Artificial neural networks in business: Two decades of research.

•We introduce a literature review considering articles on artificial neural networks in business published in last two decades.•412 suitable articles are identified and classified according to defined methodology.•We focus on date, area of interest, type of neural network, benchmark method, journal and citations.•The most applied are multilayer feedforward networks with backpropagation learning performed by gradient descent algorithm.•Majority (25.73%) of the examined articles were published in Expert Systems with Applications.