Obsolescence of Literature in Financial Studies: A Study

The current study aims to investigate the obsolescence of literature in financial studies in detail. The research is based on the references and bibliography of doctoral theses in financial studies awarded by the University of Delhi during 2007-2016. The annual ageing factor, mean life/half-life, utility factor, and corrected obsolescence factor have been calculated individually. The research resulted in a higher number of citations published in the last 15 years, which shows that literature of current times has more scope to get cited than older literature. Specific aspects need to be observed while calculating the obsolescence rate or decline in use. The latest research has benefited from easy availability and an open-access approach, and the study resulted in principle values and core findings that are high in citations and are not affected by age.