovery and turnaround management, supporting the identification of research gaps and future research directions.

Maria Tavares
University of Aveiro
Portugal

Maria Pinto
University of Aveiro
Portugal