Felix UO, Rebecca LI and Onyeisi OR
The article evaluates the role of financial engineering in the growth of the financial market. The study explores the plausibility of the assumption of the research topic stated above, using the financial market as a focal point. Specifically, this paper reports a theoretical examination that simultaneously considers the effects of these relationships between financial engineering, financial market and growth of the financial market, and the role of corporate governance as financial engineering and derivatives market growth, mergers and acquisitions. It encapsulates the role of technological innovation, market restructuring and capitalization, e-banking, cashless economy in that engineering financial market. The paper appraisals sound empirical ideals and opinions, and stimulate financial engineering expertise into philosophical interaction which imbibes laws and regulations into sequential growth and qualitative financial market. The paper holds, therefore that financial market enjoyed accelerated growth with holistic turn around when the objectives of these image makers are adequately aligned. It therefore recommends that policy makers should domesticate frameworks in that encouraging as well as supporting financial markets for accelerated growth and development. It however concludes that the policies reformation has not been properly enunciated with a corresponding framework to guide the objectives of ensuring stability and growth financial markets.
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