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A bibliographic overview of financial engineering in the emerging financial market

Author

Listed:
  • Jyoti Ranjan Jena

    (IBCS, Siksha “O” Anusandhan Deemed to Be University)

  • Saroj Kanta Biswal

    (IBCS, Siksha “O” Anusandhan Deemed to Be University)

  • Avinash K. Shrivastava

    (International Management Institute Kolkata)

  • Rashmi Ranjan Panigrahi

    (GITAM Deemed to Be University)

Abstract

Financial engineering is constantly changing and encountering new problems. Financial engineering helps us detect emerging trends and challenges, such as fintech’s effect on banking institutions or environmental change, and design novel solutions. Still, many areas remain open to exploring the contribution of FE research in finance. This study has adopted combined qualitative research approaches through bibliometric analysis. The research was conducted from 2007 to 2022. Study findings and conclusions are supported by an analysis of bibliographic coupling, co-occurrence & co-citation of 343 research publications taken from the Scopus database, and analysis was performed using software tools such as VOS-Viewer and Biblioshiny with R Studio. Based on the results of these analyses, the study was able to conclude the trends and characteristics of research on financial engineering in the financial market. The study identifies prominent authors, journals, and institutions using bibliometric analysis. The current study highlighted the most cited research articles and identified the seven most emerging thematic clusters. The originality extracted from research findings compels and motivates extensive research in FE in the future. The emerging areas and themes identified from the study, i.e., (1) FE and adoption of AI & IOT Applications for RM, (2) investment decision and business crisis, and (3) recent developments and mathematical application in risk analysis. The novelty of the study lies in its focus on financial engineering in emerging financial markets, the adoption of a bibliographic overview methodology, the integration and evaluation of previous research, the identification of trends and research gaps, and its value as a resource for researchers and practitioners. These aspects make it a unique and valuable contribution to the field of financial engineering.

Suggested Citation

  • Jyoti Ranjan Jena & Saroj Kanta Biswal & Avinash K. Shrivastava & Rashmi Ranjan Panigrahi, 2023. "A bibliographic overview of financial engineering in the emerging financial market," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(6), pages 2048-2065, December.
    • Handle: RePEc:spr:ijsaem:v:14:y:2023:i:6:d:10.1007_s13198-023-02123-8
    DOI: 10.1007/s13198-023-02123-8
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